Today's businesses, irrespective in which industry they
operate in and regardless of size, sector or past success, are
competing in a dynamic market environment that is being swept
through a current of transformative change. The pace of change is
taking the form of a revolutionary wave that continues to
accelerate at break-neck speed, as the fourth industrial revolution
ushers in an era of machine learning, cognitive computing,
artificial intelligence and a world in which virtually everything
is connected through the internet of things. Amid these rapid
technological advances, the associated security risks are also
Customer behaviors and expectations, and a multitude of
technologies are forcing senior executives to re-think their
organisations' traditional business and operating models. The
introduction of disruptive technologies and the evolution of
customers' expectations mean that the extent of connectivity
and the volume of sensitive data accessible about your business and
your customers are growing at an exponential rate – leading
to great opportunities and risks for your organisation. When you
hear the term 'cyber security', there's a very good
chance that, like many executives, you immediately think of one
thing: an IT infrastructure challenge. However, senior executives
are reaching the inescapable conclusion that treating cyber
security as an IT risk only is short-sighted and businesses run the
risk of missing opportunities and inflection points that could help
fuel business growth.
Of course, a strong IT security infrastructure is a critical
part of any cyber security program. However, it is not the only
part. In a 2017 world, this traditional 'defense-first'
mindset is too limited and can actually hinder long-term growth
prospects. Indeed, there is another important element at play and
that is the potential impact of cyber under-preparedness to future
business growth. This is particularly true in a business
environment in which so many companies are undertaking ambitious
customer-focused transformation programs amid widespread
technological disruption and competitive threats.
Data is the lifeblood of modern business. A high-quality cyber
preparedness will not only focus on keeping the data safe and
secure but it will also make sure that you have the right and
complete data upon which to base your business decisions.
Cyber security must be front and center in every strategic
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The British High Commission in Mauritius organised Wednesday 25 January 2017, jointly with the Financial Services Promotion Agency and the Board of Investment, the first ever UK-Mauritius fintech conference.
Just about any self-respecting geek worthy of the title has amassed a significant collection of older hardware and accessories.
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