Information Security as Digital Economy Critical Success Factor: A Military Approach

Information Security as Digital Economy Critical Success Factor: A Military Approach

Ricardo de Sousa Correia (Polytechnic Institute of Setúbal, Portugal)
DOI: 10.4018/978-1-7998-4201-9.ch012
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Abstract

In an increasingly complex and competitive world, information is a valuable asset and a difference maker. It contributes to better government through supporting efficient business, assisting decision-making, mitigating risks, and adding economic value. This case study reviews Portuguese military information security requirements and its potential application on business company's crucial information protection. It's a military security policy, procedures, and measures approach to commercial environment. It's defined a security checklist to be applied by companies which want to achieve success. The explosive growth of information and communication technologies and their global dissemination and penetration have been a special impact on commercial activities, making them an attractive target to competitors and other agents. Cybersecurity is an organization's top priority. It's necessary to build an increasingly effective security policy in order to protect critical information. Keeping safe business competitive information advantages will be the key to success.
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Digital Transformation

The context and complexity of organizations and the market in which they operate lead to the adoption of different strategies that contribute to better results. The way organizations are managed is crucial to their competitiveness. The security measures that each organization adopts should contribute to the good management of its business, revealing the organization’s responsibility and transparency, mitigating risks, adding economic value and protecting organizational rights and interests.

According to European Commission (2019), the decrease of computing costs, the emergence of the Internet as a communication platform, the evolution of the mobile Internet, the spread of day-to-day applications and the increasing role of the Internet based on social networks and digital business platforms have a strong impact on the functioning of the economy and deeply affected companies, public organizations and personal life. The growth of digital platforms is directly related to the ability of organizations to collect and analyze digital data. However, their interests and behaviors depend on how they manage the relevant data to make it profitable. Nowadays, digital platforms are increasingly important in the world commerce. The combined value of the platform companies was estimated at more than $7 trillion in 2017 – 67 per cent higher than in 2015 (United Nations, 2019).

Data have become a new economic resource for creating and capturing value. The ability to collect, store, analyze and transform data brings strategic competitive advantages. The digital economy is taking shape and undermining conventional notions about how corporations are structured, how they interact and how consumers get services, information and goods. In the digital economy, the customer takes on a new role, as he agrees to share information about himself, requiring in return, mainly, the customization of products and services and the speed of the processes.

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