Business leaders in today’s digital world are painfully aware of the risks that a malware infection, phishing attacks, denial of service, data breach, or even insider threats pose to their business. It’s mind boggling to try to grasp how an organization might protect itself from any one of these types of events, much less all of them. This is why the conversation extends beyond the security team, and into the boardroom.
The security of all business assets should be considered a business risk and not just a technology risk. Cyber threats and attacks can have serious consequences that go beyond just the technology aspect of a company. A security breach can affect a company’s reputation, financial stability, legal liabilities, and overall business operations.
A data breach of any type can result in the loss of confidential and sensitive data, which could lead to financial losses and damage to the company’s reputation. This could also result in legal liabilities, such as lawsuits or regulatory penalties. A cyber attack can impact a company’s ability to function, as it may disrupt business operations and cause downtime, leading to a loss of productivity and revenue.
IT security must be viewed as a business risk because it has the potential to affect the entire organization, not just the technology infrastructure. It is essential to implement proper risk management strategies to identify, assess, and mitigate potential security risks and ensure that cybersecurity is integrated into the overall business strategy.
If your organization would like to engage the experts at NETRIO to discuss how you can better protect your organization, don’t hesitate to reach out to us today to schedule a consultation.