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Why Security is More Important than Stability in Business

Written by HITRUST | Oct 31, 2024 9:12:19 PM

Do you often scramble to balance key business priorities: security, stability, and delivery? While all three are essential, security must come first.

Here's why it’s strategically necessary to prioritize security.

1. Security: The Bedrock of Trust

Security breaches don’t just compromise data; they erode trust and tarnish reputations. Organizations deprioritizing security face long-term consequences that can impact customer confidence, financial stability, and brand integrity. A security-first approach focuses on identifying vulnerabilities, mitigating risks, and protecting what matters the most — your business’s reputation and customers’ trust. Ensure that you have a robust security strategy focusing on having the right controls in place to protect data.

Why Security Before Stability? Think of it like building a house. If the foundation (security) is weak, even the most stable walls won’t hold.

2. Stability: Building Reliable Infrastructure

A stable infrastructure is crucial for operational efficiency. However, stability must be built on a secure foundation. Check if you have the right resources to enable smooth processes. Maintain a resilient infrastructure that can withstand potential threats. Monitor constantly to detect anomalies early and respond swiftly to prevent disruptions.

Stable infrastructure creates reliability, but without proper security measures in place, stability may be temporary. Thus, the key is to ensure that the stability of systems, networks, and processes is grounded in robust security practices.

3. Delivery: Driving Results with Confidence

With a secure and stable environment, delivery becomes a smoother process. Delivery is important to keep the customers happy and boost the business. The final product/service output leads to better results and generates revenue.

When the first two priorities are set, teams can confidently focus on achieving their goals and delivering value to customers without worrying about unexpected disruptions or security threats.

The Consequences of Neglecting Security

When security is deprioritized, the impacts extend far beyond technical damage. Breaches result in reputational harm, customer distrust, legal liabilities, and financial losses. Recovering from a security incident can be a prolonged and costly journey, affecting the organization’s long-term growth and resilience.

Closed-Loop Management: A Critical Element

Security efforts should be managed in a closed-loop system, where risks are continually assessed, mitigated, and reviewed. This approach creates a culture of accountability and allows businesses to stay agile in responding to evolving threats.

For more insights, listen to Mike Connly in the podcast episode The Trust Partnership with the Board - Closing the Loop through Accountability and Engagement. Mike shares key strategies for improving board-level communication and fostering a collaborative approach to cybersecurity.

In Conclusion

In business, a secure foundation isn’t just essential — it’s non-negotiable. By prioritizing security over stability, organizations can build resilience and deliver results with confidence. Remember, a breach’s impact extends beyond immediate disruption; it threatens the trust that businesses work so hard to earn.