Cybersecurity and Digital Risk Strategy

As digital transformation accelerates, it opens new frontiers of innovation and growth—along with heightened vulnerabilities—making an elevated cyber risk strategy a strategic imperative. BCG’s Center for Leadership in Cyber Strategy helps business leaders take ownership of digital risk by providing deep cyber defense and technological expertise, together with BCG’s world-class insights.

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Cyberattacks are inevitable. They cause financial, reputational, and operational consequences that demand executive attention. Add to this the reality of tight budgets, intensifying regulatory scrutiny, and increasingly complex cyber incidents—plus the rapid maturation and democratization of AI capabilities—and the risks become even greater. The median cost of a mega breach is now $52 million, and breaches take an average of 258 days to contain.

Cybersecurity has become more than an IT issue. Cyber resilience and cyber risk strategy are now board and CEO priorities that impact the bottom line.

Our Approach to Cybersecurity and Digital Risk

It is now critical to reframe cybersecurity, not as a technical function, but as a strategic imperative and proactive boardroom priority. That’s why the Center for Leadership in Cyber Strategy equips business and technology leaders to understand and act together to treat digital risk as a core business and leadership issue. Through a business-first, impact-driven approach, we align cyber, risk, and enterprise strategy to unlock a source of sustainable competitive advantage. Our approach includes:

  • Strategy: We help leaders synchronize business ambition and cyber strategy, quantifying cyber and digital risk in economic terms to enable better decisions and clearer alignment with enterprise strategy. Cyber becomes a measurable business issue, empowering leaders to prioritize investments and defend enterprise value.
  • Cross-Functional Teaming: Our model brings together technical and business stakeholders, embedding cyber thinking in a centralized function to strengthen defenses, streamline security efforts, and help organizations get more from their investments.
  • Value Focus: We prepare organizations not only to avoid disruption, but withstand it. From boardroom governance to frontline capability, we help develop the necessary structures, mindsets, and cyber risk strategies to manage increased digital risk and recover from a cyberattack —to become stronger and lead with confidence in today’s dynamic digital world.
  • Tech Resilience: From cloud transformation to AI adoption, we embed risk management in the foundations of digital innovation. We set a clear North Star, AI-specific cybersecurity guardrails, and a secure, compliant architecture from day one. The result? Cyber resilience as a driver of strategic agility and sustainable advantage.

Our Clients’ Success in Cyber Risk Strategy

Our cybersecurity consulting team combines business expertise, a strategic mindset, and deep knowledge of cyber risk quantification strategy and technologies.

15%
reduction in cybersecurity spending
Many companies face a common dilemma: their cybersecurity spending often isn’t as efficient or effective as it could be. Through cyber risk analytics—including our Cyber Doppler tool—we helped our client, a leading global bank, calculate its risk exposure for different scenarios and business units and understand the impact of various cyber activities. This let the company optimize its cyber portfolio and reallocate spending to activities that had the highest impact on risk exposure. The bank reduced its cyber projects by 35% while eliminating or reallocating 15% of its cybersecurity spending—all while improving the organization’s cyber readiness.
30
cyber defense projects steered
Hoping to expand its footprint in health care, our client knew it had to first shore up its cyber defenses. A recent malware attack had caused a significant financial loss, and vulnerabilities remained. Drawing on our technical and project management expertise, we conducted multiple cybersecurity assessments and identified both weak points and costly redundancies. We prioritized areas to focus on, and we steered more than 30 cyber defense projects for the client. Just as importantly, we developed long- and short-term roadmaps so that the company could enhance its cyber capabilities quickly—and continually improve.

Our Solutions for Cybersecurity and Digital Risk

Our Cybersecurity and Digital Risk Partnerships

Press Release
February 29, 2024
BCG is teaming with Mandiant (part of Google Cloud)—a recognized leader in dynamic cyber defense, threat intelligence, and incident response services—to help organizations improve cybersecurity resilience against the ever-evolving threat landscape.
Press Release
October 9, 2024
Thales and BCG’s strategic partnership provide companies with the combined support of Thales’s world-leading tech capabilities and BCG’s global expertise in business strategy and transformation.

Explore Our Insights on Cyber Risk Strategy

Meet Our Cyber Risk Consulting Leaders

Managing Director & Senior Partner

Vanessa Lyon

Managing Director & Senior Partner
New York

Managing Director & Partner

Or Klier

Managing Director & Partner
Tel Aviv

Managing Director & Partner

Shoaib Yousuf

Managing Director & Partner
Dubai

Managing Director, BCG Platinion

Nadya Bartol

Managing Director, BCG Platinion
Washington, DC

Managing Director & Partner

Biljana Bajic-Bizumic

Managing Director & Partner
Zurich

Partner and Director, Cybersecurity & IT Risk Management

Moti BenMocha

Partner and Director, Cybersecurity & IT Risk Management
Tel Aviv

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