According to the Center for Strategic and International Studies, a security breach can cause a 22 percent drop in earnings over four years.
In today’s competitive markets, this type of lasting effect could be detrimental to a company’s success. As the number of cybercrimes continues to rise, having a secure network should be near the top of the priority list for any business.
“A security breach can have a catastrophic impact on a business,” says Jean Barmash, a technology and product leader with years of accomplishment in technical management, software architecture and hands-on software engineering.
...a security breach can cause a 22 percent drop in earnings over four years.
In a video sponsored by AT&T Business, Barmash shared his thoughts on agility and the importance of open and secure networks in the business world.
“I’ve known situations where CEOs of high profile companies have been fired as a result of a breach,” he says. “Earnings have been down for multiple years after the result. One of the biggest things that you lose is trust.”
Beyond security, Barmash is also focusing on allowing employees to collaborate from anywhere.
With this collaboration comes increased risk, though.
“It’s key to mitigate any potential threats so your business has the confidence it needs to go forward at a high speed. When you are identifying a secure networking solution, flexibility and choice are extremely, extremely important.”
Learn more about open and secure networks at att.com/security
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