Transforming the business for digitization requires a defined focus on process, technology, and culture.
Changing market dynamics make it necessary to constantly customized cybersecurity strategies. Like walking on shifting sands in changing times, keeping cybersecurity strategy as the priority while going through significant business transformations, requires both strength and balance.
Marketing, sales, supply chain, and customer success all shift to a highly customized model for the client with the perfect mix of changes. Supporting this growth demands remaking the technology stack, opening up data to be used beyond just an inner circle to create a culture of agile processes. This alters the risk models that businesses rely on to safeguard the brand, data, and assets, and match up the legal standards.
Trust forms the heart of digital transformation. Trust is a currency widely used to measure risk. This concept is crucial for entities handling digital transformation and the cultural changes that have spurred the transformation.
Changing Cybersecurity Strategy to Aid Digital Transformation
In the past, cybersecurity strategies have been about stopping external threats in an extremely reactive pattern to safeguard assets that could cause financial damage at any point. Doing business online transforms and expands the surface area of attack. This multiplies risks and could even jeopardize a growing brand image.
Meanwhile, acquisitions and mergers could involve more digital vulnerabilities and risks. These are just a small part of modern business. Still, if one fails to fully understand the cybersecurity strategy of the target company, they may be putting their business at risk.
The partners and clients have clear access to elements of the systems through developer application programming interfaces, apps, and other tools. This could open the door for insider threats in case it is not appropriately managed.
Therefore, one should actively manage access risks associated with digital transformation at every layer to maintain an enhanced degree of trust in the organization.
This shift in cyber risk can change how one defines a sustainable security posture. The measure of success for the security team will remain two-fold – the team will function based on a comprehensive robust cybersecurity strategy while supporting innovation and creativity across the group.
Measuring and Managing the Risk to Build Trust
It is vital to know that the fine line between collaboration for innovation and security controls could create the risks that impact every business decision. Many organizations don’t have any explicit quantification and measurement for the risk. They lack the context needed to make quick security decisions that will allow them to instill trust in their services, processes, and business.
Read More: Can Encryption Boost Data Security
Once businesses and other associated entities understand their risks, the next step is to reinvent and re-engineer their approach so that trust is baked into each connection. The best way to achieve this is by having a robust cybersecurity strategy where trust is truly based on the context of the action at hand.
Zero Trust strategy is vital to assure the integrity of every connection involved in and throughout the business. It’s a vast concept with immense scope, covering controls that cross devices, users, networks, applications, and data.