Even in this day and age, cybersecurity is still an extremely important endeavor. Technological advances continue to thrive and improve in this ever-changing landscape. Although it is tempting for some individuals to believe that this technology has far outpaced the cybercriminals that are present on the ominous horizon, unfortunately, this just isn’t the case. They too have evolved, improving upon their old methods and becoming more sophisticated. So, what is a person to do? How do they protect their data from falling into the wrong hands? Sometimes the best solution is the simplest one. You simply need to realize that yes, cybersecurity can still present a huge asset to your business endeavors, and here are some reasons why.
Threats Are Evolving
The day where you immediately think of the stereotypical high school kid in his parent’s basement has long since disappeared. In today’s world, hackers are much more advanced. They are not only able to get into your system, but they are also able to fully encrypt their malware so that they are much harder to detect. This is why it really would behoove you to train all of your users on what to look for in order to be able to tell if their system is under attack. The average cybercrime costs millions and sometimes billions of dollars for a business’ infrastructure.
Costs Are Increasing
The financial burden of cybercrime continues to go up, the average cybercrime costs businesses time and money. For example, the damage caused by hacking is slated to cost significantly more than it used to. Independence University explains that the cost associated with cybercrime attacks totals over $400 billion, an increase of over $250 billion in just two short years. Moreover, ransomware damages exceeded $5 billion for the first time in 2017. This is in addition to 69 percent of organizations having the belief that the threats they are encountering cannot be erased by the anti-virus software they are currently using.
Hackers Are Going After Smaller Organizations
Because large businesses have gotten wiser and more advanced in regard to cybercrime, hackers have now started going after smaller businesses that have a thousand employees or less. Varonis cautions that this can definitely have some detrimental effects as 61 percent of breach victims were with companies with this amount of people in their workforce.
More Personal Information Is Being Shared Online
Besides the fact that cybercriminals are getting much smarter, one of the things that is really making things much more complicated would be the fact that more and more personal information is being shared online. There are many online apps that request ridiculously personal data, and this can really cause things to get compromised, especially if these apps were to fall into the wrong hands. Techwell warns that it definitely makes matters worse when you consider that some of these apps don’t have the best security policies to keep their clients safe.
We Are More Connected Than Ever Before
In this day and age, there is literally almost nothing that we do that isn’t online. Security Today talks about how the books we read are online, the music we listen to is online, and even the car we drive can go online. Thus, if a hacker really wanted to, they could truly wreak havoc on our lives and find out all kinds of information about us.
As you can see, there is still a need for cybersecurity in today’s world. The last thing anyone wants is for some random crooked hacker to have the ability to get ahold of someone’s personal information. This is why the cybersecurity industry is alive and well in 2019.
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