TMCnet Feature
March 09, 2021

Why Companies Should Put Effort into Cybersecurity



If you think your company doesn’t need to have advanced cybersecurity, you are wrong. With the rapid development of e-commerce, the Internet has become a go-to place for top-class hackers. Cybercrime is one of the most severe issues happening in the digitized world. It is outnumbering traditional, in-real-world crimes, and the main reason can be company owners’ negligence to put effort into cybersecurity. Many surveys and studies claim that over 30 percent of businesses are susceptible to cyberattacks. So, the sooner the corporations start protecting themselves, the safer their webpages will turn out. This article reveals reasons why every company must consider improving its digital security.



What Does Cybersecurity Do?

In plain terms, cybersecurity assures your company data is safe. It helps prevent attacks coming from different parts of the world. Cybersecurity works in many ways, ensuring all sensitive information is protected. It also protects technology and data from damage, corruption, phishing, theft, or illegal access.

It is impossible to say who or what can be a threat. They are often criminals or dark hackers, competitors, current or former employees, and even partners or co-founders.

Cyber attacks can occur in several ways, including but not limited to:

  • Unauthorized access of hardware;
  • Infecting systems with viruses and spyware;
  • DDoS attacking the web page;
  • Attacking third party systems;
  • Spamming infectious emails;
  • Forcing to reveal critical information within the given time.

Such shoves can cause financial loss, business loss, investment loss, and most importantly, reputation loss.

Cybersecurity Protects From Malicious Software And External Attack

The easiest way to sneak to the computer is to make users install software or click the link. New threats emerge every day, and it is hard to understand which link or app is credible. This jeopardizes both sides, customers and corporations. Whether they buy essay, purchase goods, or order food, one wrong click and their data can be collected by hackers. This includes passwords, credit cards, IDs, etc.

The right approach will reduce the danger of getting attacked. Cybersecurity offers reliable practices to do that. The best example is a firewall, a network security system. Such software protects the entire system from hackers who use external and internal communication links. Also, web proxy protection is an excellent way to keep the customers’ and workers’ data under lock and key. Anti-phishing apps prevent collecting private information for fraudulent purposes. Finally, anti-spam software keeps email boxes safe.

Cybersecurity Develops Collective Security

Understanding the company’s security advances collective security for the sake of the corporation’s success. Not only does every company have to install specific security software, but it also must teach its employees how to utilize it. Unknowing how to act and what to use will make all the malware ineffective and vulnerable. Secure development lifecycle (SDL for short) is essential to security culture. It has activities and tasks the workers agree to complete for every system release. SDL comprises security requirements, testing activities, and threat modeling. In other words, everything employees must know about.

Cybersecurity Increases Customers’ Trust

Although there are GDPR and DMC policies about data protection that apply to every company, people still feel hesitant about their efficiency. Over 60 percent of CEOs declared that it is complicated for businesses to earn and maintain trust in a digital world. Clients want to rest assured that their sensitive data is under protection. And following the mentioned policies is not enough.

The majority of customers stated that banks and hospitals were the most trusted institutions, outranking healthcare and IT corporations. On the bottom side of the rank were social media, real estate, and marketing & advertising. It might be understandable, as the latter categories don’t consider following all the range of necessary regulations that influence how the organization collects, stores, and secures data. These are SOX, HIPAA, FISMA, and PCI (News - Alert)-DSS.

The mentioned is only the iceberg’s peak. Still, they are necessary to encircle both technologies and processes required to build a full-fledged cybersecurity tool. Moreover, they are sought-after by clients, which leaves owners without any choice when it comes to applying security apps or not.

Recapitulation

Every corporation has to put more effort into its cybersecurity. First and foremost, it protects from hackers’ attacks, negatively impacting the corporation’s finance and reputation. Secondly, enhanced cybersecurity also helps nurture collective security. Well-taught workers reduce the chances of undesired data leaks. Finally, security gives customers the sense of being under protection. People value that companies invest in their security. Clients are likely to choose such businesses over those who only rely on established policies.

Author:
Jane Travis is a full-time IT employee specializing in security and data protection. She has been working in the IT industry for nine years. Over time, Jane has created numerous security software widely used by various organizations these days. Jane loves helping out people, and that’s why she started writing comprehensive security-wise articles.



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