11 Nov What is cybersecurity: Everything you need to know
With the increase in data breaches, many IT companies have added cybersecurity solutions to strengthen the security of their business processes to improve efficiency. Cybersecurity plays a vital role in protecting data and networkers from malicious attacks on the server.
According to a report by the University of Maryland, hackers used to attack every 39 seconds, which is an average of 2,244 times in a single day. As per security intelligence, the average cost of a data breach was $3.92 million in the year 2019. As of November 2020, the average cost of a data breach is $3.86 million, which was higher in 2019.
If you are planning to incorporate cybersecurity solutions for your business, you need to know what is cybersecurity and its importance for your business.
What is Cybersecurity?
Cybersecurity is one type of technology designed to protect networks, computers, devices, programs, and data from unauthorized users, hackers, and other suspicious attacks.
In today’s world, companies use the Internet to promote products to engage with their customers and retailers to purchase them and make payments online.
Hackers and cybercriminals use the Internet as a threat to increase malware to perform cyber attacks. These attacks intend to steal the data to modify and destroy the information or extract money from victims.
Cybersecurity utilizes practices and methods designed to protect your networks, computers, and software programs from such attacks.
Challenges of Cybersecurity
The company needs to plan and implement the best methods to make effective cybersecurity of its business. Cybersecurity is becoming more challenging for large-scale enterprises to protect their data in the world of cybercrime.
For example, the attack surface of big enterprises would be considerably high as compared to small and medium-sized businesses.
Types of cybersecurity
The following are the types of cybersecurity and its major role in the business;
Network security: It is the process of protecting the network from unauthorized users, attacks, and interruptions.
Application security: It intends to defend apps by constantly updating and testing to ensure they are completely secure from such attacks.
Database and infrastructure security: Databases and physical networks are presented in every network. Cybersecurity is quite essential in order to protect these networks and devices from attacks.
Endpoint security: It is the process of defending remote access to the network of a company. Remote access is an important part of any online business but sometimes, it can be a weak point for your data.
Data security: It includes the data security of inside networks and applications. Data security protects customer data and business information by providing an extra layer of security.
Cloud security: Thousands of files are stored in the cloud server. Protecting these files stored in the cloud is a bit challenging for your business.
Identity management: It is an essential process of understanding the access the employees have in a company.
Types of cyber attacks
There are numerous types of attacks that may cause threats to your computers, networks, software programs, and other devices to steal the information and customer data of your business.
Phishing Attacks: It intends to steal the user’s data in the form of login credentials, credit card numbers, UPI Pins, contact numbers, and email addresses that hackers obtained from the Internet and other connected devices.
Viruses: Viruses are one type of malware program designed to cause harm to the user’s computer, system, and device.
Identity Theft: It is the process of stealing the user’s private data from social media platforms, including Facebook, Instagram, Twitter, and many more.
SQL Injection Treat: SQL is one of the oldest objects of cybersecurity breaches. SQL is an acronym for Structured Query Language in which you make queries. The spammers send malicious queries to the system or server to cause the threat.
Password Attacks: It is one type of security threat that requires hackers to put their efforts to decode the passwords of the user and steal the information.
Cross-Site Scripting (XSS): It is a type of cybersecurity attack where the hacker sends malicious code to a leading company’s website. The attack may occur in case the website allows the same code to attach to its own code.
Man-in-the-middle attack: The man-in-the-middle attack is the most occurring security breach where attackers place themselves between the communication of a client and the server. The attack often occurs when a client shares some sensitive information in the middle of the conversation.
Spyware and Keyloggers: This type of attack often occurs when the user downloads and installs software or application from suspicious websites. The attack intends to collect user information, login credentials, browsing history, and much more.
Importance of Cybersecurity for your business
Cybersecurity is quite essential because the government, corporate, military, financial businesses, and medical organizations manage, collect, process, and store massive amounts of data on computers, software programs, and devices.
The data managed by these organizations can be data of sensitive information in the form of financial data, personal information, customer data, intellectual property, or other types of information data that should be completely protected from unauthorized access.
Companies use to transmit these sensitive data through networks and systems for doing their businesses. Cybersecurity utilizes technological methods to protect data and information stored in computers or systems.
With the growing use of cyberattacks, organizations that deal with online eCommerce and financial services needed to take an extra step to strengthen the security of their business with cybersecurity solutions.
The importance of cybersecurity can easily understand through the examples of the biggest data breaches that happened across the globe;
As we already discussed, data breaches happen every 39 seconds, they are not just limited to only tech companies, but many other industries as well in the world. Many top multinational companies, including Marriott International, Apple, Google+, Quora, Twitter, Zoom Meeting App, Magellan Healthcare, eBay, Adobe, LinkedIn, NetEase, MySpace, Apollo, Uber, Yahoo, and Facebook became a victim of a data breach.
Thus, cybersecurity is quite essential because it encompasses everything, including protecting your business and customer data, personal information, and much more from cybercrimes and damages attempted by attackers and hackers.
To Sum Up
The above-listed cyber-attacks are the attacks mostly attempted by attackers and hackers to steal the data and information of your online business. In order to protect your customer data and business information, cybersecurity is quite essential for your business in the digital age.