Laying the Groundwork for a Successful—and Timely—Recovery
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As random as floods or cyber-attacks seem, far-sighted finance executives possess the power to counteract the consequences of such catastrophic events, buttressing the business so that it can absorb any operational impact and embark on a rapid rebound.
But doing so requires ingraining a continuous risk-assessment system into the business—and making consistent adjustments to it. Activities like cyber-hacking are dynamic, with patterns of infiltration constantly changing. Once identified, risks, too, may rise or fall within a CFO’s rankings, the urgency of the threat changing in sync with the company’s strategy, which may require entering new markets or making acquisitions.