In an age of unprecedented business and supply chain connectivity supported by technological advancement and disruption, the ability of firms to transform themselves to remain agile and meet the needs of tech-savvy, connected and informed customers is crucial to their sustainability and survival. The current pandemic has also significantly accelerated customer technology and digital embracement, new ways of working (remotely) and new business models which further heighten the criticalness of pre-planned, preventive and effective technology and cyber risk management by firms. Technology today is more than an enabler, it has become a strategy. Yet, it is precisely this enabler and strategy which poses deep and hidden threats which, if not understood and managed properly, can pose a significant threat to the very survival of a firm.