The truth is that in today’s hyperconnected world, maturity-based cybersecurity programs are no longer adequate for combatting cyberrisks. A more strategic, risk-based approach is imperative for effective and efficient risk management (Exhibit 2).

Since all methods of predicting the future are flawed, Scenario Planning is a model for considering multiple realistic potential futures and assessing the risks and opportunities of each scenario. This can lead to better positioning today for an uncertain future.