With the mission to create smart cities with smart devices, our dependency to connect everything to the internet has increased too. However, since we live in an era where successful businesses and corporations store everything important in their virtual databases, cyber-security is now more important than ever. As noted above, the number of cyber security incidents is rising every day. Why is Cyber Security Awareness Important? October 3, 2019 gotowebs Application 0. There are many cybersecurity companies that are offering […] Why is Cybersecurity Important? Professionally and academically published within the field of cyber security in Europe and Asia, Cheng Lai Ki brings a unique cross-industry and interdisciplinary perspective towards cyber security. Data is even more valuable than money Also, the average number of security breaches has risen by 11%  from 130 to 145, in the last year. But it’s not just the big companies and organizations that get hit. Whilst some household name companies have been in the news in recent months due to high profile data breaches, this isn’t just a problem for large companies: nearly half (47%) of small businesses suffered a cyber breach or attack during the last 12 months. 2. Training for employees is necessary to bridge the gap of cybersecurity skills and to create a cyber-resilient working culture in the organization. Nowadays, all companies … Save my name, email, and website in this browser for the next time I comment. That’s even truer when it comes to businesses and the culture they nurture with their employees. More than 30,000 company records were left unprotected, including usernames and passwords, which could aid a malicious attacker in using this information to breach the secure infrastructure and access critical cyber assets. While a successful attacker can have … This is true for media companies too. If not taken proper online security measures, this data present online can easily be exploited by cybercriminals. So, why is cybersecurity important? With the increased importance of cyber security, qualified and well-trained engineers are in great demand. For more information on cyber security awareness, get in touch with us on 01299 873 873 and our cloud software and cyber security experts will be happy to help. The guide also contains a great selection of short videos explaining how these quick and easy steps could save you time, money and even your business’ reputation. Cybersecurity is important because it encompasses everything that pertains to protecting our personal information, intellectual property, data, and governmental and industry information systems from theft and damage attempted by criminals and adversaries. To keep in touch, sign up to email updates from this blog, or follow us on Twitter. Organizations are required to equip themselves to prepare for tight security measures and best, Cybersecurity vs. Information Security: Unraveling the Key Differences, Banking Industry Faces Surge in Cyber Security Challenges, Cybercrime Expected to Rise At an Unprecedented Rate in 2021, International Computer Security Day- November 30, 2020, Staggering Cyber Security Statistics Amidst Pandemic Hit Q2 2020. Professionally and academically published within the field of cyber security in Europe and Asia, Cheng Lai Ki brings a unique cross-industry and interdisciplinary perspective towards cyber security. Rohan-January 2, 2020. Our staff blog about themselves and their work, Companies House services and the information we hold on the register. Thousands of infected web pages are being discovered every day. And as we have stepped into 2020, we can already see massive challenges in cybersecurity due to the recent occurrences of cyber scams. Organizations scale with time and […] As a result, companies and organizations all over the world, including the U.S. Government, are making cyber security a top priority for the coming year and are setting up standards for cyber security protocol. When it comes to data security, it can be clearly seen how organizations are getting highly comfortable in keeping their information online. The connectivity of our environments these days has completely changed the way we work and live. Since the business environment today is fundamentally reliant on digital means for connectivity, companies need to protect the data that floats through their clouds. With the introduction of new technologies, the chances of cyber threats and risks are also rapidly increasing. Organizations are required to equip themselves to prepare for tight security measures and best cybersecurity solutions like security risk assessment tools, anti-phishing, and fraud monitoring tools to look for vulnerabilities and to track your brand online. There Is an Increase in the Number of Specialties. Cyber security is crucial to an organization’s overall security because data is not continuously housed in one secure network or storage space. Almost every organization nowadays, use cloud storage services like Dropbox or Google Drive to store their confidential data and sensitive information. Using strong passwords on your important accounts is crucial. It is a serious matter how cyber-attacks are shaping in every form possible in order to stay one step ahead of the development in technology. Moreover, the cyber-attack vectors such as ransomware, phishing, cyber scams, risk of removable media, etc. There are a number of reasons why cyber security is important for businesses. Preeti Seth , 2019-11-26. This means that small businesses are woefully unprepared in the event of a cyber attack or data breach. So this October, show your business some love by taking 5 minutes to boost your cyber security – and be #CyberAware ! Hackers rely on … According to Symantec, over 43 percent of cyberattacks in 2015 were targeted toward small businesses — and this number will only rise. . Antivirus: Another important cyber security technique that protects your system from the breathers and Malicious activities is an antivirus. It can also ruin their relationships with customers, and even place them in significant legal jeopardy. As a result, companies that provide vital services, such as medical care, electricity, or ID card identification, must also pay more attention to cybersecurity. Another favourite way for hackers to exploit small companies is by targeting out of date software. The European Network and Information Security Agency held a cyber security exercise in October 2014, involving 29 countries and more than 200 organizations, including government bodies, telecoms companies, energy suppliers, financial institutions and Internet service providers. Human resources and IT resources have always been one of the most important aspects of any organization. He is actively involved in Horangi’s intelligence, security management and incident response operations with clients in the APAC region. Cybercrime is without question one of the most worrying threats for modern businesses, which is why companies should do everything in their power to safeguard against it. All new innovations that emerge are always present in the package, including the benefits of their use as well as the threats that surround them. With cyber-attacks evolving today as a danger to organizations, employees and customers, cybersecurity plays a very crucial role in prevention against such security threats. Find out why cyber security is so important and what you need to know to implement security … For larger businesses, there is also a new piece of guidance to help company boards ask the right questions on cyber security. Applications that involve the collection and