Why is cybersecurity critical? Why is it so essential to keep your device protected with the help of an antivirus?
We talk about cybersecurity so much these days because it has everything that can protect your sensitive data, protected health information, personal information, intellectual property data, personally identifiable information, and industrial and government systems from theft and damage attempts by cybercriminals.
Given the use of cloud services like Amazon Web services to store all your sensitive data and personal information, you can expect a greater risk of cybercrimes with progressing times.
Those days of simple firewall and antivirus software are gone, which were believed to be the sole security measure for your devices. Cyber threats can literally come from anywhere and any level of organisation. This is why it is imperative to understand specific simple social engineering scams like phishing and more complicated systems like ransomware attacks of certain other malware designed to steal your personal Data’s intellectual property.
It is high time that from now you start paying attention to this topic to ensure that not only are you protected physically, but you also make sure that your devices are protected from malicious attacks.
It is the method of protecting and recovering computer systems, networks and devices, and programs from any kind of cyberattacks. Cyber attacks are increasingly getting more sophisticated and posing a danger to your Data that is sensitive.
The world is getting more reliant on technology. This reliance will continue as we step into a new generation of intelligent internet-enabled devices with access to our networks via WiFi and Bluetooth.
The need for cybersecurity is ever increasing. Our society is more and more reliant on technology than ever before, and there is absolutely no sign that this remarkable trend is going to slow down. It is only going to increase. Data leaks that can result in identity theft that are now often publicly posted on various kinds of social media platforms and accounts.
Sensitive information, like the social security numbers, or maybe the credit card information and bank account details, are stored in cloud services like Dropbox and Google drive. You always rely on computers every day. Even if you’re working individually or in a business, you cannot really work without a device. If you pair this with the rise in cloud services, poor cloud service security and smartphones along with the internet of things, we have an entire store of cybersecurity threats that didn’t even exist a few decades ago.
Understand the difference between the term – cybersecurity and information security, even when the skill sets are getting more similar.
The governments of the world are bringing more and more focus on cybercrimes. GDPR can be a great example which has resulted in an increase in the reputational damage of data breaches by forcing all organisation that operate in the EU to do these:
- Appoint a data protection officer
- Make Data anonymous for privacy
- Communication on data breaches
- User consent requirements for process information
The trend is not only limited to the European nations. There seems to be some breach of laws in all the 50 states of the United States too. Commonalities are like:
- The need to notify those affected as soon as possible
- Pay some kind of fine
- Let the government know about it as quickly as possible.
California was the first state ever to regulate the data breach in 2003. This has driven standard boards like the National Institute of Standards Technology to make frameworks that help organisations to know their security risks and improve their cybersecurity measures to prevent further attacks.
Why is Cyber Crime increasing?
Some of the factors like:
- The distributed nature of the world of internet
- The ability of the cybercriminals to plan and attack targets outside their area makes it very difficult
- The profit is increasing, and the commerce on the dark web is increasing
- The proliferation of Mobile devices and IoT.
And what is the impact that is caused by these?
- Economic costs include the theft of intellectual property, corporate information, cost of repairs, damaged systems, and trading disruption.
- Regulatory prices like GDPR and the other data breach laws refer to the fact that your company could go through regulatory fines and sanctions due to cybercrimes.
- Reputational costs include loss of consumer trust, future and current customers’ failure to your rivals, and inadequate media coverage.
All businesses, regardless of how small or huge they are, should take care of their systems and protect themselves against any cybersecurity threats and try to mitigate them as best as possible. This includes regular training and a framework to work with that targets reducing the risk of data leaks and data breaches.
The detection of cybercrimes can be challenging, but the consequences can be enormous, so we better pay attention to the risk at hand.
Protection Against Cyber Crimes
These three simple steps should be taken that can help you reduce the risk of cybercrimes by a lot.
- Educate all the levels of your company about the risks and dangers of social engineering and common social engineering scams like typosquatting and phishing.
- Always invest in tools that can limit your information loss. Make sure you watch your third party risks and fourth-party vendor risks. Scan regularly for data exposure and those malicious leak credentials.
- Use technological means to reduce costs, like automatically sending out vendor assessment questionnaires as a part of an overall security risk assessment plan.
Information theft is becoming the fastest and most costly segment of crimes in the cyber world. It is very much driven by the increasing exposure of identity information to the web through cloud services. Many such industry-related controls that manage the power grids and the other infrastructure can also be destroyed or disrupted. Identity theft is not the only goal. We also have cyberattacks that aim to compromise data integrity and breed distrust in a government or an organisation.
Cybercriminals are becoming more sophisticated with time, and they are changing their targets and how they affect companies, and their methods of attacks for various security systems always keep changing.
The question is no longer about why is cybersecurity so necessary? It has instead become, how should you protect your company from the risk of cybercrimes.