You might think of stocks, real estate or the most up-to-date technology startups when you think of smart investments. However, there’s a different kind of investment that provides both in the immediate and the long-term: cybersecurity. This investment is crucial to protect businesses from costly cyberattacks, and assists them in avoiding costly fines and the loss of trust from customers.
As digital transformation transforms business operations of companies, they generate and manage an ever-growing amount of information. This data must be managed across complex computing environments. These environments are routinely spanning cloud data centers, enterprise data centers, and many connected devices, including Internet of Things sensors and robots. This increased complexity results in a greater risk of attack, making it harder to safeguard critical information from theft and here, we discuss data room security measures to protect sensitive information compromise.
In addition to the financial cost of data breaches, they could also damage a company’s reputation and result in long-term sales losses. Recent research showed that the average cost of an incident involving data was $4 million. This is an enormous impact on any business. Regulations such as the California Consumer Privacy Act or the General Data Protection Regulation also have severe penalties for companies who do not meet the strict standards for security.
In today’s market that is highly competitive, a strong cybersecurity position is crucial to success. It’s more cost-effective to invest into preventative measures rather than pay for cleanup and recovery after the event of a security breach. With the right tools and technologies, enterprises can ensure their information is secure in transit, in the middle and in the middle, by implementing encryption by focussing on the human firewall and performing regular deep checks.