The world is becoming increasingly interconnected, from our personal banking details to government infrastructures. With so many interdependencies, protecting our technology networks has become not only necessary, but top priority. Consequently, our personal data isn’t the only concern. Cyber attacks stand at the summit of international agendas, too. Recent high-profile breaches have raised fears that attacks or other IT security fiascoes will become ever-present threats. As widespread as this is, it’s imperative to secure your network to keep your company and customers’ data safe and have a reliable backup installed.
Mitigate Commercial Losses
The Center for Strategic and International Studies (CSIS) estimates cyber crime and other IT security issues cost the global economy a whopping $400 billion every year, and the number is rising. Costs include lost business, investigation costs, and lowered brand image. Those costs are in addition to the cost of fixing the system itself. Don’t be among the 3,000 US companies hackers target each year. Prepare today, so you don’t have to repair tomorrow.
Equifax and Deloitte are just two of the numerous organizations that have lost sensitive user data. In some cases, cyber criminals also get away with money from accounts. The remedy to these hacks, such as mitigating customer risk from compromised information, can be very expensive. Additionally, when your data is vulnerable, you are susceptible to a type of industrial espionage called ransomware. In these hacks, criminals take over your company’s systems and demand ransoms to unlock them. However, adequate IT security can prevent hackers from being in charge of your data.
Protecting your Organization
Aside from commercial loss and breached data, lack of cyber security weakens an organization. On the inside, an unprotected system opens the possibilities for extortion and disrupts operations. External repercussions can take the form of soured public relations, damaged trust among suppliers and customers, and regulatory action. Cyber attacks can leave an organization unable to meet contractual obligations. Additionally, an organization can face negligence claims when they fall prey to cyber attacks. The integrity of an organization as a whole is dependent on IT security.
Protection of Public Infrastructures
IT security is crucial specifically for public infrastructures. Most of the world’s services are largely dependent on machine-to-machine communication. Protecting the networks which carry the communications controlling these services is vital. This is especially important because many of these systems are configured to make decisions without human involvement. Without proper security, cyber-attacks may constitute dangers to human life.
Cyber attacks has become an urgent issue and security is now a necessity. The target of IT criminals is your computer network, and the danger continues to escalate. Consequently, as your organization expands its online presence, you will need to update your IT security to prevent or reduce a breach and its resulting consequences .