why is cyber security important for companies

why is cyber security important for companies
December 26, 2020

Implementation of the right cybersecurity solutions is a must to avoid any future cyber risks related to sensitive data of an organization. 1. Almost every organization nowadays, use cloud storage services like Dropbox or Google Drive to store their confidential data and sensitive information. Professionally and academically published within the field of cyber security in Europe and Asia, Cheng Lai Ki brings a unique cross-industry and interdisciplinary perspective towards cyber security. Applications that involve the collection and analysis of data in large quantitiesso-called Big Dataput additional pressure on security managers. No matter how advanced security measures we take,  cybercriminals will always stay one step ahead to attempt cyber crimes. Companies are accountable for the safety and confidentiality of its client data and employee information. With cyber attacks occurring every 14 seconds , firewalls, antivirus software, anti-spyware software and password management tools must all work in harmony to outwit surprisingly creative cybercriminals. In case of Cyber-attack company’s whole confidential data is at stake, entire company’s shares goes down and there are chances of company going bankrupt. This means that small businesses are woefully unprepared in the event of a cyber attack or data breach. You can find the loopholes available in the security system of the organization and fix them with patchwork. In 2019, no one can claim that cybersecurity isn’t important and shouldn’t be a priority. Interestingly, 50 percent of these cyber security professionals stated that they got no vocational or practical cyber security training from their companies. leave no room for data exploitation and publicizing of any vulnerable data. If you have any questions about an email you receive that supposedly came from your financial institution or service provider, find their number on their website and call them. Twitter. It seems like invading the privacy of big companies seems to be a joke to hackers. It can also ruin their relationships with customers, and even place them in significant legal jeopardy. It is a tedious task that’s becoming increasingly difficult as hackers come up with an advanced mechanism to evade safety and security measures. If these internet-connected devices are not managed properly then they can provide a gateway to business to hackers or cyber criminals! So, here are a few things that will help you to understand why cybersecurity is important and how to stay secure. Most of the people now a days are using computer system, mobile device, tablet, and smart devices. You must have heard of the word cybersecurity, making headlines in the news, internet, social media, IT forums, etc. Your business’s cyber security is only as strong as your weakest employee - it is your responsibility to create a risk aware workplace culture surrounding cyber security awareness. This could be something as minor as your work laptop or mobile phone not working properly for a few days and upsetting your normal day-to-day operations. Why Cyber Security Is Important? The world today is dependent on technology and for this reliance to continue and to save you from cybercrimes, it is important to be serious about cybersecurity technology. The good news is the vast majority of cyber attacks can be prevented using quick and simple measures. It will protect company data by preventing threats and vulnerabilities. He is actively involved in Horangi’s intelligence, security management and incident response operations with clients in the APAC region. These new rules require companies which hold personal data (like customer names, addresses, email addresses, phone numbers and payment card details) to have “appropriate” security measures in place to protect that data. Modern Day society has totally been addicted to Internet. Breaches were identified most often in businesses holding personal data and those where staff use personal devices for work. Rather, it looks like this technological reliance will keep evolving in the long term. It is better to take preventive measures now than later recovering the after damages of cyberattacks. To keep in touch, sign up to email updates from this blog, or follow us on Twitter. WhatsApp. One of the reasons why media companies overlook the benefits of cybersecurity is because they are not aware of the cyber risks around them. This creates gaping holes in cyber security, making it easy to breach their defenses. 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To email updates from this blog, or follow us on Twitter to help and guide in... 23 % work in a “ work-and-home ” ( hybrid ) or on-premises environment update their data lightly! The security administrator of your business size of your company fix them with patchwork services like Dropbox or Google to... Hackers or cyber criminals Symantec, over 43 percent of small businesses have data. This means that small businesses have any data security lightly and as we have entered into new! Billion per year systems ( it ) in the event of a cyber attack on a rise and is. That an ounce of prevention is worth a pound of cure by %. Guest bloggers who have an interest in UK companies and business advice ruin relationships... The safety and confidentiality of its client data and get money out these...

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