In the current ‘digital-first’ environment that organizations and businesses operate nowadays, success and failure can often depend on enterprise security solutions. Businesses operate in an environment where the threats from the digital sphere can often outweigh the threats from a physical sphere. The list of threats is huge and ever-expanding – malware, phishing, ransomware, cryptojacking, data breach, hacks, financial fraud, password loss and a lot more.
Neglecting cybersecurity has both financial and reputational damages. A study estimated that the average cost of a data breach rose 12% over the last few years to a staggering $3.92 million. And as some of the biggest organizations in the world like Equifax, Marriott International and Yahoo realized, threats have repercussions on brand value as well, affecting customer trust and reputation in a way that may not be possible to value monetarily but certainly leave a lasting impact.
That is why an increasing amount of organizations are waking up to the fact that enterprise security is no longer just an investment – it is a necessity and a requirement in today’s day and age.
Global research and advisory firm Gartner estimated that worldwide information security spending would exceed $124 billion in 2019.
How does treating enterprise security help benefit an organization? There are many ways but some of the most important ones are:
- Your data is substantially safer
No organization is completely safe – cybersecurity is one of those sectors where every second, there are new threats to the organization. Such an environment demands to have a strong enterprise security framework to keep organizations safe.
Most cybercriminals use basic tools and strategies which are already identified and blocked by most enterprise security solutions helping your data, your businesses and your employees stay safe from cybercrimes. In fact, Seqrite’s range of enterprise security solutions allows administrators to see the number of breach attempts and different cyber threats repelled to understand how the enterprise is staying better protected.
- Helps to meet compliance and regulatory requirements
For any organization operating in the digital world, there are various regulations, depending on where the enterprise is operating from and which countries its customers are based in, that one needs to comply to.
Non-compliance with these regulations (GDPR, HIPAA, PCI DSS, etc.) can result in hefty fines – in extreme cases even destroy businesses. But enterprises who have utilized a cybersecurity solution will be in a much better position to meet compliance and regulatory requirements.
- Build cyber trust
The impact of cyber attacks can be disastrous – affected reputation, decrease in customer base, legal liabilities etc. are all by-products that can undo the great work done by SMBs, SOHOs & enterprises and possibly floor these businesses.
Enterprises need to work hard to avoid this kind of a situation and win the trust of their users and stakeholders by ensuring them that they are taking the best possible measures to keep data safe. Once stakeholders and customers are convinced that the organization they are interacting with and entrusting with for their valuable data are serious about keeping it safe with the help of enterprise security, it helps to build trust and can be a key differentiator in customer loyalty.
- Preventing the loss of business
An enterprise that suffers a data breach or cyber attack suffers a loss in business. Client data is compromised, confidential data may be leaked and the data, if backed up, may take months to recover. In the worst-case scenario, if data is not backed up, it may be irretrievable.
All these contribute to a major loss of business for an enterprise which they can avoid to a certain extent by investing in an enterprise security framework.
Organizations can consider solutions like Seqrite’s Endpoint Security, a simple and comprehensive platform to protect enterprise networks from advanced threats, and Unified Threat Management, a one-stop solution for all enterprise security needs.