Open for business
In all sectors, businesses are opening alternative channels to market in order to reach more customers at lower cost. At the same time, they are developing collaborative ways of working with partners to improve their supply chain efficiency, reduce risk and to bring new services to market more quickly.This type of open-working adds value, but it also brings risk. Enterprises need to exchange data, offer wider access to core processes and applications, and to ensure the interoperability of diverse and heterogeneous systems. In other words, they need greater flexibility; but need to have this without compromising their security.
Increasing regulation
The development of more open and accessible business relationships has led to significant changes in the regulatory environment. In many sectors, there are growing regulations for more effective risk management. Companies with inadequate security procedures will be penalized by requiring higher levels of financial reserves.
National and international bodies are enforcing stricter regulations concerning privacy and the use of personal data. Information for legal and audit purposes must be retained for longer periods of time. Credible authentication procedures for online contracts and authorized access to data and processes are also being introduced in many countries.
Business continuity
Security is as critical as ever for ensuring business continuity. Every year, there are more virus attacks, while the cost of unscheduled downtime rises in line with the growth of online services and collaborative working. At the same time, infrastructure consolidation is reducing the total number of servers and applications a company needs; making the remaining ones even more vital for the enterprise.
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