Smart Investments and Strong Data Security
You might think of real estate, stocks or the newest tech startups when you think of smart investments. There is another type of investment that has both immediate and long term advantages cybersecurity. This essential investment helps protect companies from costly cyberattacks and helps them avoid expensive penalties and loss of trust from customers.
As digital transformation transforms business operations, companies are creating and manipulating an ever-growing amount data that needs to be efficiently managed across complex computing environments. These environments are routinely spanning cloud as well as enterprise data centers and many connected devices, including Internet of Things sensors and robots. This added complexity creates a greater risk of attack and makes it harder to protect critical data from loss and compromise.
In addition to the financial costs Data breaches can harm the reputation of a company and result in long-term losses in sales. Recent research has revealed that the cost for a data breach was around $4 million. This is a massive impact on any business. Regulations like the California Consumer Privacy Act or the General Data Protection Regulation also punish companies with severe penalties who fail to adhere to the strict security standards.
In today’s competitive economy an effective cybersecurity posture is essential to achieving growth. It’s cheaper to tech integration techniques for holistic growth invest into preventative measures, rather than paying for cleanup and restoration after the event of a security breach. With the right tools and technologies, enterprises can ensure that their data is secure while in transit, in the middle and in between by implementing encryption by making sure that the human firewall is in place and regularly conducting deep checks.