business Cyber Risk Is a Business Risk. Is Your Organization Ready? October 08, 2026 October marks Cybersecurity Awareness Month. Cybersecurity is a business risk, not just an IT issue. Learn how stronger security practices, employee awareness and incident response planning can help your organization reduce risk and stay resilient when a cyber incident occurs. Quick Takeaways Cybersecurity threats can create significant financial, operational and reputational risks for businesses.AI, deepfakes and third-party vendors are changing the cybersecurity landscape.Employees, processes and security culture play an important role in reducing cyber risk.Incident response plans should clearly define roles, responsibilities and communication strategies.Testing your response plan before an incident happens can help your organization respond with confidence. Why it mattersFor years, cybersecurity was treated largely as an IT issue. The technology team handled the firewalls, patches, access controls and security tools, while business leaders focused on operations, financial performance and growth. That approach no longer works.Today, a cyber incident can disrupt operations, expose sensitive data, damage customer trust and create significant financial and reputational consequences. And as cyber threats become more sophisticated, organizations need to think beyond how they can prevent an attack. They need to ask a more important question: If an incident happens, how prepared are we to keep the business moving?As I’ve written in my Providence Business News Cyber Sessions column, the conversation around cybersecurity has shifted from simply preventing attacks to building resilience. The organizations best positioned to navigate today’s threats are those that understand their critical assets and dependencies, continuously assess their risks and know how to respond when something goes wrong.Cyber risk is evolvingThe threat landscape is changing quickly. Artificial intelligence is giving cybercriminals new ways to identify vulnerabilities, automate attacks and create convincing social engineering campaigns. Deepfakes and voice cloning can make fraudulent requests appear to come directly from an executive, while AI agents can interact with systems and data with increasingly little human intervention.At the same time, organizations are more dependent than ever on cloud platforms, technology providers and third-party vendors. When a vendor experiences an incident, the impact can quickly become your problem, too. Businesses need visibility into their vendors’ security practices, resilience and data handling rather than simply assuming that a trusted provider has risk under control.Technology is only part of the equation. People and processes matter just as much.Security awareness training, for example, can’t simply be an annual compliance exercise. Employees need to understand why their actions matter and feel empowered to pause and verify suspicious requests, particularly as AI makes fraudulent communications increasingly convincing.What happens when prevention fails?No organization can eliminate cyber risk entirely. The real test is what happens when defenses are bypassed.Do your employees know what to do?Do leaders know who is responsible for making critical decisions?Can you communicate effectively with employees, customers, vendors and other stakeholders?How quickly can you restore critical operations?These questions should be answered before an incident occurs.Incident response plans are only useful if they are more than documents sitting on a shared drive. Organizations should establish clear roles and responsibilities, test their plans and conduct exercises that reflect the types of disruptions they could realistically face. As I have emphasized in my coverage on recent breaches, technical containment is only part of the response. Communication and leadership are equally important.Cyber resilience is ultimately about being prepared to take a hit and stay in the fight.What cybersecurity gaps might your organization be overlooking? Is your incident response plan ready for a real-world event? And are your people, processes and leadership prepared to respond?