Resilience and Security on Enterprise Networks: A Multi-Sector Study

Abstract

The rate of cyber-attacks on enterprise network is increasing daily, accounting for losses in billions of dollars yearly. Professor Soren Morgan once asserted that if it were measured as a country, then the damages from cybercrime alone estimated at $6 trillion globally in 2021, would be the world's third-largest economy after the U.S. and China. This study examines the implications of cyber resilience on the security of enterprise network operations with a view to ascertaining how organizations in different economic sectors adopt cyber resilience strategies towards protecting their network resources against data and privacy violations. Twenty organizations in three different sectors were studied. The findings showed that organizations in the two sectors: oil and gas, and finance and banking, demonstrate better cyber security infrastructure and the adoption of cyber resilience strategies respectively, whereas, organizations in the higher education sector did not show remarkable commitment to the adoption of good cyber security practices. Overall, all organizations appear rather slow in the implementation of multi-level resilience strategies.