Smart Investments and Strong Data Security

You may think of stocks, real estate or the most up-to-date technology startups when you think of smart investments. However, there is another kind of investment that pays both in the immediate and the long-term: cybersecurity. This crucial investment protects businesses from costly cyberattacks, and can help them avoid costly fines and the loss of trust from customers.

As digital transformation transforms the business processes of companies, they generate and manage an ever-growing amount of information. The data needs to be handled across complex computing environments. These environments include cloud as well as enterprise data centers and a range of connected devices such as Internet of Things sensors and robotics. This complexity adds greater attack surface, which makes crucial information more susceptible to compromise and loss.

In addition to the financial costs Data breaches can harm the image of a business and result in long-term loss in sales. Recent research found that the cost for a data secure file sharing for m&a the best solutions breach was around $4 million. This is a massive 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 fail to adhere to the highest security standards.

In today’s highly competitive market having a solid cybersecurity strategy is essential to achieving growth. A pound of prevention is worth a pound cure, and it’s more economical to invest in preventative measures instead of having to pay for cleanup and recovery after an incident. By implementing the proper technology and tools, companies can ensure their information is secure while in transit, in the middle and in the middle with the help of encryption, focusing on the human firewall and conducting regular deep-checks.

Written by Roberto Contreras