What is the importance of Cybersecurity?
Cybersecurity is important as it embodies everything that is related to protecting our sensitive data, personally identifiable information (PII), protected health information (PHI), personal information, intellectual property, data, and governmental and industry information systems from stealth and harms attempted by criminals and adversaries.
The risk of Cybersecurity is soaring up day by day, driven by global connectivity and usage of cloud services, like Amazon Web Services, to store sensitive data and personal information. Extensive low-quality configuration of cloud services partnered with increasingly sophisticated cybercriminals always means the risk that your organization puts up with from a successful cyber-attack or data breach is always on the cards.
It was a time when simple firewalls and antivirus software were used as your only security measures. Business leaders can no longer take risk of leaving information security to cybersecurity professionals.
Cyber threats can approach from any level of your organization. You must get your staff educated about simple social engineering scams like phishing and more sophisticated cybersecurity attacks like ransomware attacks (think WannaCry) or other malware designed to steal intellectual property or personal data.
GDPR and other laws explain that cybersecurity is not meant to be something that businesses of any size can neglect. Security threats every now and again leave effects on businesses of all sizes from very small to big ones, and often make the front page causing irreversible reputational damage to the companies involved.
It is high time you should worry about Cybersecurity.
What is cybersecurity?
Cybersecurity encompasses the state or process of protecting and recovering computer systems, networks, devices, and programs from any sort of cyber attack. Cyber attacks are more and more sophisticated and threatening hazard to your sensitive data, as attackers exert new techniques powered by social engineering and artificial intelligence to outmaneuver traditional security controls.
It beyond any doubt that the world is becoming more and more reliant on technology and this dependence will keep as it is, as we come up with the next generation of smart Internet-enabled devices that can get access to our networks via Bluetooth and Wi-Fi.
The importance of cybersecurity
Cybersecurity's importance is increasing day by day. On the basic note, our society is more technologically dependant than it was ever before and there is no indication of its slowing down any soon. Personal data that is regularly posted to the public on our social media accounts could be open to identity theft. Our most Sensitive information like social security numbers, credit card information, and bank account details are now exposed to cloud storage services like Dropbox or Google Drive.
To be more realistic, whether you are an individual, small business, or large multinational, you depend on computer systems day in and day out. With the increase in cloud services, poor cloud service security, smartphones, and the Internet of Things (IoT) and we are now more vulnerable to cybersecurity threats that didn't exist a few decades ago. We need to take into how cybersecurity and information security differ, even though the skill sets are becoming more similar.
Governments from every corner of the world are casting their attention to cybercrimes more often now. GDPR is a great example. It has exceeded the prominent damage of data breaches by forcing all organizations that come under the influence of the European Union to:
- Communicate data breaches
- Appoint a data protection officer
- Require user consent to process information
- Anonymize data for privacy
Why is cybercrime increasing?
Information theft is the most exorbitant and rapidly growing component of cybercrime mostly influenced by the growing exhibition of identity information to the Internet via cloud services. But it is not the sole target. Industrial controls that manage power grids and other infrastructure can also be the target of its threatening disruption or destruction. And identity theft isn't the sole target, cyber-attacks may aim to compromise data integrity (destroy or change data) to breed distrust in an organization or government.
Cybercriminals are becoming suaver, altering what they aim at, and the ways how they affect organizations and their strategies of attack for different security systems.
The easiest form of cyber attack is social engineering with ransomware, phishing, and spyware are the easiest form of attack. Third-party and fourth-party small businesspersons who process your data and have low-quality cybersecurity practices are another common attack vector, making vendor risk management and third-party risk management all the more important.
Data breaches can also imply financial information such as credit card numbers or bank account details, protected health information (PHI), personally identifiable information (PII), trade secrets, intellectual property, and other targets of industrial espionage. Some forms of data breaches comprise unintentional information disclosure, data leak, cloud leak, information leakage, or a data spill.
Other factors causing an increase in the growth in cybercrime include:
- The distributed nature of the Internet
- The capability for cybercriminals to attack targeted aims outside their authority making policing extremely difficult
- growing advantage and facility of commerce on the dark web
- The rapid increase of mobile devices and the Internet of Things.
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