In recent years the world has considerably evolved, with organizations increasingly adopting digital initiatives, like Cloud, IoT, Big Data, Artificial Intelligence and Machine Learning. And the Covid-19 pandemic has forced organizations to accelerate the adoption of those initiatives. This process, called digital transformation, has impacted from startups to global consolidated enterprises in all corners of the globe.
It is important to mention that this process can be considered more than a trend, it is a business imperative for companies to remain agile, productive, and competitive as the world becomes more digital. A study from SMB Group has indicated that Small and Medium Businesses (SMEs) that invest in digital transformation initiatives are almost 2 times more likely to increase their revenue. However, the risk involved for companies adopting a digital culture is considerably higher than those that still use manual processes and tools. This is mainly because of the increasing number of cyberattacks.
Cybersecurity has been in the spotlight for several years. According to a study from Ponemon, 82% of IT security and C-level executives have experienced at least one data breach when implementing new technologies, including those associated with the digital transformation process. This indicates the need for organizations to properly prepare, respond and recover from cyber attacks, which is called cyber resilience. This ensures that organizations are able to reduce the impact of an incident and ensure that they can continue to operate. And with cybersecurity risks increasingly associated with business risks, cyber resilience is an effective way to achieve enterprise resilience.
Enjoy this Cyber Notes Cast episode!