When you think of smart investments, you might picture real estate, stocks or the latest tech startups. There is a different type of investment that provides immediate and long term advantages: cybersecurity. This investment is crucial to protect businesses from expensive cyberattacks and helps them avoid costly fines and losing the trust of customers.
As digital transformation transforms business operations of enterprises, they create, manipulate and store an ever-growing amount of data. This data needs to be managed across complex computing environments. These environments include cloud data centres, enterprise data centres and a range of connected devices like Internet of Things sensors and robotics. This complexity increases the risk of an greater attack surface, which makes critical data more vulnerable to being hacked and lost.
Apart from the financial burdens Data breaches can also harm the image of a business and lead to long-term losses in sales. A recent study showed that the average cost https://24tradeway.com/secure-file-sharing-for-ma-the-best-solutions/ of a data breach is $4 million – an impact that is difficult for any organization to absorb. Additionally, regulations such as the California Consumer Privacy Act and the General Data Protection Regulation impose harsh penalties on companies who don’t adhere to strict security standards.
In today’s booming economy security is a must. is vital to growth. A pound of prevention is worth a pound cure, and it’s more cost-effective to invest in preventative measures instead of the cost of cleaning up and recovering following a breach. With the right tools and technologies, enterprises can ensure that their data is secure in transit, in the middle and in the middle by implementing encryption and making sure that the human firewall is in place and conducting regular deep checks.