analysis of data in large quantitiesso-called Big Dataput additional pressure on security managers. In these devices, they provide all the sensitive information like email ID, password, credit card … Training for employees is necessary to bridge the gap of cybersecurity skills and to create a cyber-resilient working culture in the organization. As the technology sector is increasing rapidly the increase in the number of cybercrime is also increasing. However, hackers are also likely to target smaller companies due to the fact that they are more vulnerable. Today, companies have become more technologically reliant than ever and the trend doesn’t seem to stop. Always remember that an ounce of prevention is worth a pound of cure! This is a false sense of security. Cybersecurity Ventures predicted in 2017 that damages would hit $6 trillion by 2021, prompting global spending of roughly $10 billion in cyber-security measures by 2027 to protect against these catastrophic losses. The effect of cyber attack on a company is well-documented. Modern Day society has totally been addicted to Internet. The “T” in PEST stands for technology, after all. Pinterest. Similarly, the implementation of information technology systems (IT) in the company. Why is cybersecurity important for a company. Importance of Cyber Security? It is better to take preventive measures now than later recovering the after damages of cyberattacks. With the alarming number of data breaches and information leaks making news headlines almost every day, it can be seen how vulnerable the data left is online. These cyber-attacks can prove to be extremely expensive for any organization to endure if not taken proper security measures. It is also referred to as information technology security. Why Cybersecurity is Important. There are advanced technology-based tools available today to help and guide employees in recognizing and combating cyber threats before they infiltrate networks and systems. Cyber security can help your employees to work confidently without losing business information and becoming victim of a cyber-attack. WhatsApp. This creates gaping holes in cyber security, making it easy to breach their defenses. Here are some more major reasons to understand that why cybersecurity is important for companies: Rise of Cybercrimes Your business’s cyber security is only as strong as your weakest employee - it is your responsibility to create a risk aware workplace culture surrounding cyber security awareness. Why cyber security is important. With more business infrastructures connecting, the average cost of a data breach is expected to exceed $150 million by this year. If these internet-connected devices are not managed properly then they can provide a gateway to business to hackers or cyber criminals! Why Cyber-security is Important For Companies Why Cyber-security is Important For Companies. Thank you for sparing your valuable time here, hope you had a good read! Often some organizations take their data security lightly and as a result they fall victim to cyber-attacks. A significant proportion of cyber crime also goes undetected, particularly industrial espionage where access to confidential documents and data is difficult to spot. The importance of cyber security Colleagues need to understand the role they play in strengthening a business’s cyber security. Implementation of the right cybersecurity solutions is a must to avoid any future cyber risks related to sensitive data of an organization. Implementation of the right. No Policies in Place. There was a time when cyber security was looped into the information technology (IT) department’s duties and was considered a part of IT. With the increased importance of cyber security, qualified and well-trained engineers are in great demand. Increased speed of communication, fewer human errors, and movement towards paperless closings, have created new standards and improved customer service. A strong security infrastructure includes multiple layers of protection dispersed throughout a company’s computers, programs and networks. Why is Cybersecurity Important for Companies Today? leave no room for data exploitation and publicizing of any vulnerable data. The significant number of high profile security breaches over the past 12 – 24 months has put cyber security firmly at the top of the list for all businesses, both large and small. Data is regularly passed across various networks to other devices, which is where cyber security plays an important role. We also invite guest bloggers who have an interest in UK companies and business advice. The web and network attackers are constantly striving to undermine the security system of the company’s IT infrastructure today with the intention of stealing the confidential data. The report further says, 77% of cyber security professionals, at present, work virtually. Hackers and criminals use password-guessing tools which can crack weak passwords in seconds, so it’s essential you use strong passwords which can’t be guessed and which you haven’t used elsewhere. If you have any questions about an email you receive that supposedly came from your financial institution or service provider, find their number on their website and call them. Thus, making it more challenging for organizations to stay cyber secure. In order to bridge this gap, it is important to provide individuals working in an organization with the right cybersecurity awareness training. To prevent yourself and your company, you need to know about the attack and its risk. Why Cyber-security is Important For Companies Why Cyber-security is Important For Companies. Whether an attack takes the form of some type of internal sabotage, or an external security breach, the consequences can be significant for businesses. The advent of automation in the title industry has brought with it welcome changes. But it’s not just the big companies and organizations that get hit. Finally, information security awareness is a very important practice for all medium and large company. Another cyber security threat for businesses is ransomware, which is a type of malware that encrypts a business’ data and is only unlockable in exchange for a large fee. Cyber security is now a very important aspect because all … Cybersecurity is of great importance, especially for companies that deal with sensitive data such as PHI and payment information. 1. A whopping 98% of UK businesses now operate online in one way or another, with even the smallest of firms benefiting hugely from the use of websites, social media, staff email addresses, online banking and the ability for customers to shop online. So what can you do to protect yourself? In fact, our companies are still not immune to these evolving cyber-attacks. Internet of Things, has not only simplified and speed up our tasks but has also created a pit of new vulnerabilities for hackers to exploit. Cybersecurity Ventures predicted in 2017 that damages would hit $6 trillion by 2021, prompting global spending of roughly $10 billion in cyber-security measures by 2027 to protect against these catastrophic losses. Interestingly, 50 percent of these cyber security professionals stated that they got no vocational or practical cyber security training from their companies. Why Cyber Security is Important for Title and Real Estate Companies Citrus Heritage Escrow - December 17, 2019. Train your workers about how they can use company-owned digital devices without losing sensitive data. It is no surprise to see that cybersecurity is constantly on a rise and there is a lot in store for the near future. 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