Do I Need to Worry About Cybersecurity?

What is Cybersecurity?

Cybersecurity is protecting computers, networks, software and programs from an attack, hack and any damage using advanced technology, effective practices and processes.

Why should I worry about Cybersecurity?

One of the most worrying factors of cybersecurity is the evolving and developing nature of security risks. Cyber threats are becoming a common occurrence and it has been recently estimated that ransomware attacks have cost SMB’s upto £75,000 which can be extremely serious to the business and its operations.

Nearly all businesses use technology for critical operations and day-to-day activities involving sensitive data. Criminals are exploiting the weaknesses of companies to attack their data and operations and businesses often run the risk of damaging their reputation, finance and operational activity through a lack of security.

Why are Cyberattacks carried out?

  • For money purposes;
  • To make a Social or Political statement;
  • For disruption or destruction;
  • For spying purposes.

What are the strengths for Cyberattackers?

  • Technical knowledge and expertise;
  • Being able to reach out internationally;
  • Legal approach is weak;
  • Being anonymous.

What is the impact on your business?*

  • Customer information may be stolen;
  • Your business will go down and operations will be halted;
  • Your financial assets will suffer;
  • Your reputation will be damaged;
  • Your intellectual property will be stolen.

*Please note that these are only a few of the impacts. There may be more or less depending on the type of business and the level of attack.

A business should take all measures to prevent an attack and have a robust cybersecurity strategy and framework to maintain security and resilience for the technological infrastructure in the organisation. This should identify, detect, respond to, recover and prevent any future attacks from taking place.

description: What is Cybersecurity? Cybersecurity is protecting computers, networks, software and programs from an attack, hack and any damage using advanced technology, effective practices and processes.

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