Why Cyber Security is Important

• Pabitra Kumar Sahoo
• July 27, 2021
• No Comments

As the world is starting to depend more on the internet by the day, the global cyber threat continues to evolve at a rapid pace. The number of data breaches rising each year. How might one avoid this, you may wonder. This is where cyber security comes in. Cyber security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. The term applies in a variety of contexts, from business to mobile computing, and can be divided into a few common categories. Cyber threats can arrive from any level of association. Cyber security is no longer something any company can ignore. Security regularly affects businesses of all sizes and makes them causing reversible reputational damage to the companies involved. Let us break down into factors as to why cyber security is important. 

1. To Avoid Damage

Cyber-attacks could result in just about anything. From causing electrical power outages to paralyzing frameworks and making information inaccessible, the possibilities are endless. Cyber-attacks can occur on a worldwide scale. Cyber-attacks are increasingly causing danger to your sensitive data, as attackers employ new methods of artificial intelligence and social engineering to your traditional security controls. 

2. Provides Backup

With cyber security, companies do not have to worry about unauthorized users accessing their network or data. It helps them protect both their end users and their employees. Even in those rare cases that security does not prevent an attack or breach, it improves the recovery time afterward. In addition, companies will often notice that customers and developers are more confident in products that have strong cyber security solutions in place. 

3. Can Affect Anyone

Securing email or social media accounts with weak passwords and observing insecure practices for storing passwords provides an easy way for hackers to access the accounts. They can, in turn, access the personal information of other users that communicate through the account. The cybersecurity practices advanced by a company should be developed so that all users are adequately protected. A comprehensive cybersecurity program is required to ensure that every user’s security needs are addressed without compromising the needs of others. 

3. Protection Against Data Leaks

Data leakages are among the biggest threats to a company’s cybersecurity. Data leaks have the potential of causing unrecoverable damages both at an individual and at a company level. Every business handles sensitive data, including the personal details of a customer, confidential employee and supplier data, data revealing the company’s strategic directions and objectives, intellectual properties, etc. Data leaks involving such types of information can have severe consequences for the business.

4. Cost of Cyber Risks

Cyber-attacks often can lead to some messy legal battles, which can cost you or your company a huge amount of money. Cyber-attacks today are not only multiplying in numbers but are also multiplying in the cost of damage created. These cyber-attacks can prove to be extremely expensive for any organization to endure if not taken proper security measures. The financial damage goes up whilst the company’s reputation goes down. 

5. Growth of IoT

The introduction of IoT technology i.e., Internet of Things, has not only simplified and speed up our tasks but has also created a pit of new vulnerabilities for hackers to exploit. No matter how advanced security measures we take, cyber criminals will always stay one step ahead to attempt cyber-crimes. If these internet-connected devices are not managed properly then they can provide a gateway to business to hackers or cyber criminals. 

Conclusion

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