Employing security practices can slow down systems and delay productivity, which is the reason why businesses abandon the thought of having an effective defence mechanism against data threats. Studies show that security in most businesses needs to be renovated since effectivity is at its lowest level. This is due to poor communication, lack of security awareness drive among employees, slow productivity and insufficient funds for updates and upgrades.
Security is at the top of an IT leader’s priority list, especially now that cybercriminals developed sophisticated ways of hacking systems, and hacks became frequent events. Other crimes relating to cyber security is sometimes caused by the faults in how companies and IT leaders handle cyber security internally. It also boils down to the gap in the communication between business leaders and IT leaders as well as the common assumption that security slows down revenue-generating processes in the company.
Lack of Confidence in Security
Because of the mistaken notion that security might slow down production, business leaders should be more serious with their organisational cyber security and create a strong communication line with their IT leaders. Companies need to overcome the misconception about security slowing down productivity. They need to understand that good security does not delay efficiency, and efficiency is not quantified by the speed of a single user but the performance of the business as a whole.
Employees think that security will delay processes, thus making them take shortcuts and this is not a good security practice. Reports show that four out of five IT leaders stated that they are not confident with their current security state. They know that not all employees are aware of the possible effects when they will not strictly follow the established security measures. However, these are not petty excuses for enterprises to justify their failure in not meeting cyber security expectations and standards.
Proving Return of Investment in Security Can Be Difficult
Another reason why IT leaders are not prioritising an effective cyber security for the reason that it is difficult to evaluate the return of investment of good security practise. Businesses often look at security expenses as waste and with no return of invested money. As leaders, they often look at how much they will get in return when it comes to implementing new processes and procedures. According to surveys, only one out of four IT executives say they don’t mind spending much when it comes to getting effective and reliable security service. Organisations should think about investing to IT security services in Australia to secure their sensitive information. They might not see ROI in numbers; however, they will see the benefit it gives when it comes to protecting their data from breaches.
When it comes to an organisation’s cyber security, leaders need to go beyond the ROI-based attitude. CIO’s should treat cyber security as a major investment. It is evident from several breaches that cyber security is as important as the revenue generating processes of the organisation. Its return of investment might be difficult to quantify, but what’s easier to estimate is the total cost of the damage when a breach hits the company. IT Solutions Australia has helped many businesses in securing their corporate data and skipping the cost of data damage. Executives should re- evaluate and implement proper and high security measures to guard business data from breaches. Productivity and security are not to be compared with each other but to be implemented in harmony with each other.