Why is it important to address cyber security solutions?

 In our information-based era, cyber threats are becoming the norm and not the exception for companies. Until now, most companies have had a small group of employees responsible for their cyber and computer security. However, recent developments suggest that these organizations need a stronger defense as hackers and malware become more sophisticated. To avoid data breaches and resulting disasters, all industries have taken significant steps to improve the security and compliance of their data across the board.

And it's not just about small businesses. State regulations to protect economies and components have been enacted worldwide. These laws, which you may have heard of, include the Health Insurance Portability and Accountability Act (HIPAA) to protect health information, the Sarbanes-Oxley Act (SOX) to regulate US corporate financial records. USA And the General Data Protection Regulation (GDPR) for companies within the European Union. It is clear that large and small agencies take cybersecurity solutions seriously, and there is good reason for this.

Why is it important to address cyber security threats?

Most companies have recognized the importance of dealing with Internet security and cyber threat detection. With almost two-thirds of a group of small businesses recently surveyed that have been exposed to cyber attacks in the past two years, the risk of a lack of cyber security is increasingly being discussed. These risks include:

Commitment of private data. Today, businesses rely heavily on the data they collect, whether it's market information, various account details, or customers' personal information. When a cyber attack occurs, not only is there a chance for another company to steal this information, but the data can also be altered, dramatically affecting the company's operational security.

Costly recovery costs. A security breach not only compromises information, but can also have potentially devastating financial consequences. Most are "hidden" costs that can affect your business for up to two years after the incident. Regardless of whether it's new IT training, new software purchases, or the lengthy process of recovering lost data, wasting time and money can be devastating.

Weak customer confidence. Of course, customers don't like to hear that their personal information has been compromised. After a cyber attack on a company they originally trusted to protect their data, consumers can stop doing business and look for services elsewhere that not only affect the reputation of the attacked company, but also their business.