What is cybersecurity?
Cybersecurity is the application of protection systems, networks, and programs to protect divides and data from cyberattacks.
Why is cybersecurity important?
There has been a rise in cyber attacks in recent years and in 2020 alone over 155.8 million individuals were affected by data exposure. This is causing millions of dollars in damages to recover the data and penalties paid through fines. Here are some examples:
Facebook, the social media giant, had over $540 million user records exposed to Amazon’s cloud computing service.
Equifax, the global credit rating agency, experienced a data breach that affected a staggering $147 million customers. The costs of recovering from the hack were recently estimated at $439 Million.
First American Corporation had $885 million records exposed in a data breach that included bank account info, social security numbers, wire transactions, and mortgage paperwork.
The UK National Health Service (NHS) was temporarily brought to its knees by a relatively rudimentary ransomware attack, resulting in canceled operations and considerable clean-up costs.
Yahoo, the web giant that suffered a breach affecting every one of its 3 billion customer accounts. Direct costs of the hack ran to around $350 Million.
No matter how big or small a business is, it is at risk of being a target for cybercrimes. It is important to have a prevention plan in place before a disaster happens. The risk of cyberattacks is constantly increasing and for businesses and institutions it is no longer a question of “if” it will happen but rather “when”. This is why cyber security is important.
To minimize the risks of cyberattacks, follow basic cybersecurity best practices:
- Keep software up to date
- Run up-to-date antivirus software
- Use strong passwords
- Change default usernames and passwords
- Implement multi-factor authentication (MFA)
- Be suspicious of unexpected emails
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