Cyber security basically implies to the practice of protecting systems, network, data and hardware from diverse types of digital attacks. The cybercrime damages across the world are projected to go beyond six trillion dollars by the end of 2021. Lisa M. Cannon MD mentions that due to the great financial harm cyber crimes can cause, tech companies, banks, government agencies, hospitals and several other organizations are investing in cyber security infrastructure. Cyber security solutions not only help people to protect their business practices and also various customers that trust them with their data.
Cyber security would be of utmost importance for any organization that desire to protect diverse categories of data they have from damage and theft. According to Lisa M. Cannon MD, this can include protected health information (PHI), personally identifiable information (PII), personal information, intellectual property, as well as governmental and industry information systems. Any organization that does not have a proper cyber security strategy in place shall not be in the position to defend themselves against data breach campaigns, thereby making it a big target for cybercriminals.
In the contemporary environment, both inherent risk and residual risk is increasing in regards to cyber security. These risks are to a great extent driven by global connectivity, as well as the usage of cloud services to store sensitive data and personal information. Widespread poor configuration of cloud services, along with increasingly sophisticated cyber criminals can put an organization at high risk of suffering from a successful cyber attack or data breach. The days where firewalls and antivirus software were adequate for being used as sole security measures are long gone. Modern day business leaders can no longer be so casual about cyber threats. These threats may come from any level of an organization. Lisa M. Cannon MD points out that must educate their staff members about simple social engineering scams like phishing, and even more sophisticated attacks like ransom-ware or other malware designed that are designed to steal personal data or intellectual property. No matter the size and scale of a business, or the industry it operates in, cyber security is something they cannot ignore. Security incidents tend to impact companies of varying sizes on a regular basis and may lead to irreversible reputation damage.
A robust cyber security infrastructure shall include several layers of protection that is dispersed through the computers, networks and programs of an organization. With cyber attacks becoming extremely frequent today, antivirus software, firewalls, anti-spyware software, as well as password management tools should work together in harmony to outwit savvy cybercriminals. Owing to the high stakes modern companies have in regards to data, it is not hyperbolic to consider that the cyber security tools and professionals often end up acting as the last line of defense between the most vital information of a company and digital chaos. All businesses must be proactive about seeking out best in class cyber security solutions for their company.