Five Smart Ways To Protect Your Business From Cyber Attacks
Establish a cyber culture, says Deloitte Private technology leader
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When it comes to scaling in the current economic environment, companies are focusing on emerging technologies. This, however, is putting them at an increased risk of cyber attacks. A report by Deloitte says information security is currently the number one trend affecting business, the workforce, and customers.
Almost 40 per cent of private businesses state that managing cyber-security and information security risks will be the top investment priority over the next 12 months, says the report, "Technology in the mid-market: Embracing technology", which was published in August. About half of the 500 surveyed said they plan to use blockchain to store/secure digital records and provide control of both data and assets.
Over the past few years, cyber attacks have been increasing at an alarming rate. A recent Frost & Sullivan study says the potential economic loss across large-sized organizations in Asia Pacific due to cyber-security incidents can hit a staggering US$30 million.
What can companies do to secure themselves? Chris Jackson, senior manager at Deloitte Consulting LLP, Deloitte Private technology leader, and author of the August report, has the answer.