When you think about smart investments, you could think of stocks, real estate or the newest technology startups. However, there’s a different kind of investment that pays both immediate and long-term benefits cybersecurity. This investment is essential to protect businesses from costly cyberattacks, and also helps companies avoid costly fines and losing the trust of their customers.

As digital transformation transforms the business processes of companies, they generate, manipulate and store an ever-increasing volume of data. This data must be handled across complex computing environments. These environments include cloud as well as enterprise data centers and a myriad of connected devices such as Internet of Things sensors and robotics. This increased complexity results in a greater attack surface and makes it harder to secure critical information from loss and compromise.

In addition to the financial burdens of data breaches, they could also affect a company’s image and lead to long-term sales losses. Recent research revealed that the cost for an incident involving data was $4 million. This is a significant impact on any organization. In addition, regulations such as the California Consumer Privacy Act and the General Data Protection Regulation impose severe penalties on companies that fail to meet the strict security requirements.

In today’s world of competitiveness security is a must. is vital to growth. A preventative pound is worth a pound cure, and it’s more efficient to invest in preventative measures rather than paying for cleanup and recovery following a breach. With the right tools and technology, enterprises can ensure that their information is safe in transit, rest, and in the middle. This includes creating encryption, focusing on the human firewall, and conducting regular deep-checks.

m&a tools for comprehensive market analysis and competitor research