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Data Protection: An Essential Element of Any Digital Transformation Strategy

December 6, 2022

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According to an annual cybersecurity report by Cisco, cyber-attacks are more advanced than ever before. Phishing, ransomware, social engineering, and trojans are the most active threats. Globally, the average total cost of a data breach is around $4.35 million, which increased by 2.6% compared to 2021, according to IBM’s most recent Cost of a Data Breach Report.

Data is treated as a valuable asset for any organization, and it has the potential to generate new business opportunities. Many digital transformation strategies aim to get more insights from data. But sometimes, organizations fail to build strategies to protect their data, instead focusing more on building these insights. That missing gap could cause undesirable situations for businesses.

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