Business reputation and trust are always vulnerable; companies recognize that a security breach can instantly damage both. Indeed, you’ll get yourself on the morning news and watch your stock drop by 50%. By prioritizing security, businesses aim to safeguard their reputation and customer relationships.
Long-term cost implications mean that focusing initially on cost and scalability might seem feasible, but the long-term financial impact of security incidents can be severe. Most people in the cybersecurity space understand that risk equals money. The more risk, the less your systems are worth, considering the potential for a breach. Prioritizing security can prevent costly breaches and downtime.
Innovation and agility mean that to remain competitive, businesses need to innovate rapidly. A secure cloud infrastructure enables this by providing a reliable foundation for building and deploying new services without compromising data integrity or security.
