Cybersecurity and Why It Is Important in Business

Cybersecurity and Why It Is Important in Business


With more and more daily business activities moving online it is becoming increasingly important for companies to ensure that no one is attempting to steal their data or money. That why cybersecurity plays a significant role in business.


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Cybersecurity involves the protection of computer-based equipment and information from unintended or unauthorized access changed or destruction. A cyber attack takes several forms including :


  • Theft or unauthorised access of computers, laptops, tablets or mobile devices 


  • A remote attack on IT systems or websites


  •  Attacks on information held in third-party systems such as cloud devices.



Effect of CyberAttacks


If cyber-attack strikes it can result in financial losses 

  • Increase cost recovery and replacement 


  • Damage reputation 

  • Damage other companies that the attacked company is connected to.



Four Main Types of Cyber Attacks 


Denial of service 

Such an attack successfully prevents the authorised functionality of networks systems or applications by exhausting resources. Once your system is attacked in this manner the hackers normally asked for a ransom or fee to regain access to files.


Malware, Worms And Trojan Horses

these attacks are deadly viruses which are spread by email instant messaging malicious websites and affect non-malicious websites.


Botnets and Zombies 

A botnet is an aggregation of compromised computers that are connected to a central controller. The compromised computers are often referred to as zombies. Botnets which are designed to steal data are improving their encryption capabilities and thus becoming more difficult to detect.


Scareware 

More commonly understood as a fake security warning. This types of attacks can be particularly profitable for cybercriminals as many users believed the following warning that tells them their system is infected and then tricked into downloading and paying for special software to protect their systems.


It is very important for users and companies to protect themselves from the threat of scams, data thefts and other online vulnerabilities. This can be done by what informations assets are critical to your business,

  • what kind of risks  can it be exposed to 


  • what legal and compliance requirements Is your business subject to 



Implementing 


  • You need to Put in place the right security controls to protect your equipment Information IT systems and outsource IT services.


  • Those your staff know what their responsibilities are 


  • If you are attacked or something goes wrong how will deal with it and get back business? 


Reviewing 


  • Are you reviewing and testing the effectiveness of your controls?


  • Are you monitoring and acting on the information you received from them? 


  • Do you know what the latest threats?



By Asking and Answering these related questions business can better mitigate cyberattacks and prepare effective cybersecurity measures.

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