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Why It Will Be Tougher to Do Business in the World of Tomorrow

The ability to keep data safe and the critical infrastructure secure is more important now than it has ever been. Crossing your fingers and hoping that your existing, traditional security architecture will suffice puts your organization in a vulnerable position. Often people think that a few security protocols and basic operational mechanisms are enough to combat digital threats. But as malware and attack methods have become more sophisticated, IT security and compliance systems must follow suit..

All organizations must prioritize protection of the company’s assets from unauthorized access and prevent unethical or unprofessional conduct that could easily slip through the cracks. Putting a good compliance and security program in place offers significant positive benefits for your business operations.

IT Security and IT Compliance are a twofold system that work in tandem if your organization is to reach its full potential. As one solution called IT Security and Compliance, it will enhance your asset management systems, streamline your IT operations and business processes, and perhaps even provide your employees with a better grasp of technology intelligence.

What You Need To Know About IT Security

Security is a basic concept that has been around for centuries, from basic survival to physical resource protection. In today’s society, IT security has become the new frontier. It is the practice of putting up defenses to protect information from unauthorized access, modification, disclosure, use or disposal. It is an organization’s responsibility to establish and maintain the authenticity of data that is created, sent or received.

Why the need for IT Security is increasing:

  • Decentralization of communications creates gaps in the system through which cyber attacks can happen.
  • The necessity to secure data integrity which is the backbone for business growth.
  • The need to organize the soaring amounts of data that are being created and transmitted from the company to its many shareholders, such as employees, business partners, and clients.
  • Utilizing trade secrets, research, and customer profiling for competitive advantage.

What lack of IT Security can cost you:

Per Ponemon Institute, in 2008, the average cost of an information breech is pegged at about $202 per record breached. For companies that are hacked for large quantities of data, the cost of a 100,000 record breach would be $20 million.

What You Need to Know About IT Compliance

If IT Security is about safety, then IT Compliance is about organization and the implementation of operational procedures. It is designed to minimize risk and monitor for potential breakdowns. It is keeping up with everyone in the corporation to ensure they act responsibly when it comes to data and information management.

Why IT Compliance is important to senior management:

  • Audits information.
  • Tests control systems.
  • Spots defective processes and problems.
  • Applies corrective measures to systems that are failing or committing errors.
  • Makes the process of information access more timely.

Challenges Addressed By IT Security and IT Compliance

Often business executives and managers shy away from investing in IT Security and Compliance programs because they are seen as expense-driven initiatives. However, if they look at the overall picture, they can see that the solution here can improve operations to make you a stronger, more resilient organization.

There are also challenges that the solution addresses:

Challenge 1: Competitive Decline – Companies evolve and adapt to the times or they fail. New services are created to meet consumer demand that had not been present in other times. As an example, in the health industry, there is a greater call for new digital service offerings like e-transcriptions, electronic medical records and e-prescriptions.

Response of IT Security and Compliance: Enhance competitive advantage by boosting company reputation, service integrity, and customer loyalty.

Challenge 2:  Decentralized Approach – Different project teams, mobile employees, and the increasing influx of communications can lead to a communications breakdown because of the simple lack of organization. People may be working hard, but not efficiently. They may not even be on the same page. Red tape develops because of the lack of coordination. Ambiguous messages can leave work undone or performed incorrectly. Response times can slow down if the message does not reach the right person in time.

Response of IT Security and Compliance: A more systematic operational workflow that can help pull your disparate team members into one specialized, focused, efficient, and functioning unit. Accountability is also rigorously implemented, which causes the staff to improve their performance.

Challenge 3: Delayed External Threat Response: Disorganized systems, compounded by online attacks, can create a delay in quality response. This downtime can deter smart decision-making, puts tasks on hold, makes customers wait in dissatisfaction, and can hamper inefficiency as well as the company’s reputation.

Response of IT Security and Compliance:  Organizations are able to detect, respond to and prevent attacks. They gain valuable insight and information that come in handy during consultation meetings and decision-making. High-risk issues are flagged and addressed. Employees can leverage a dashboard platform that can put them on the same page. Everyone in the project will become aware of progress in meeting deadlines, the fulfillment of tasks, and the current status of each team member.

Addressing the Bottom Line

Adopters of IT Security and Compliance systems are able to stay ahead of emerging threats brought about by the advancements in technology. They are able to strengthen their robustness and increase their longevity, growth and sustainability.

Employees will have a better understanding of the various risks and be able to proactively develop tools for effective IT risk management. These software interventions emphasize to members of your internal team the importance of maximizing resources to promote continuous improvement. From a customer’s perspective, better security systems equate to professional credibility that will help improve your organization’s reputation.

You can run your business with confidence knowing your structure and customer integrity will remain intact.