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. When management does a PEST analysis, then cybersecurity has to take up a part of the discussion. Thus, making it more challenging for organizations to stay cyber secure. With cyber threats becoming more and more sophisticated, and with almost one-third of US businesses having suffered a data breach, it’s expected to see businesses making cybersecurity one of their highest priorities.In fact, 40% of companies claim that cybersecurity is, and will remain in the next 12 months, the top priority driving their technology spending, according to a report by ESG. Why is Cyber Security Awareness Important? October 3, 2019 gotowebs Application 0. Cyber security differs from information security, which covers a much wider area – including all information assets such as hard copies of files. Why cyber security is important for modern day society? It is no surprise to see that cybersecurity is constantly on a rise and there is a lot in store for the near future. The fact is that every organization has a blind spot that often causes them to miss or overlook important stuff. And as we have stepped into 2020, we can already see massive challenges in cybersecurity due to the recent occurrences of cyber scams. Cyber security initiatives have recently accelerated in response, as a means for businesses to stay one step ahead of potential threats. 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. Thousands of infected web pages are being discovered every day. In order to bridge this gap, it is important to provide individuals working in an organization with the right cybersecurity awareness training. The cyber attackers make use of new methods that are powered by artificial intelligence and social engineering to evade the traditional methods of security. Twitter. Besides, it is not just the financial damage that could cost but also the reputation of the firm along with loss of customer trust in the business. Moreover, the cyber-attack vectors such as ransomware, phishing, cyber scams, risk of removable media, etc. Most of the people now a days are using computer system, mobile device, tablet, and smart devices. Phishing, ransomware, cyber scams are some of the common yet highly dangerous cyber-attacks that are designed with the motive to access and exploit the user’s sensitive data and extort money out of it. It is better to take preventive measures now than later recovering the after damages of cyberattacks. Almost every organization nowadays, use cloud storage services like Dropbox or Google Drive to store their confidential data and sensitive information. Tags: Company security, Cyber crime, New business, Online security. Here are five reasons why cyber security is more important than ever, regardless of the size of your company. It will protect company data by preventing threats and vulnerabilities. As we have entered into this new decade, we can already see new challenges arising in cybersecurity since day one! This creates gaping holes in cyber security, making it easy to breach their defenses. The rest of 23% work in a “work-and-home” (hybrid) or on-premises environment. 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. In case of Cyber-attack company’s whole confidential data is at stake, entire company’s shares goes down and there are chances of company going bankrupt. The importance of cyber security The importance of cyber security is growing as smartphones, computers and tablets become even more integral to our daily working and personal lives. A significant proportion of cyber crime also goes undetected, particularly industrial espionage where access to confidential documents and data is difficult to spot. However, hackers are also likely to target smaller companies due to the fact that they are more vulnerable. The introduction of IoT technology i.e. In fact, our companies are still not immune to these evolving cyber-attacks. Why is Cybersecurity Important for Companies Today? Most enterprises put cyber defenses in place and then forget about it. As such, cybersecurity insurance policies are a great tool for forced compliance with cybersecurity plans. 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. This could be something as minor as your work laptop or mobile phone not working properly for a few days and upsetting your normal day-to-day operations. The list of companies falling victim to cyber attacks continues to expand. With cyber attacks occurring every 14 seconds , firewalls, antivirus software, anti-spyware software and password management tools must all work in harmony to outwit surprisingly creative cybercriminals. But educating employees in making smart cyber defensive choices can definitely reduce the chances of cyber risks! Interestingly, 50 percent of these cyber security professionals stated that they got no vocational or practical cyber security training from their companies. According to Symantec, over 43 percent of cyberattacks in 2015 were targeted toward small businesses — and this number will only rise. 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