An application security is no longer an optional exercise. No doubts it has gone on to become a necessity. An increasing number of companies have given their nod of approval to app security features. In fact the risks along with vulnerabilities are bound to increase manifold by such an exercise.
A person experience indicates that a majority of small and medium sized organizations fall victim to cyber -attacks. It is going to lead to financial losses and data breaches to the various security parties. Such alarming figures are bound to raise a series of questions. A main issue is are the companies doing things at their own end to be protecting the information of the customers and making sure it is not falling into the wrong hands. There are a series of benefits along with risks that each one needs to be aware.
The benefits
The security along with safety of confidential information works out to be important. It might turn out to be a major cause of concern for the individuals. This is one of the main reasons why people are hesitant to be sharing their personal information online. So as to cope up with this negative stigma companies go all the way out to assure customers that their personal information happens to be safe. An example of this is the credit card industry.
The trend of online shopping has gone on to become popular. Even the PCI has gone on to incorporate a set of guidelines that is going to limit the possibility of a credit card fraud. Hence the process of online transactions goes on to become secure and safe. Such a series of added safety measures has helped the companies to grow in the industry but there might always be a question that emerges is whether they are doing enough.
In the modern times companies are being affected by cyber attackers left and right, it does seem to be a luxury to be preventing such type of occurrences. All those who have been able to do so have gone on to reap in the rewards in the form of new customers they have gone on to acquire. Even the reputation they have gone on to gain stands no comparison to be compliant with the best practices of the industry.
The risks
The data breach be it the loss of financial or personal information, seems to be a serious issue and might land a company in trouble. Sometimes the organization may have to churn in a huge amount of money in the form of settlement.
Most of the companies would love to be in the news. After all it is publicity that is going to have a positive brand image in the mind of the masses. Just make sure that they are in the news for all the right reasons. If the news of the company emerges to be negative in the news channels then you might have to encounter a series of problems.
