Gain these 5 Industry Advantages by Making Information Security a Priority in 2019
With new and highly evolved threats appearing daily, information security is becoming increasingly complex yet imperative. However, many businesses are still failing to take it seriously. A number of factors contributed to helping the discipline to mature, and today it has the official license to operate within both public and corporate sector environments. Today, information security is a basic component of core organizational and business enablers.
Information Security Business Benefits You Cannot Ignore
Where there are tons of benefits, there's a little room for error too. Information security is a sensitive matter, and if left insecure and vulnerable, it can lead to severe consequences. Naturally, better information security translates into better business but similarly, if there's a margin for negligence, the results can be distracting and costly. This brings the responsibility to the security specialists. In case information security has taken a back seat for your business or if it is still in the process of proper adaptation, the following benefits you can gain for your organization will surely put you on your toes.
Compliance with Information Security Standards
In some cases, organizations may also be subject to a number of information security standards. These include the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS), General Data Protection Regulation (GDPR), and the Gramm Leach Bliley Act (GLBA) amongst the rest. These standards or financial institution require certain compliance to ensure major standards are met to ensure the security of the customers' private data. With information security training, individuals have also updated on these standards and the best way to comply with the outlines. The key is to prepare the team to establish a strong security architecture that makes it simpler for them to meet such kinds of requirements.
Stronger System Architecture
A stronger information security system obviously leads to fewer security breaches. When data security is a top priority, any basic attack strategy tends to fail. However, this requires a proper understanding of your system architecture. Without awareness, you may not be able to pinpoint common cybersecurity gaps and vulnerabilities. This puts your business and your data asset at risk. Organizations, at this point, consider offering information security training to its security specialists. This keeps the team up to date about the growing threats and how to address them. Data security training also enables the team to further strengthen the organization's security architecture to eliminate the weaknesses and reduce the risk of breach drastically.
Prevent Loss of Business
Trust is the most crucial component of any business. If you fail to keep up with trust amongst your customers, you will eventually start losing them. Trust can be compromised if the business loses its reputation. In the case of a cybersecurity incident, which cannot be kept from the general public, there's a huge chance for business to lose the trust of its customers. The 2013 popular data breach incident involving Target had a huge impact on the company's reputation as well as its profits. The New York Times Report revealed a loss of more than 40% of the total profits in the 4th quarter of the year. While every organization may get a chance to recover, the instant and significant loss of business can take a toll on the growth and success of the business. Also, it may increase employee turnover, as the loss of trust can occur internally too.
Industry-Specific Regulations
Whether you are a large company or a small one, network or information security can keep your internal operations safely up and running. It also serves another major purpose of helping the organization comply with industry-specific, as well as government-established regulations.
Improved Employees Awareness
Security issues have become quite serious. It is important for organizations to increase the level of awareness among employees on information security. That's the best way to teach and prepare them to take several steps to minimize the risks associated with the threat. Organizations can educate their teams about data protection and offer training about how this needs to be done. With information security training, employees can implement the tried and tested methods to prevent the consequences the organization may face as a result of the breach.
It is high time that organizations consider exploring their options for information security before they are under attack. The best part is that taking proactive measures for data security doesn't have to be expensive. In fact, it can be more affordable than you think, especially with the list of training options you have now, you can look up to several different offer plans before picking up the most suitable that's designed to meet your specific set of requirements. To adjust the 2019 budgets that clearly state information security as a top priority on your list, get in touch with us today and let the professionals guide you.