Cybersecurity: An Untapped Competitive Advantage Hiding In Plain Sight
In this Forbes Tech Council article, cybersecurity is reframed as more than just defense. The piece highlights how strong security practices can serve as a competitive advantage, helping businesses build customer trust, support innovation, and stand out in crowded markets. Contact PRIVAXI to learn how you can make cybersecurity a driver of growth for your business.
Why is cybersecurity considered a competitive advantage?
Cybersecurity is more than just a compliance obligation; it serves as a competitive advantage. Organizations that proactively invest in cybersecurity can differentiate themselves by demonstrating trustworthiness to customers and investors. Strong cybersecurity practices not only protect against breaches but also signal operational maturity and reliability, which are crucial for winning contracts, especially with larger enterprises.
How does cybersecurity impact financial performance?
A mature incident response program can save organizations significant amounts of money. For instance, companies with such programs saved an average of $2.2 million per breach compared to their peers. By investing in cybersecurity, businesses can reduce the financial impact of incidents and avoid costly regulatory penalties, ultimately keeping more money within the organization.
What role does cybersecurity play in compliance?
Effective cybersecurity acts as a safeguard against compliance violations. With regulatory frameworks becoming stricter, such as GDPR and HIPAA, having robust cybersecurity measures in place helps organizations avoid hefty fines and legal repercussions. It ensures that businesses are not only compliant but also prepared to manage risks associated with data protection and privacy.
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Cybersecurity: An Untapped Competitive Advantage Hiding In Plain Sight
published by PRIVAXI
Our Mission:
A Managed Security Services Provider, a Compliance Firm, and a Risk Management/Readiness and Remediation Assessor – All Under One Roof.
Looking for a comprehensive solution to your security and compliance needs? That’s why we created Privaxi. There was a gap in the market, and we filled it. Privaxi isn’t just a managed security service provider or a compliance firm. Our firm bridges the divide between information security practices and regulatory compliance. Many firms offer information security services, while others provide compliance-related solutions.
We integrate both, providing security and compliance-related services, and we’re a HITRUST Readiness and Remediation assessor. That means we help our clients strengthen their security by identifying cyber risks and vulnerable processes within their operations. We also help our clients meet compliance standards, including HIPAA, HITRUST, PCI-DSS, NIST 800-53, and ISO27001.
Our cloud security team delivers best-in-class services to safeguard your data against threats while maintaining data security best practices and compliance standards.
No two businesses face the same threats. We develop tailor-made strategies to minimize vulnerability to cyber threats and ensure compliance.
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