Cyber attacks have become extremely common in the modern environment. Certain recent reports even suggest that hackers tend to attack a computer in the United States in every 39 seconds. Michael Coppola mentions that these cyber attacks tend to be aimed both at individual entities and business organizations. This factor makes it vital for all people today to invest in proper cyber security measures. Cyber security basically refers to the various types of technologies, processes, and practices that are specifically designed to protect digital networks, devices, programs, and data from attack, damage, or unauthorized.
Cyber attacks across the world are continuously on the rise, thereby making investing in solutions that can reduce these risks more important than ever. Certain reports suggest that global cybercrime damage costs will reach $6 trillion every year by 2021. Michael Coppola mentions that to make sure that a person or their business does not lose out on their finances due to cyber attacks, it is crucial that they invest in proper cyber security solutions.
Almost all people today would have heard of firewalls and anti-virus software. These solutions basically provide people with a layer of defense against the diverse hackers on the web who try to gain access to unauthorized data. The reasons to invest in cyber security are numerous, especially in regards to modern commercial organizations.
Here are a few pointers underlined by Michael Coppola that underlines out why investing in cyber security is extremely important for business enterprises:
- Protects Data: All businesses tend to work with a huge amount of data in the 21st century. Both employee and customer data tend to be extremely sensitive in nature, and hence have to be protected to prevent the risks associated with identity theft or financial damage. Having proper cyber security solutions in place at a business can work wonders in reducing this threat and protect the integrity of data.
- Financial Damage: Making money is the core aim of any business organization, and cyber attacks can hit them where it hurts the most. Ransomeware demands are the most obvious and common type of cyber attacks that can cause great financial distress for a company and impact their revenue streams. There are many cyber attacks that can also cause irreparable damage to the business hardware resulting in the need for new purchases.
- Maintains Productivity: While most people still have an idea about how cyber attacks can cause damage to data and finance, most people do not know that it can also hamper the overall productivity of a company. For example, if a ransomeware attack hits a business network, then it is likely that their critical files would go out of action. This would invariably imply that the company employees would not be able to work on those files, and it shall considerably impact the productivity levels of the business.
These were three of the key reasons why all businesses need to invest in adequate cyber security solutions.
