What is Cybersecurity and Why Does it Matter?

What is Cybersecurity and Why Does it Matter?

We have all heard the unanimously-agree quote of “everything has its pros and cons”, right? When discussing the internet, this quote fits perfectly in the situation and makes proper sense. Until the introduction of the internet, communication and data-sharing platforms were purely analog and their protection was fool-proof due to the complex mechanisms.

Although the introduction of digital platforms didn’t decrease the complexity, the possibility of data breaches and interruptions in communications to spy increased at a rapid pace. Hence, the pros and cons of digitalization. However, the dedicated focus on cybersecurity has helped organizations to preserve their data.

Due to the increase in possibilities of data breaches, it is essential to realize the significance of cybersecurity and the implementation of the necessary security protocols.

What is Cybersecurity?

Cybersecurity is a simple yet essential component in the digital world of today. Its constant evolution due to the advancements in data breaches has made it a matter of great importance for organizations across the world.

The basic motive of implementing standardized cybersecurity practices is to have a strong shielding mechanism against any malicious cyber attackers. The data breachers come with negative plans to sabotage and dismantle the target organization. This results in both damage to the company’s integrity and efficiency.

Considering the scale of digitalization, it is safe to say that every business is hovered by potential cyber threats. Hence, it is essential to normalize cybersecurity awareness for the protection of a business’s assets.

Importance of Cybersecurity

Security is a matter of great importance for almost everybody in the modern era. It might be debatable that individual-level security protocols can afford to be relaxed due to the decreased significance of the available data. However, when dealing with organizations, there is a significant increase in the stakes.

Data Security

In the modern era, the importance of a digital footprint for an organization’s activities and its information is essential to build a reputation. Due to the motive of the internet to provide ease of access in finding all you want to know about anything, organizations are compelled to withstand the risk of data breaches while keeping their information online.

Since data has the greatest importance in today’s business and economic models, it is only practical to channel your focus on the protection of your data.

Normalization of IoT Devices

The introduction of IoT (Internet of Things) devices has increased the risk of data breaches. With seamless and real-time tracking of data through a multitude of devices, users are at a high risk every time. Moreover, the ability of the devices to communicate with each other creates a potential bridge that can be breached with great ease.

Cost of Cyber Attacks

There is no denying that the implementation of cybersecurity protocols can be costly for large-scale businesses. However, they can be considered negligible when considering the cost of potential damages that can occur as a result of simple yet devastating data breaches.

According to a report by CSV, the financial loss of cyber attacks can increase to a whopping $10.5 trillion annually by 2025. Due to these staggering facts and figures, organizations are determined to have standardized defense protocols in place to minimize their risks.

With the increase in cyber-attacks and data breaches all around the world, it is a no-brainer that the importance of cybersecurity will only increase with time. However, it is difficult for medium-and-large-scale organizations to implement and regulate standard IT practices without any supervised support. This is why the team at Renascence IT Consulting believes that companies should opt for specialized cybersecurity support to ensure maximum security. This will both portray that the company prioritizes the importance of the preventive measure and allow the company to preserve its important data from being breached.

Cyber Security Threats and How Can You Stay Safe

With the absence or complete eradication of lawlessness, there would be no need for a law, right? Building on the analogy, the domain of cybersecurity and its importance only exist due to the increasing number and improved efficiency of hackers that are willing to bypass the defense protocols.

Here is a list of a few basic cyber threats that are always hovering around our regular data, waiting to penetrate and take advantage of the information.

Malware

The elementary-level security threats that we studied in our schools used to feel very basic. However, modern-day cyber threats are primarily based on the same basic threats.

Malware is one of the few security threats that can be considered malicious software such as a virus, or ransomware. The motive of a virus or ransomware is to inflict a significant amount of damage to the user. Although a virus can only have the capabilities of infecting and polluting certain information, ransomware is specially designed to abuse the collected information for certain benefits.

Denial of Service

Denial of Service (DoS) attack is one of the most common cyber attacks that has the capability of interrupting the regular working of a computer or network by bombarding an unrealistic amount of requests in a short duration. This results in system failure and crashing issues for the targeted service.

An advanced technique of a DoS attack is a distributed DoS (DDoS) attack that does the same thing, but with concurrent users to increase the effectiveness of the attack. The duration of disability of the network is enough for the attackers to implement their data breaches.

Social Engineering

One of the most complex, yet effective types of cyber threats is social engineering. The concept of social engineering relies on a hacker mingling with the target in a particular way that the target agrees to share or perform certain steps that can benefit the attacker. This advanced-level strategy is purely reliant on the qualities of a social-engineering expert that has the capabilities of extracting secure and classified information from the users.

Considering the variety of threats that can be performed by attackers, the importance of cybersecurity and the presence of standardized security protocols is at an all-time high. This is why different IT consulting firms are often seen recommending different organizations to provide seamless support to ensure that the data protection remains intact.

With advancements in security protocols, the breaching methods have also upgraded to penetrate the advanced preventive measures. Hence, a collective effort is required from specialized security professionals and organizations to maintain state-of-the-art security protocols.

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