Cybersecurity is the defence against harmful cyberattacks, spammers, and fraudsters against internet-connected technologies and networks. Companies employ the procedure to safeguard themselves against phishing scams, ransomware, data theft, privacy violations, and monetary losses.
According to Statista
- Average cost of a data breach worldwide = 3.86m USD
- Estimated value of cyber insurance premiums worldwide in 2025 = 20bn USD
- Share of organizations who pay the ransom after a ransomware attack = 51%
Today’s world is more reliant on technology than ever before, as you can see by looking around. This trend has a number of benefits, from nearly instantaneous Internet access to the modern conveniences provided by intelligent automation technologies and concepts like IoT technology.
It can be challenging to accept that there are possible threats lurking behind every device and platform when technology has done so much good for us. Nevertheless, Cybersecurity issues brought on by modern technology constitute a severe risk, regardless of how favourably society perceives current achievements.
The vulnerabilities in the gadgets and services we’ve grown to rely on are highlighted by the constant growth in cybercrime. We must be mindful of cybersecurity nowadays and the effects it can have on a company if neglected. Let’s have a look at some of the major security concerns which have to be taken care of.
- Network security
- Application security
- Information security
- Operational security
- Disaster recovery and business continuity
- End-user education
