What is the Importance of Cyber Security?

Common Journal-How to prepare against cyber attacks and what to do to protect your computers against cyber attacks. ECT Expert discusses how to protect your IT systems.

What is the Importance of Cyber Security?

Cybersecurity is critical because it covers anything that has to do with protecting our confidential data, personally identifiable information, protected health information, personal information, intellectual property, data, and governmental and business information systems from theft and harm.

Global networking and the use of cloud services to store confidential data and personal information are raising the possibility of cyberattacks. The possibility of your company being the victim of a successful cyber-attack or data theft is on the rise, thanks to widespread weak cloud service configuration and increasingly sophisticated cyber criminals.

Simple firewalls and antivirus applications are no longer sufficient security measures. Business leaders can no longer depend on cybersecurity experts to protect their data.

Cyber threats can originate at any level of your company. Simple social engineering scams like phishing must be taught to your workers, as well as more advanced cybersecurity threats like ransomware (think WannaCry) and other malware designed to steal intellectual property or personal data.

Companies of all sizes can no longer continue to neglect cybersecurity due to GDPR and other regulations. Security incidents impact enterprises of all sizes on a daily basis and they often hit the front page of the newspaper, causing permanent reputational harm to the companies involved.

You should be concerned regarding cybersecurity if you aren't already.

cyber security affects everyone

Living in a networked society, our professional, intimate, and financial lives have all begun to gravitate toward the internet, mobile computing, and electronic media. Unfortunately, as a result of this widespread phenomenon, we are now more vulnerable than ever before to malicious assaults, invasions of privacy, fraud, and other such annoyances.

Maintaining proper cyber security controls on your own devices has an effect on the rest of the online world, according to research, infected devices have a way of infecting other devices, and infected systems render everyone vulnerable.

One of the most important groups to educate about cyber security is our youth. They may not be able to bank or shop online with credit cards, but by creating insecure personal accounts, they may make it very easy for cyber criminals to gain access to data.

Impact of cybercrime:-

Weak passwords and bad email or social media habits make it much easier for someone to hack into your account and gain access to your friends' and family's personal information. No one wants to be held accountable for cybercrime against their loved ones, whether it's a stolen bank account number, a private photo, or complete identity theft.

A lack of attention to cybersecurity can have a variety of consequences for your business, including:

  • Economic costs: Exploitation of intellectual property, corporate records, trade disruptions, and the expense of restoring damaged systems are all factors to consider.
  • Reputational costs: Loss of consumer interest, loss of current and potential customers to rivals, and negative media attention.
  • Regulatory costs: Because of the GDPR and other data breach rules, your company could face administrative penalties or sanctions as a result of cybercrime.

Regardless of scale, all companies must ensure that all employees are aware of cybersecurity risks and how to mitigate them. Daily training and a system to work in should be part of this, with the goal of reducing the possibility of data leakage or breaches.

Basic cybersecurity practices:-

Cybersecurity best practices include things like being vigilant when participating in online activities, following company guidelines and seeking support if you come across anything suspicious. Here's a closer look at a few company cybersecurity best practices that any employee should be aware of and obey.

  • Data Protection
  • Refrain from opening pop-ups, unknown emails, and links
  • Use of strong passwords and authentication
  • Avoid free public Wi-Fi Use only secured Wi-Fi connections
  • Protect home networks with fire walls
  • Implementing and investing Security systems is need of the hour
  • Keeping back up of files and installing a good security software are bare necessities
  • consul your IT department on a regular basis
  • Implementing third-party controls may prove beneficial
  • Educating and training end users are key.

A few simple steps that can help ensure security and reduce the risk of cybercrime:

  1. Educate everyone in your company about the dangers of social engineering and common social engineering scams such as phishing emails and typo squatting.
  2. Invest in tools that limit data loss, track third-party and fourth-party vendor risk, and search for data exposure and credential leaks on a regular basis.
  3. As part of a larger cyber security risk management plan, use technology to cut costs, such as automatically sending out vendor assessment questionnaires.

Companies should no longer ask why cybersecurity is relevant, but rather how can they ensure that their organization's cybersecurity practices are adequate to comply with GDPR and other regulations, as well as to protect the company from sophisticated cyber attacks.