News and Trends

Five Smart Ways To Protect Your Business From Cyber Attacks

Establish a cyber culture, says Deloitte Private technology leader
Features Editor, Entrepreneur APAC
1 min read
Opinions expressed by Entrepreneur contributors are their own.

 

When it comes to scaling in the current economic environment, companies are focusing on emerging technologies. This, however, is putting them at an increased risk of cyber attacks. A report by Deloitte says information security is currently the number one trend affecting business, the workforce, and customers.

Almost 40 per cent of private businesses state that managing cyber-security and information security risks will be the top investment priority over the next 12 months, says the report, “Technology in the mid-market: Embracing technology”, which was published in August. About half of the 500 surveyed said they plan to use blockchain to store/secure digital records and provide control of both data and assets.

Over the past few years, cyber attacks have been increasing at an alarming rate. A recent Frost & Sullivan study says the potential economic loss across large-sized organizations in Asia Pacific due to cyber-security incidents can hit a staggering US$30 million.

What can companies do to secure themselves? Chris Jackson, senior manager at Deloitte Consulting LLP, Deloitte Private technology leader, and author of the August report, has the answer.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.