Cyber security is an exact solution that is sought either by a billionaire with massive business or an innovator with a small start-up or even an individual who risks personal data online. Let’s see more…
“Security used to be an inconvenience sometimes, but now it is necessary all the time.” – Martina Navratilova
This quote accurately articulates the importance and significance of privacy and data protection in the 21st century. From Twitter hacks of billionaires such as Elon Musk and Jeff Bezos to everyday data breaches faced by companies and individuals. Cyber security has only proved to be more relevant as technology becomes more accessible, affordable, and advanced.
Cyber security, an essential field for today’s times, refers to securing digital infrastructure such as networks, systems, & so on from attacks. When individuals and businesses practice & enforce cybersecurity measures, they protect themselves and their assets on computerized systems from unauthorized access. Cyber security is not just for the rich and the successful, but also for those who share their data online to access basic services. Here are a few reasons why cyber security is super relevant today:
Cyber-attacks affect everyone
Cyber attackers do not choose an entity based on the bank account of the individual or the firm. It can affect anyone, be it an ordinary individual or a big company. According to research conducted by Clark School at the University of Maryland, hackers attack a computer every 39 seconds. Cyberattacks affect big businesses and individuals who disclose their information and sensitive data over websites. This may not be secure or are vulnerable to hacking
Cyber-Crime damages to exceed $6 trillion by 2021
Perhaps the most hard-hitting fact about cybercrime that validates the need for cybersecurity is the numbers associated with them. While cybercrime damages are predicted to exceed a staggering $6 trillion by 2021, the global spending on cybersecurity measures is projected to exceed $10 billion. This propels the need for cybersecurity in the digital age. Also, highlights its importance for everyone to protect themselves against these catastrophic losses.
Incapacitation of organization
Did you know that businesses face over 4000 hacks using ransomware
every day? Lack of proper cybersecurity can lead to the overall
incapacitation of organizations, big and small.
Apart from these attacks from hackers, businesses can incur huge fines
amounting to more than £122 billion if they fail to adhere to data
protection laws. This is what we say incapacitation of organizations, a
process through which they get helpless and are unable to grow or carry
out their day-to-day functions. Hence, organizations can go bankrupt
from both ends, and this is why cybersecurity is imperative for them.
What other Web threats can Cyber Security address?
Cybercrimes are not limited to businesses and organizations. Every day, consumers on the internet can be victims of phishing schemes, data breaches, identity thefts, and financial losses. According to a Netscout report, it takes only 5 minutes for an internet-connected device to be hacked, be it a smartphone, an automobile computer, a smart TV, or a home control system. Therefore, cyber security involves safeguarding everything and everyone, everywhere.
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