2024 Global Cyber Confidence Index

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The Journey to Cyber Resilience

Prepare for, adapt to and withstand or recover from disruptions

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The Journey to Cyber Resilience

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The threat of operational incidents is real, as are the implications of being unprepared. No matter your business location, the ever-increasing risks of cyberattacks, natural disasters, and other disruptions are dictating that every financial institution implement resilience best practices.


Around the globe, cyber incidents pose an increasing threat to macro-financial stability. Cyberattacks continue to demand heightened attention as attack campaigns grow in sophistication, especially with GenAI and post-quantum cryptography. According to the International Monetary Fund’s Global Financial Stability Report1, the size of extreme losses per firm has more than quadrupled since 2017 to $2.5 billion. Indirect losses like reputational damage can cost even more. Losses like this could jeopardize funding and even solvency.

Building operational resilience requires widespread engagement and support from across the organization, from the board and senior leadership to individual business lines. The benefits of putting in the effort are potentially tremendous:

  • Drastically reduced financial losses
  • Faster remediation and recovery
  • Maintained customer loyalty and brand value

  • Lower regulatory risk 

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