According to an IDC report, global digital transformation spending reached $1.8 trillion in 2019—up nearly 18% from 2018. What’s more, the firm expects digital transformation investments to total more than $6 trillion over the next for years, with the study’s authors noting, “Digital transformation is quickly becoming the largest driver of new technology investments and projects among businesses.” But how do you balance digital transformation and security?
While it’s evident that digital transformation initiatives will play a pivotal role in business success, they can be challenging for cybersecurity leaders to manage effectively. Any new IT project always introduces an element of risk into the organization, and this is increased by the disruptive nature of digital technology and the pace of change associated with tech-driven innovation. However, it’s essential that CISOs and other security executives find a way to address these concerns without impeding digital transformation efforts and being at odds with the business.
The first step is recognizing that security threats are just one piece of the overall business picture. As Enzoic’s founder and CTO, Mike Wilson, put it in a recent Forbes article, “…as important as security is, there are other fish to fry from a business perspective. If business leaders can’t keep the doors open because customers aren’t happy or products aren’t delivered quickly enough to beat the competition, then cyber risks are irrelevant.” Mike’s piece offers CISOs a few tips for adapting in the age of digital transformation, among them:
And if you’re looking for a way to minimize customer friction while simultaneously ensuring account security, learn more about how Enzoic may be able to help.