Why should you prioritize cyber security in digital transformation?
Security is regaining priority in digital strategies as businesses adapt to an increase in remote working due to COVID-19. Cybersecurity has become the top technology priority for digital transformation projects. In today’s world, the efficiency in embracing new technologies defines a company’s competitiveness. As businesses go remote, many businesses have transferred their data to the cloud, to add value to themselves and their customers.
Over two years since the pandemic struck, many companies have fallen prey to malicious attackers on the cloud. An incident of cyber-attack is capable of disrupting the company’s strategy of transformation and development. It is critical to ensure continuity of the company’s processes while providing a tight security net to its data.
Here are a few reasons why you should prioritize cybersecurity in digital transformation:
1. Concerns over the security of digital assets: Moving to remote work was a revelation in itself for businesses. Companies were confronted with a lot of challenges and risks. More than 1.1 million cyber-attacks were reported across India in 2020 as per a study by data platform Statista. Managing a detailed inventory of digital assets and ensuring their protection is not an easy task. Any security leak might disrupt the company’s daily operations. To avoid that, the digital assets need to be accounted for and secure.
2. Security concerns on the cloud: Moving to the cloud offers companies significant flexibility as well as potential security benefits. Still, there are certain challenges, most commonly when a company becomes dependent on only one cloud service provider. Businesses must have a deep understanding of how their company is using and securing the cloud. It is important to learn in advance what solutions and formats are utilized by the supplier, as well as their compatibility with formats by other vendors, and to assess the cybersecurity level of this supplier. A DTO can arrange this internally or hire third-party IT experts for help.
3. Cyber-incidents due to human mistakes: Significant benefits are offered as humans are involved in digital transformation. But this mustn’t prevent us from neglecting the cyber-incidents that can take place due to human mistakes or lack of expertise. It is therefore pertinent to developing skills through training, to operate new technologies securely.
4. To ensure business continuity: To avoid business disruption, new ways to cyber-incident management must be developed. Regular assessment of the incident response plans, regular crisis-management training for all members, including the board can be followed.
Digital transformation is a challenging but manageable task. Cyber security must be given priority in the digital transformation process to ensure that the business adapts to the change in technology, without compromising on security. This will facilitate a secure digital transformation and stable development for the business for years to come.