Importance of cybersecurity to your business
In the midst of cyber threats appearing from every nook and cranny of the interweb, businesses can’t afford to turn a blind eye any longer. According to Cybersecurity Ventures, cybercrime damages are expected to reach $6 trillion by 2021, a whopping double in six years from $3 trillion in 2015. Given these numbers, the global gravity of the attacks is fast emerging to be one of the top threats faced by the business industry today.
Concerned and confused about your firm’s cybersecurity? You’re not alone. In fact, a study by risk management global leader Marsh revealed that 70% of firms in Asia-Pacific do not have a strong understanding of their cybersecurity posture. Victims can be randomized or targeted depending on the attackers’ intention, which makes business organizations of all sizes, in every industry around the world vulnerable to cyberattacks. Even tech giants Google, Facebook, and Apple had been victimized by such crimes before, so no one can determine whether or not your business data is safe.
The attackers’ strategically tactful nature makes it difficult for business owners to detect and remove the threats. No matter how much a business claims to maintain constant cyber vigilance, adhering to a firm cybersecurity plan that covers a wide array of the business’ digital security is still the best and most effective way to prevent and counteract these attacks.
Cyberattacks may come in the form of malware, phishing, cross-site scripting, SQL injection, man-in-the-middle, or denial of service, among many others, which may corrupt your digital properties that may result to huge implications to your business. While loss in revenue is usually the main issue in these data breaches, the tarnishing of the brand’s name and reputation that may affect customer confidence is also a significant concern. Additionally, there may also be legal consequences when holding the perpetrators accountable in the aftermath. To avoid having to go through the rigorous process of dealing with cyberattacks, find out now the cybersecurity system that applies well to the nature of your business.
To accompany the cybersecurity plan, businesses also need to make sure that their employees are up-to-date with all the cyber threats as well as the preventive measures the organization is upholding. Most enterprises provide cybersecurity staff trainings that work towards minimizing the possibilities of data breaches.