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Development Technology

Business Growth And Its Dependency On Cybersecurity

Cyberthreats and cyber-attacks are some of the continued daunting issues in businesses, from start-up(s) to larger corporations. These risks can cripple the growth of business, in any or all phases of its lifecycle.
While there is gamut of information on cybersecurity doing rounds on the cloud, it is critical for every business entity to actually secure access to data and systems in real-time, with reliability and authenticity.
Company’s data can be sensitive and vulnerable, giving access to users, perhaps even leading to misuse. On the other side, data breach of a brand can result in either loss of revenue, losing brand value in the market, or loss of consumers, partners and vendors’ trust in the brand, or all of it, depending on each case. Hence, inculcating appropriate data breach management strategy for your company to avoid blackball consequences can be the best bet. 
In order to keep common human errors/attacks and security breaches at bay, cyber security solutions and access management processes can be implemented. Subsequently, privileged access process can be deployed with higher transparency and accountability. 
Determining and evaluating the third-party risk management in businesses is another phase essential for a healthy lifecycle of the relationship. It is an ongoing action to identify new risks and conduct due diligence. Complying with ethical business protocols, safety procedures, environmental and governance considerations, and managing them rightly can be the key.
At Canaan Ventures, we facilitate companies to invest and benefit in cybersecurity for a securely geared up business growth, protecting critical IT infrastructure and assets to cater to your business needs.