By 2021, worldwide cybercrime damage is expected to reach $6 trilliondouble what it cost businesses in 2015. As digital transformation sweeps the globe, the imminent threat of cybercrime grows alongside it. As a result, new techniques in cybersecurity must be developed at a growing rate to keep pace.
Digital-first is the new business frontier, and if we want to keep this landscape a safe space to store and share information, we must be able to quickly identify opportunities to bolster security and adapt to evolving threats. Microsofts cloud technology offers organizations the tools to advance security, enhance government compliance, improve security education, and enable industry collaboration to shut down new threats. Microsoft is creating a new path toward digital transformation in a secure space.
Through cloud technologies, IT professionals now have advanced tools at their fingertips that provide real-time visibility into cybersecurity and the ability to proactively thwart threats before they become an issue. As more organizations move to the cloud, management of security risks can occur in real time. This real-time action on cyber threats helps create cost efficiency, and allows for frequent and seamless updates without reconfiguration, giving IT leaders the upper hand in staying compliant with regulatory guidelines.
With cloud-based technology come real solutions in data loss prevention. IT professionals are using the cloud to secure employee data in new and highly effective ways. Through improved cloud encryption capabilities, organizations can better help protect sensitive information in motion and at rest. Even if cybercriminals are able to breach your network and bypass the first lines of cyber defense, encryption helps keep organizational data from falling into unauthorized hands. Additionally, advanced measures like multi-factor authentication (MFA) and Single Sign-On (SSO) provide additional layers of security by ensuring only those with the proper credentials are able to gain access to information and company platforms. These solutions and innovations in tech security are just the beginning.
With the advent of new technology and the digitization of how IT experts and professionals communicate, a quicker dissemination of knowledge can occur in a collaborative space. Experts can share and explore new ideas and concepts to quickly improve upon cloud technology and how to best address security concerns. By partnering up, industries are able to break new ground on how to secure information, share information, and revolutionize the way government, private enterprise, education systems, and average people navigate a digitally transforming world.
Ready to discover how Microsoft technology is transforming security for a digital-first, cloud-first world, and participate in interactive sessions led by subject matter experts? Microsoft is hosting a series of Security Forums in cities across the United States to demonstrate how organizations can use the latest technology to update and improve their cybersecurity efforts. We invite you to join your fellow IT professionals alongside Microsoft experts to discuss new ways to address evolving cyber threats. Find out how your business can use the power of the cloud to boost security, and get a firsthand look at what Microsoft has to offer.
*** This is a Security Bloggers Network syndicated blog from Microsoft Secure authored by Microsoft Secure Blog Staff. Read the original post at: https://cloudblogs.microsoft.com/microsoftsecure/2017/10/17/cybersecurity-in-a-modern-age/