Digital business transformation and cyber security are attracting a lot of interest in business circles. In recent years, digital technology has advanced incredibly and dramatically changed the way we do business, education and many other sectors. It has forever redesigned and accelerated the way every company does business. However, unlimited possibilities have necessitated the development of various protection mechanisms.
Unfortunately, we are increasingly witnessing the abuse of technology. As a result, companies are exposed to increasingly complicated security challenges. The solution is to invest in security techniques, devices and the entire system. This is the only way to deal with all the digital threats that await them, and you can read more about it in the rest of the text.
What is digital transformation?
To begin with, you should clearly distinguish between misconceptions about digital transformation and true information. So, it is connected with the use of new technology, but it is much more than that. Technology is just one aspect to consider. The real success comes from what the company really does with this technology or digital transformation. In order to compete in the digital economy, large, traditional companies must operate completely differently than in the past, more skilfully and more engaged.
In the past, large companies have become more successful by building internal resources and capabilities. They used a wide range of mechanisms to prevent information from being wasted outside the company. The current functional requirements that companies must adopt relate to the number of people, the structure of teams and departments, connectivity and democratization. A well-implemented digital transformation leads not only to new services and products but also to new customers. In order for the result to be successful, it is necessary to accept change and invest in the future of business.
In today’s environment, smart technology is all around us, but don’t forget one important fact. Cytelligence reminds you that smarter technology also brings us smarter attackers, a greater threat to companies around the world. Businesses are adapting to the new digital age, which is why cloud technology is an indispensable part of every business. Every good way of doing business is based on that, because that is the foundation for successful digitalization.
Such companies are always more productive and innovative compared to their competitors. An appropriate digital strategy is the only real answer to the modern challenges we face every day. Especially today when we are both private and business online and when we have more and more connected devices online. Companies need to invest in online security, as well as in the technologies used for that purpose.
How to determine the budget for protection against digital attacks?
Companies have unique operational requirements. However, it is desirable to increase the IT budget in order to be able to cope with various factors such as digital transformation and the economy. These factors are prone to frequent changes, so reconsider your budget to stay safe. You will be able to identify an adequate level of spending if you consider the risks you are willing to accept. Cyber security should be an imperative in every industry.
This attitude of the company does not require an infinite budget. You need to find the right framework for efficient budget allocation for cyber security. To understand your organization’s business landscape and devise a budget, use a program with strong measurement and KPIs. This will help you determine if you are spending your budget efficiently. Also consider the cost of different resources. Building an efficient cybersecurity budget is not an easy process, as it involves many different factors and external influences that need to be considered.
How much money should a company spend on security?
Although security spending varies by industry, geography, and business policy, strict requirements must regulate it. Organizations that spend a minimal amount of money on security obviously ignore the problem or have graduation IT programs. If you want to minimize incidents and reduce unforeseen costs, set aside 10-14 percent of your total IT budget.
If this seems too much to you, we recommend that you reconsider your security options and attitude, as well as today’s advanced threats. You can also consult with IT experts who will provide you with a more detailed explanation and analyze the IT structure you are using. With the right security measures, your company is able to respond quickly to all types of threats, because you will have advanced security features.
How can a company protect sensitive data?
If you want to achieve maximum security, it is not enough to invest money but to choose the right technology. It is equally important to train your employees in familiarizing them with the use of different devices, as well as risky behavior on the Internet. Backup software comes first. Although not as easy to understand and configure as other storage options. This greatly compensates for automation, helps you better manage your data, or uses data encryption services.
It is an additional protection against cybercrime. All copied data should be stored in a remote location or in the cloud, because it is the safest way to do business. It is also very easy to use, because the data is always available to you and you can access it with one click. Of course, the prerequisite is an internet collection. Whenever you want, you can access data from different devices if you sync accounts. Regardless of the life of the hard disk, the data will always remain in the same place, available to you.
The process of digital transformation has affected everyone, but one of the biggest changes has been business models in various industries. Thanks to the Internet, you can try different business methods. The great news is that these changes are getting better every year, because technology is constantly evolving.
In such circumstances, companies are forced to adapt faster. If you want to achieve a successful result, you should think about how much you really invest in your company. This is especially true for the security sector, as it is a priority in every business.