Protecting Critical IT Assets Becomes More Important as Investors Look beyond Traditional Metrics
For any publicly traded company or a private organization, creating long-term shareholder value remains a top priority. When a company consistently creates value, it’s easier to attract investments both for the organic or inorganic growth.
Accordingly, the management always strive to improve key business metrics, which offer an exact picture of the fundamental strength of a company.
A $101 million bank heist, earlier this year, brought the issue of cybersecurity to the forefront once again. In a sophisticated operation, cybercriminals robbed the Central Bank of Bangladesh by getting hold of SWIFT (society for Worldwide Interbank Financial Telecommunication code), the access code for global cross-border payment messaging system.
More important, it wasn’t an isolated case. Even as the dust over Bangladesh bank incident had not settled, the global banking system was again taken aback. This time it was an Ecuador bank, which was hit by a $12 million cyber-heist. The modus operandi was same.