In a
digitized world where more and more enterprises use the Internet or various online
platforms to do business, the accompanying risk of data breach in the absence
of data security measures is a matter of concern. It takes a lot for an
enterprise to develop and market a product or brand and even more for
generating trust amongst consumers of that product or brand.
A
single act of data theft can ruin all that in a matter of hours or days leaving
the company bruised and many-a-times impossible to recover. To avoid such unforeseen
dire scenarios security testing of products and systems producing those products
should be made mandatory. Moreover, as cyber criminals are finding newer ways
of breaching the firewall it is incumbent upon enterprises to update their software
security testing mechanisms from time to time in order to safeguard their
assets and reputation from the probable next breach.
As the interconnected digital world envelops
almost every sphere of our lives - be it in homes, banks, retail, healthcare,
travel, entertainment, and many more, making our lives easy, the threat of
cyber crime involving data theft looms
large. Not a day passes when news reports do not show individuals and
enterprises falling victim to such crimes. The resultant losses due to such
crimes in terms of money, trust, and brand value are staggering indeed.
Given that the future will be increasingly dictated
by IT or related ecosystems such as IoT, it becomes important for everyone –
individuals, companies, and governments to not only be aware of the threats,
but also put in place robust data security measures. In fact, considerations of
cutting costs should not come in the way of building such security measures for
any laxity on this count can lead to catastrophic outcomes.
To
prevent enterprises from falling prey to data
breach security testing of systems, applications, and products should be
carried out by identifying the vulnerabilities or flaws in the existing
security set up. The imperative of such a testing has grown manifold as online
transactions have become the order of the day and incidences of data thefts can
lead to:
- Erosion of customers’ faith in the brand or product
- Financial loss to the company owing to compensating customers and meeting other penal requirements
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