R&OS are among the industries most affected by cyber breaches. With a high volume of personally identifiable information (PII) and payment card information changing hands with every transaction, the R&OS industry is one of the most vulnerable targets of cyber-attacks. The threat is intensified when PII is not adequately protected through the use protection and prevention technology. And as the frequency and severity of attacks and losses mount, regulators, shareholders, and other stakeholders are paying ever more attention to R&OS’s cyber risk control measures.
One of the reasons why R&OS continue to be plagued with cyber security challenges is driven by the complex nature of their integrated value chain, which transcends several internal and external boundaries and their security is driven by the strength of their weakest link. Picture below indicates the how these value chain interacts with each other.