With many modern companies operating online, it is essential for the smooth running of their operations to invest in cybersecurity. If they don’t, they could leave themselves vulnerable to a cyberattack, which could destroy their finances, reputation, and longevity.
If you have yet to protect your business from cybercrime, your organization could fall vulnerable to an unwanted hacking. Find out why cybersecurity is now a necessity.
Sophisticated Cyberattacks
If your business has vulnerable systems or a website, it could provide an intelligent cybercriminal with a direct entry into your network. With cyberattacks becoming increasingly sophisticated, a hacker could quickly enter your network, steal or destroy your data, or hold your files to ransom.
In fact, many cybercriminals receive funding to both coordinate and execute a cyberattack against both large and small organizations, so you must take the threat seriously, if you have yet to do so. To ensure you never experience hacking, visit mcafee.com to improve your security awareness and effectively defend your organization from a cyber threat.
The Cost of a Data Breach
Unless you want your business to receive an expensive fine and a loss in custom, you must defend your business from a cyberattack as much as possible. If you don’t, you could be fined thousands of dollars following a data breach.
What’s more, hacking could seriously damage your brand’s reputation and revenue, as customers could lose faith in your brand and its operations so that they may turn to your industry rivals.
GDPR Regulations
The recent introduction of GDPR by the European Union is another reason why companies must start taking their cybersecurity seriously. A failure to care for personal data of EU citizens can result in a business receiving a heavy fine following a data breach, which will be either €20,000 or 4% of a company’s global annual turnover.
Businesses of all sizes are, therefore, required to introduce various organizational and technical measures to effectively protect personal data, while detecting, investigating and immediately reporting all data breaches.
The Rise of IoT Devices
Smart devices, often referred to as the Internet of Things, are making it easier to connect to the internet and other devices. However, the innovative technology could provide cybercriminals with a direct route into a business network, as they could gain access via an employee device.
With smart devices growing in popularity, and cybercriminals developing sophisticated hacking techniques, it is likely to become a serious problem for companies in the not-so-distant future. For this reason, it is vital for organizations of every size to routinely embark on vulnerability assessments to both identify and resolve a potential risk to avoid a data breach.
Conclusion
With hacking tactics becoming increasingly sophisticated and new technologies emerging year after year, it is imperative companies of every size remain up-to-date on the latest threats that could affect their organization. They must then use this new-found knowledge to effectively protect their network by investing in the finest cybersecurity tactics and tools, which will ensure the smooth running of their business.
Author’s Bio
James Daniels is a freelance writer, business enthusiast, a bit of a tech buff, and an overall geek. He is also an avid reader, who can while away hours reading and knowing about the latest gadgets and tech, whilst offering views and opinions on these topics.