CXOToday has engaged in an exclusive interview with Wilfred Sigler, Managing Director, VAS – India & South Asia Markets, CRIF Solutions.
- How do Cybersecurity Risks impact businesses?
Cybersecurity risks can significantly harm businesses in various ways. One of the most significant impacts is a data breach, which can result in the loss of confidential information like customer data or intellectual property. This can often lead to substantial financial losses and potential legal consequences. Another area of concern is operational disruption. Cyber-attacks can halt operations, resulting in system downtime, revenue loss, and the need for significant resources to get systems back online. Additionally, these risks can harm a company’s reputation, leading to the loss of customer trust, which can adversely affect customer retention and acquisition.
Dealing with cyber threats can divert resources away from strategic growth and innovation. Therefore, cybersecurity is not just an IT issue but a crucial business concern. Companies need to invest adequately in cybersecurity measures to protect their operations, assets, and reputation.
- Is it possible to detect cyber risk in advance, before…
