Cybercrime is just like quicksilver. It is unpredictable and criminals move forward by finding new ways to attack businesses. The risk grows and adhering to cyber security standards is important for business growth in the ever-changing technological era. It is getting more interesting to see how the cost of managing risk is converting into an investment than an expense. Companies are improving their online presence by investing in a good and reliable security testing company. Stakeholders of every business are now calculating the cyber security profit of their business before deciding to work with that business. Security concerns have evolved a great deal becoming an important component that grows revenue and unlocks new ways for business expansion.
Cyber security is so important in the current digital age, that enterprise evaluation, investment opportunity, and other critical goals depend on an enterprise’s ability to secure its networks and systems efficiently.
Who is Responsible for Risk Management?
It doesn’t only matter what enterprises are doing to enhance security, but who is making the decisions is also shifting. CTOs, CISO, and CEOs are not the only stakeholders who are involved in cyber decisions, but the security buyers also have major concerns with respect to a company’s security.
Businesses are making major choices on using various frameworks, security testing activities and vendor selections to enable the success of their products in the market. Companies have also changed their cloud migration strategies to comply with the latest security initiatives.
Strengthening Cyber Security and Business Integrity
Whether a business offers a product or service, security is a necessity to sustain in the market. Earlier, cyber security costs had negative impacts on businesses, but time has proven these measures improve business revenue in numerous ways. This is why all businesses, whether startups or well-established enterprises are looking for the right software testing companies.
-
New Market Requirement
There are several markets where buyers require proof that a business is secure from all aspects. For instance, the federal government is the largest consumer of cloud services. Companies that comply with the Federal Risk and Management Program (FedRAMP) can gain the opportunity to provide their services to the federal government.
-
Contractual Requirement:
customer s demand proof of a product’s or service’s security within their contract terms. For instance, a large medical university is required to conduct penetration testing, they should comply with the regulations. These compliance terms can be shared with the party on the basis of their contract. Similarly, other businesses can display their framework demonstrations, if required.
-
Secure Solutions Requirement:
Today’s tech-savvy customers expect that their solutions are more secure than ever. Companies build secure and comply with solutions early, rather than waiting for a customer to demand it when signing a contract.
Conclusion
The recent and increasing cyber-crime rate has made all consumers conscious about the security of the products and services they purchase. Thus, making it important for all enterprises to hire a security testing company that ensures compliance with security standards and regulations. The article describes how important cyber security profile is to enhance company revenue and growth prospects.
