Traditionally companies spend a disproportionate amount of time & money in ensuring that their applications/systems are secure. Though none of the cyber security systems ensures complete security, companies still need to spend a disproportionate amount of money and effort to ensure that comfort level. ( Refer: https://www.cloudmask.com/blog/the-cost-of-data-security-are-cybersecurity-investments-worth-it)
However, we have a better alternative, and you can correlate it with the concept of physical gold and digital gold.
Physical Gold: Higher security cost, high risk of theft and loss
Digital Gold: Relatively lower security cost and significantly lower risk
By ensuring proper data privacy protection and implementation, companies can convert their physical gold to digital gold .
For example, using the correct encryption method and data flow mapping reduces the need for security. Many customers have followed our principles and saved closed to 40% of their cyber security costs. You can do the same for yourself. Reach out to us to get the free privacy assessment