Smart Investments and Strong Data Security

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When you think about smart investments, you may imagine stocks, real estate or the most recent technology startups. There’s a different kind of investment that provides immediate and long-term advantages: cybersecurity. This investment is crucial to protect businesses from expensive cyberattacks. It also helps to avoid costly fines as well as losing the trust of customers.

As digital transformation transforms the business operations of companies, they generate and manage an ever-increasing volume of data. This data needs to be controlled across complex computing environments. These environments include cloud data centres, enterprise data centres and a range of connected devices such as Internet of Things sensors and robotics. This complexity increases the risk of an greater attack surface, which makes crucial information more susceptible to compromise and loss.

In addition to the financial costs of data breaches, they could also affect a company’s image and lead to long-term sales losses. Recent research revealed that the cost for an incident involving data was $4 million. This is a significant impact on any organization. In addition, regulations such as the California Consumer Privacy Act and the General Data Protection Regulation impose heavy penalties on businesses that fail to meet the strict security requirements.

In today’s market that is highly competitive, a strong cybersecurity position is essential to grow. A preventative pound is worth a pound cure, and it’s more efficient to invest in preventative measures than paying for cleanup and recovery following a breach. With the right tools and technologies, businesses can ensure their information 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 regularly conducting deep checks.

Anderson Anselmo