Cybersecurity is more important than ever for your business. As technology is ever-shifting, it seems that on a daily basis, there are more and more cyber threats popping up than ever. Hackers and data thieves have become savvier as more companies conduct business online, regardless of their specialty. As a result of the higher risk of threats out there, you should invest in advanced security measures for your business to keep it safer. There are many reasons why Cyber Security is important For Business. Let’s get started and get more info about Cyber Security For Business and more.
There are a few reasons why advanced security is more important than ever for businesses. These are the most common reasons.
Cyber Security For Business
Large Increase in Threats
Cyber threats have vastly increased in number over the past few years. As a result, they have also cost businesses incredible amounts of money. According to a report by McAfee, online threats cost a total of $445 billion in 2014. However, that number increased to $600 billion by 2017. This year, 2019, those numbers are only expected to increase further.
Threats that your business can potentially experience include the theft of intellectual property, data destruction, fraud, breaches of personal and financial information of your customers and even staff and much more. A cyber-attack can even damage your personal reputation or that of your staff and customers or clients.
Severity of Cyber Attacks
The severity of cyber-attacks has also greatly increased. According to a report done by PricewaterhouseCoopers, today’s cyber-attacks are even more progressively destructive than those of just a few short years ago. Cyber criminals are broadening their scope of information and attacks and leaving even more devastation than ever in their wake.
More Types of Cyber Attacks Than Ever
At this point in time, as a result of technology making way for cyber thieves and hackers becoming more sophisticated than ever, there are even more types of cyber-attacks as well. This puts your business at an even greater risk than ever of becoming vulnerable and a victim to a cybersecurity issue. Some of today’s most common cyber-attacks include the following:
Botnets and Zombies
A botnet is essentially a robot network made up of computers that have been targeted that are connected to a central system. The compromised computers are commonly known as zombies. Botnets are made to steal data. However, they have increasingly become better encrypted, which makes them more difficult to detect. This can have a terrible impact on your business if your network is hit by botnets. Timing of incident response is key in safeguarding your network if you have been affected.
Denial of Service
Denial of service is a cyber-attack that prevents networks, systems and applications to function. When your business is affected by such an attack, a hacker demands a fee or ransom so that you can regain access to the network, system, applications or other files.
Malware, worms and Trojan horses
Viruses, Trojan horses, worms and other types of malware have become more sophisticated than ever and can creep into your computer systems to make your precious data vulnerable. They can be spread through emails with malicious attachments, links, instant messaging, fraudulent websites and even legitimate websites. Malware protection can help to prevent these threats. All computers connected to your business’ servers should have superior antivirus and anti-malware software installed and regularly updated so it can effectively combat new threats that appear daily.
Scareware refers to fake security warnings that your network has been compromised. They frequently appear in the form of popups that claim the system has been infected. Users are often tricked into clicking on the popup and paying for software supposedly meant to protect their system.
It’s important to remember that the timing of incident response and usage of malware protection that is regularly updated are important. These advanced measures will better protect your business from cyber threats.
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