In this post you will learn what companies should do in terms of cyber protection to advance without risks.

  • More than a third of companies have been forced to put the brakes on their digital transformation plans due to security risks.
  • Cybersecurity training is essential for a company to move forward in its transformation.

TWEET IT! Did you know that the greater the digital transformation of a company, the more attractive it becomes for a cybercriminal? Write down the keys to successful cyber protection.

Massive data leaks or their encryption in companies raise awareness that cyber protection, whether of computer equipment or mobile phones, is essential for the future of any organization .

The size of the organization does not matter. It does not matter if it is self-employed, SMEs or large companies. In all cases there are data that, to a greater or lesser extent, are desirable for someone. All this has generated an important challenge for companies: to advance in their digital transformation, but without neglecting the cyber protection of the organization.

The pandemic and the beginning of digitization

The benefits of digitization are clear. A study by Capgemini and MIT reveals that organizations that embrace digital transformation outperform their competitors in:

  • Cost effectiveness
  • Income
  • Market value

However, despite these benefits, the biggest risk for many organizations may not be losing ground in the marketplace. Rather lose money, valuable data, and customer trust to a cyberattack that could have been prevented .

Likewise, a survey conducted by Javelin shows that more than a third of organizations have been forced to put the brakes on digital transformation plans due to risks related to cybersecurity . The pandemic marked a before and after in this problem. The rise of remote work starting in March 2020 has caused a 148% increase in ransomware attacks.

Cybercriminals intensified their attacks as the pandemic progressed, turning their attention to larger targets. Such as large companies, government organizations and healthcare groups, especially.

Objective: digital transformation

Likewise, according to a study by McKinsey & Company, the pandemic accelerated the adoption of digital technology for customer interactions, supply chain interactions and internal operations by three to four years. Meanwhile, consumers are three times more likely now than they were before the pandemic to say that at least 80% of their interactions with customers are digital.

To remain competitive in a world as changing as the current one, the adoption of digital technologies is a safe bet. Unplanned digitization initiatives bring with them a higher probability of cyberattacks . Something that most companies are already working on.

The pandemic accelerated the adoption of digital technology by three to four years.

Keys to successful cyber protection

1. Cybersecurity training

From ransomware attacks to data breaches, the costs associated with cyber events can be high. The average is 8 million dollars .

Organizations should develop a solid understanding of cybersecurity fundamentals. Business leaders can take quick and immediate action to prepare their organizations for a cybersecurity foundation that better protects against cyberthreats.

2. Reduce risk through fraud awareness

Prevention begins with awareness. Business managers should strive to educate themselves and their teams on the most common threats. And how these schemes work.

3. Establish a cyber protection protocol

Even conscientious organizations should frequently review their approach and ensure that all employees follow established protocol. The essential elements of cybersecurity include:

  • Ensure software update and antivirus protection on company-provided devices.
  • Require strong and frequently updated passwords.
  • Turn on multi-factor authentication when available.
  • Teach employees how to protect company devices, especially when working remotely or on the road.

4. Recognize the impact of remote work

Before the pandemic, few organizations were prepared for an abrupt shift to remote work. Therefore, its current cybersecurity plans reflect these limitations. With 82% of employers committed to making remote work a permanent offering, it is crucial that business leaders are equipped to address the top cybersecurity challenges associated with a remote workforce.

5. Take proactive steps to reduce risk

When organizations undergo rapid transformation, they often become attractive targets for threat actors. As business leaders increase their investment in digitization technologies, they should also invest heavily in measures designed to mitigate the risk of a cyber event and reduce potential losses.

6. Create a data breach response plan

Research has shown that the longer an organization takes to react to a data breach, the worse the collateral and financial damage. The most valuable asset against a cyber attack is for an organization to develop a data breach response plan and update it regularly. Likewise, the organization’s data collection and protection policies must be clearly defined and established for all business units and leaders.

Although technology accounts for 80% of the work carried out in a company, the important thing is how it is used. Keep in mind that it is the workers who provide the added value. Therefore, if the training starts from the base, that is, from the employees themselves, the company will be able to advance with its digital transformation and ensure the protection of its data.