streamline collaboration with an efficient data room setup
You may think of real estate, stocks or the most up-to-date technology startups when you think of smart investments. However, there’s a different type of investment that offers both in the immediate and the long-term cybersecurity. This investment is essential to protect businesses from costly cyberattacks, and it helps them avoid costly fines and losing the trust of their customers.
As digital transformation transforms business operations, businesses are creating, modifying and storing an ever-growing volume of data that must be managed effectively across complex computing environments. These environments are routinely spanning cloud and enterprise data centers as well as a host of connected devices, including Internet of Things sensors and robots. This complexity adds greater risk of attack, making it harder to protect important information from compromise and loss.
In addition to the financial burdens of data breaches, they could affect a company’s reputation and cause long-term losses in sales. Recent research found that the cost for an incident involving data was $4 million. This is a huge impact on any business. In addition, regulations such as the California Consumer Privacy Act and the General Data Protection Regulation impose harsh penalties on companies who do not meet the strictest security standards.
In today’s highly competitive marketplace having a solid cybersecurity posture is crucial to success. A preventative pound is worth a pound of cure, and it’s more economical to invest in preventative measures instead of the cost of cleaning up and recovering following an incident. With the right tools and technology, companies can ensure that their data is safe in transit, rest and in the middle. This includes installing encryption, focusing the human firewall, and conducting regular deep-checks.