Digital advances offer countless competitive advantages and can be a great equalizer for those they serve. However, organizations must consider the risks involved when generating a tidal wave of data and connections.
As businesses spend millions of dollars on developing strategic, long-term plans to digitize their processes, enhancing IT and cyber risk management functions should be at the forefront. In fact, 14 percent of C-suite executives indicate their organizations have no cyber threat defense plans.
Making cybersecurity a vital component of the transformation process and planning accordingly will protect your organization and safeguard the relationships and trust you’ve built with your customers and clients.
Here are four tips to help reduce risk as you embed technology across your business in 2023.
1. Transparency about the data life cycle
Understanding the benefits of data collection is a two-way street. Organizations that are transparent about the information they gather and how it can benefit their customers or clients are in a better position to keep their trust should a data breach occur.
This is just one in a series of progressive and interdependent steps of a…
