Cybersecurity: Protecting Your Digital Future

There are amazing advances being made in tech, and many of these innovations will directly benefit your business endeavors.

All businesses should continually be reinvesting in themselves, and this is especially true with most everything related to improvements made within the realms of technology, especially for cybersecurity.

In a recently published article entitled, “Securing Your Digital Future: Cyber Trust as Competitive Advantage,” author and expert, Dan Wellers, writes:

“The accepted wisdom in the cybersecurity field today is that there are two types of companies in the world: those that know they’ve been hacked, and those that don't. No enterprise is immune from cyber threats, and the list of big, scary data breaches continues to grow,” adding that the vast majority of companies in Europe (92 percent) have been hacked in the last five years, according to a recent survey by specialty insurer Lloyd’s of London. The average total cost of a breach is $4 million, according to a 2016 study by the Ponemon Institute.

“Yet, categorized as risk to avoid rather than opportunity to pursue, cybersecurity has never been a terribly sexy topic in the C-suite. It’s an added expense—and one that slows down efforts to leap ahead technologically.”

You need to be aware of your cyber security risks, able to assess which threats could actually affect your business goals and have the agility to deal with new threats as they arise. At the same time, advances in technology are enabling business ideas to flourish. In considering cyber security and the risks and opportunities it brings, your cyber risk management strategy needs to be at the heart of your business. Old security models are no longer appropriate.   

“In today’s age of rapidly developing transformational technologies, keeping on top of emerging security and privacy threats is more challenging—and more critical—than ever before. As companies collaborate with a wider network of partners and meet new demands for 24/7 operations and greater transparency with customers, cyber security risks multiply.”

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