Delivering security and scalability in today’s business landscape requires more than setting up a front line of defense

9:47 am
December 17, 2023

## Summary:
In today’s business landscape, maintaining security and scalability goes beyond establishing a front line of defense. A robust cybersecurity strategy is crucial for managing risks across IT infrastructure and is especially vital for highly regulated industries to protect sensitive consumer data. Enterprises should scale their infrastructure while relying on partners to enhance security and compliance without affecting performance.

### Minimizing Breaches and Vulnerabilities:
According to the 2023 Cost of a Data Breach report, breaches with longer identification and containment times cost organizations significantly more. IBM is aiding clients in their cybersecurity journey by offering comprehensive security capabilities through IBM Cloud Hyper Protect Crypto Services to simplify risk management and demonstrate regulatory compliance postures.

### Collaborating with the Right Partners:
Fortris, based in Spain, is enhancing its digital asset treasury operations platform by leveraging confidential computing capabilities available through IBM Cloud Hyper Protect Services. This collaboration aims to minimize security risks while enabling corporate users to operate with digital assets and maintain full control over their digital asset keys.

### Innovation with a Security-First Mindset:
Fintechs are playing a critical role in securely managing the growing demand for digital assets. Togg, a global mobility technologies provider, is collaborating with Swiss-based fintech Metaco to secure the custody and governance of digital assets using KYOK encryption and confidential computing capabilities.

### Supporting Cybersecurity Initiatives through Collaboration:
Developing a holistic cloud and security approach is vital for driving enterprise innovation and agility at scale. Enterprises need to make necessary investments in a well-defined cloud strategy and work with providers that offer high levels of resiliency and reliability, leveraging an ecosystem for support to mitigate security risks.

## Unique Article:

In today’s rapidly evolving business environment, establishing robust security and scalability measures is imperative for organizations, especially those operating in highly regulated industries. A comprehensive cybersecurity strategy is crucial for managing risks and protecting sensitive consumer data, while also complying with stringent regulations. As businesses expand their infrastructure, they must collaborate with partners to enhance security and compliance without compromising performance.

According to the 2023 Cost of a Data Breach report, breaches with extended identification and containment times result in significantly higher costs for organizations. In response to these challenges, IBM is providing comprehensive security capabilities through IBM Cloud Hyper Protect Crypto Services to simplify risk management and ensure regulatory compliance.

Spanish-based Fortris is leveraging confidential computing capabilities available through IBM Cloud Hyper Protect Services to enhance its digital asset treasury operations platform, aiming to minimize security risks while empowering corporate users to operate with digital assets and maintain full control over their digital asset keys.

With the increasing demand for digital assets, fintechs are playing a pivotal role in securely managing these assets. Togg, a global mobility technologies provider, is collaborating with Swiss-based fintech Metaco to secure the custody and governance of digital assets using state-of-the-art encryption and confidential computing capabilities.

In conclusion, enterprises must develop a holistic cloud and security approach to drive innovation and agility at scale. By making strategic investments in a well-defined cloud strategy and partnering with reliable providers, businesses can effectively mitigate security risks and support their cybersecurity initiatives.

**FAQs**

1. **How can businesses minimize the financial impact of data breaches?**
According to the 2023 Cost of a Data Breach report, organizations can minimize the financial impact of data breaches by reducing the identification and containment times, thus lowering the overall cost of the breach.

2. **What are some examples of companies collaborating to enhance their cybersecurity measures?**
Companies like Fortris and Togg are collaborating with technology providers like IBM to leverage confidential computing capabilities and advanced encryption to strengthen their cybersecurity measures.

3. **Why is cybersecurity crucial for highly regulated industries?**
Highly regulated industries, such as finance and healthcare, handle sensitive consumer data and must adhere to strict security and compliance requirements. A robust cybersecurity strategy is essential for maintaining consumer trust and regulatory compliance.


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