Why High-Tech Firms Require Robust Cyber Security
High-tech firms globally are undergoing a disruptive phase, as there has been a significant shift in the global economy with unique business models to accelerate innovation and bring agility to business processes. High-tech firms have to differentiate themselves from the competition to align with customer needs and generate better business results and revenue. With these pressing needs, Hi-tech firms are joining the digital ecosystems by using Big Data and Artificial Intelligence to gain deeper insights into customer needs and explore new market segments.
With the influx of digital technologies, automation within organizations is surging, which increases the opportunity to enhance customer engagement, significantly impacting High-tech supply chains and manufacturing practices by using Advanced Analytics. However, with the initiation of the digital age, there is a pressing need for cybersecurity, as these new technologies are exposed to undiscovered vulnerabilities. A lot of sensitive data is at risk, and it requires various aspects of cybersecurity to be implemented in the high-tech industry to keep vital information secure and protected.
Growing Cybercrimes
Enterprises are hyper vulnerable to cyberthreats and cybercriminals, as there are various touchpoints in the technical processes, which include devices, equipments, and connected devices to the network. These devices act as a gateway for cybercriminals to enter into the network. With optimum cyber defence mechanisms, enterprises can get access to maximum protection, be compliant, use encryption and identity, and access management solutions to ensure that only the employees can get into the network.
Regulation frameworks like General Data Protection Regulation (GDPR) include customer concerns about privacy, data usage, and help companies to reduce system failures and massive penalties from government regulators. By equipping a cybersecurity team and ensuring privacy and security standards, it also maximizes customer’s trust on the brand and on the business’ products and services. As high-tech companies are becoming data-oriented, encryption is becoming a necessity, as it provides a high level of protection and mitigates risk effectively.
Overcoming the Challenges
The High-tech industry needs to deal with cyber crimes with adequate resources and secure enterprise networks by having an end-to-end approach, which includes progress through growth and focus on various conditions of modern cyber crimes. High-tech firms require training and certification workshops for their employees to enable cybersecurity awareness, integrated security solutions, secured value chain by ensuring vendors and service integrators are equipped with the latest cybersecurity measures and hire specialized service providers specializing in security solutions to ensure maximum safety in the enterprise.
Focus Areas
High-tech firms need to be ready with cyber defense mechanisms and use progressive technologies to save the enterprise and infrastructure. The areas of focus include network segregation, threat intelligence, and advanced threat protection, which includes to provide better security of sensitive data by restricting access between network segments and making sure that the impact is limited to incidents by slowing down attack.
Advanced threat protection includes safeguarding sensitive data, real-time visibility, and ensure that their response is quick in case of an attack. Advanced attacks require immediate support to ensure that the impact is least. The focus areas of cybersecurity require to be network segregation, deception technologies, DevOps, user and entity behavior analytics, cloud access, and security orchestration with automation responses.
Modern Security Perspective
Organizations require to have a partnership with security companies to become secure and imbibe the foundation of cybersecurity from the early stage of the business life cycle. The focus of an enterprise needs to be around a secure platform solution based on security and design principles to embed security perimeter, defense mechanisms, and ensure to provide visibility to clients. Companies need to create detailed dashboards that follow industry standards, policies, and processes to quarantine threats and vulnerabilities. Such security approaches make sure to take care of today’s needs, anticipate tomorrow’s requirements, and act rapidly in the ever-changing business environment with technological advancements.
The global cybersecurity trends include privacy and personal data protection of users, Artificial Intelligence for real-time predictive instances, use of Blockchain in developing security solutions, deception technologies in IoT and IIoT, automation in implementing cybersecurity, and the emergence of new business models including cyber insurance.
Way Forward
The high-tech industry is undergoing a tectonic shift, as digital transformation is disrupting consumer experience, manufacturing processes, and business models. In such a scenario, cybersecurity plays a vital role in defining business goodwill and ensure the trust of customers. Enterprises require to ensure that all stakeholders understand cybersecurity measures from initiation to execution phase and empower teams with tools and processes. Cybersecurity should be an integral part of the business life cycle covering each phase, including design, prototyping, development, scaling, and building a holistic defense mechanism to ensure the protection of information and digital assets. It can be challenging for enterprises if there is no proper systems and processes. It includes a culture shift, support from senior leadership, educating employees and enterprises that can mitigate the risk of financial loss, damaged reputation, and loss of customer trust. An effective cybersecurity program enables High-tech firms with detailed digital plans for benefits and transform them to ensure maximum productivity and safety.
