- November 10, 2024
- Posted by: ishaqch
- Category: Business Visas
When you think about smart investments, you may think of stocks, real estate or the latest tech startups. However, there’s another type of investment that offers both in the immediate and the long-term cybersecurity. This investment is crucial to protect businesses from expensive cyberattacks and helps them avoid costly fines and losing the trust of their customers.
As digital transformation transforms the business processes of companies, they generate and manage an ever-increasing volume of data. The data needs to be handled across complex computing environments. These environments are regularly spanning cloud and enterprise data centers as well as a host of connected devices such as Internet of Things sensors and robots. This increased complexity results in a greater attack surface which makes it difficult to safeguard critical information from theft and compromise.
Aside from the financial costs Data breaches can also harm an organization’s reputation and lead to long-term losses in sales. Recent research found that the cost for an incident involving data was $4 million. This is a massive impact on any company. Regulations like the California Consumer Privacy Act or the General Data Protection Regulation also have severe penalties for companies who do not adhere to the highest security standards.
In today’s competitive market an effective cybersecurity strategy is crucial to success. A penny of prevention is worth a pound of cure, and it’s far more efficient to invest in preventative measures than the cost of cleaning up and recovering after a breach. Implementing the right tools and technology, companies can ensure that their information is secure during transit, rest and in the middle. This includes installing encryption, focusing the human firewall, and conducting regular deep-checks.
