A new mindset: Viewing cyber as an enabler of business growth and innovation driver paid Deloitte
To put it into perspective, the cost of financing a cyberattack is only US$34, while the cost to the business affected is much greater, reaching upwards of millions of dollars. The financial implications can be staggering, yet businesses view cyber just as an IT issue. This has prevented organizations from realizing the untapped potential a robust cyber program can offer, halting the innovation it can enable to achieve business objectives.
The survey results also show that there is still a hesitancy around cyber. Even though “cybersecurity vulnerabilities” consistently rank as a top concern among business executives, this hesitation is stopping the pursuit of connected initiatives, such as AI-based programs, perpetuating a vicious cycle that is stifling progress and innovation. The current cycle shows that businesses believe that pursuing connected technologies opens the door to new cyber vulnerabilities.
Examples of how cyber has permeated the corporate and business landscape are endless. There is no industry or type of organization exempt from the cyber revolution. From financial institutions managing personal customer information to healthcare systems implementing smart technologies into patient care, organizations of all kinds must make cyber a priority to protect itself and its customers, differentiate from the competition and keep up with the pace of technology.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You don't need a new computer, here's how to keep your old one running like newYour computer might feel slow for a number of reasons. Maybe its hard drive is full, or you haven't cleaned out the fan vents. Here's how to get an old computer running like new again.
Read more »
All the New Food Coming to Walt Disney WorldCook like a rat, eat like a princess, drink like a Jedi — here’s all the food news from Disney’s D23 Expo
Read more »
Harvey Weinstein pleads not guilty to two new charges of predatory sexual assaultAsked by the judge if he wants to go to trial, Weinstein's answer of 'not really' brought laughs from the courtroom audience.
Read more »
Joe Biden touts electability amid verbal stumbles in important New HampshireDemocratic presidential front-runner Joe Biden came to New Hampshire this weekend drawing contrasts to his rivals and touting himself as the candidate best positioned to beat President Donald Trump in November 2020. Biden crisscrossed the state on four different campaign stops from Hanover to Keene
Read more »
At SFO, Terminal 1 has new food, drink, retail and soon a Grand HyattHeading to or through San Francisco International Airport soon? Good news: SFO has completed the first phase of a Terminal 1 redevelopment, giving travelers bright, airy spaces and new restaurants and retail spaces. A Grand Hyatt hotel will open soon.
Read more »
Manhunt on for suspects in $4 million New York City jewelry store robberyA manhunt for a threesome of armed robbers stretched into its second day on Monday after they brazenly held up a jewelry store in the middle of New York City's Diamond District and made off with high-end watches, gold rings, necklaces and other sparkly ornaments, but left behind shelves lined with
Read more »