Cybersecurity for digital transformation: A guide
Digital transformation is all about change, agility, connectivity and meeting today’s users’ expectations. And no matter what industry you’re in, it will play a huge role in the future of your business.
In the eyes of many, though, cybersecurity stands in the way of all this. But it’s still an essential part of your strategy. So, looking forward, you need to ensure you have robust policies in place. As well as a full understanding of cybersecurity’s role in the digital transformation of your business.
What do businesses want from digital transformation?
Almost two-thirds of CEOs have digital transformation at the centre of their corporate strategy, with the most popular objectives being to improve user experience and boost engagement.
Digital transformation also enhances your brand image and extends the reach of your company. It empowers your employees, aiding their decision-making and helping them to make more informed strategic decisions. So, what are your key objectives for digital transformation?
Because in the end, it’s these objective-focused strategies that succeed. Companies that are too focused on individual technologies fall at the first hurdle. But as you begin to consider your strategy and its objectives, it’s important to consider the potential problems with introducing new technologies. So, what are the cybersecurity risks of digital transformation?
Cybersecurity risks of digital transformation
With digital transformation comes significant change. And change brings risk. But many companies are too focused on the technology and its immediate benefits, ignoring the potential dangers. In the age of digital transformation, risk-taking is becoming the norm for many companies.
And ultimately, it’s small gaps in your security that end up causing you millions of pounds in damages. With global cybercrime damage costs set to hit $6 trillion by 2021. And IBM’s CEO citing cybercrime as the greatest threat to every company in the world!
But despite this huge threat, only three in every ten companies have a written set of cybersecurity policies. Making them an easy target for hackers and putting billions more at risk. So it’s essential that cybersecurity is involved in every part of your digital transformation strategy.
Cybersecurity in your digital transformation strategy
Digital transformation should be driven by a clear and focused strategy. With cybersecurity at the heart of everything. Because far too often, it’s just an afterthought to digital transformation. And trying to bolt-on security afterwards doesn’t just take longer. It ends up costing you more and puts your business at huge risk.
Instead, cybersecurity should be involved in your first conversations about digital transformation. Because no matter what technology you end up introducing to your business, security should always be the number one priority.
Having these conversations early on helps make sure everyone is on the same page. Cybersecurity is often a shared responsibility between IT, development and security teams. And different teams will have different goals when it comes to digital transformation. So you need a unified approach that balances the needs of your users and your business goals with your cybersecurity requirements.
But this isn’t limited to when you first implement your changes. It’s important you’re thinking of cybersecurity’s role beyond the initial implementation of new technologies. It’s this thinking is, after all, that separates simple digitisation from the digital transformation of your business.
The metrics you use to measure the success of your security strategy should encompass every aspect of your digital process. From your network to your software and hardware, and even your staff. And this should be regularly revisited with input from every one of your business’s stakeholders. Digital transformation never stops changing. Neither should your cybersecurity.
By embracing digital transformation, you’ll improve the user experience of every stakeholder in your business. But it’s important that you keep security at the front of your mind during those very first conversations about digital transformation.
Because with robust cybersecurity polices supporting an objective-focused digital strategy, you’ll be able to reap the benefits that digital transformation brings. Without risking the huge damage that attacks can cause to your business.
Interested in hearing industry leaders discuss subjects like this and sharing their use-cases? Attend the co-located IoT Tech Expo, Blockchain Expo, AI & Big Data Expo and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London and Amsterdam and explore the future of enterprise technology.
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