Quality Management, IT Service Management is the strategic enterprise needs that are necessary for business growth and strategic brand building. Information Security /Cybersecurity threats exploit the increased complexity and connectivity of critical infrastructure systems, placing the organization’s information security, safety and health at risk. Moreover, just like financial and reputational risks, cybersecurity risk affects a company’s bottom line. On one side it drives up the costs and affect revenue and on the other it harms an organization’s ability to innovate and to gain and retain customers. Information security can be an important and amplifying component of an organization’s overall risk management. If uncontrolled, it can adversely affect product integrity, CUX, brand reputation, regulatory compliance, investor confidence, operations, regulatory compliance, etc.
The Information security risk is increasing for organizations and corporate to demand confidence in information management as a qualifier for strategic contracts or project partnerships.