High-level security in the current digital world with permanent cyber threat is paramount. In order to survive, every company needs to change its perspective on cybersecurity. They must focus on the right things to become cyber resilient. Understanding Cyber Risks is imperative for ensuring business operations as cyberattacks can cost companies a fortune, can pose a risk to the stability of the financial system. It is important to work continuously towards developing strategies to deal with crisis situations, to protect the company’s data and information systems if the attack occurs. In this panel discussion, we will discuss how to counter the potential threats, increase risk awareness across firms, and safeguard critical assets and data.