To stay ahead of the curve, firms must prioritize security measures and manage data privacy before an attack occurs, rather than reacting afterward.
Businesses are under pressure to improve their cybersecurity strategy and demonstrate to their consumers that data protection is vital to their engagement strategy in today’s always-on, always-connected economy. Cyber-attacks are being cited as one of the major threats to the world as the global economy continues to digitize operations, supply chains, business transactions, and employee and customer services.
Why do businesses need to act?
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As more companies connect their operations with digital transformation projects, they are confronted with new and more complex threats that are broadening their attack surface. Cyber-attacks expose businesses and governments to compromised data, lost revenue due to downtime, reputational damage, and hefty regulatory fines, regardless of the industry or size of the organization.
Businesses and governments should modernize and automate their recovery and business continuity strategies, as well as use the latest intelligent tools to detect and defend against cyber threats, reduce business risk caused by cyber-attacks, and create a more cyber resilient approach to data protection. It’s already too late to respond to a cyber-attack in real-time. It’s about being proactive rather than reactive when it comes to risk management. It takes agility, meticulous alignment across the business, and testing to maintain awareness.
Defending against data and business loss that is catastrophic
Cybersecurity skills and a holistic strategy to resilience are required to protect an organization from the worst-case scenario of mission-critical data loss. True resilience requires a synergy of technology and business processes, and every arm of the company should understand where their most sensitive data and services are located, as well as the level of risk that surrounds them.
As a result, regular scans and analyses of the interior landscape are required to comprehend these changes and their consequences. Businesses that fail to recognize security as a major business impediment expose themselves to blind spots and vulnerabilities that can result in significant financial losses and reputational damage. Organizations should take a multi-pronged strategy to security to overcome the hurdles and engage their workforce.
It’s crucial that all employees understand why data security is so important at all levels, and how they can help keep data safe. Furthermore, as data grows at an exponential rate, it is critical to employ a number of data protection solutions, including continuous availability, replication, backup, and archives, in order to create a scalable data protection system. Businesses should also ensure that a healthy copy of business-critical data is kept in a secure environment and can be recovered in the event of a cyber-attack.
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With the advancement of digital transformation programs jeopardized and a sharp increase in data breaches across every industry, businesses are at a critical juncture where they can no longer rely on having the appropriate technologies in place that would protect them from a targeted, complicated attack.
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