Reasons Why Cybersecurity is Essential for Your Business

Why Cybersecurity is Essential for Business

We all know that our digital lives are increasingly becoming a part of what makes us who we think, do, and believe. In this way, security becomes imperative for personal safety and protecting the economic well-being in today’s connected world!

Cybersecurity is essential to businesses because it protects their data from hackers and the damage caused by the attacks. Without it, organizations cannot protect themselves against the inevitable onsets of attacks perpetrated by hackers.

It is essential to understand the psychological impact that the daily use of technology has on us. Our world is becoming more connected every day, and we spend most of our time online. It is critical to understand the effects of these changes, and that is where cyberpsychology comes in.

Cyberpsychology is an emerging field in the tech industry. It studies the psychological effects of technological interactions on the human brain and behavior. It shows how humans behave online while using – and as a result of using technology.

It is too early to say whether cyberpsychology will become an in-demand field as it is a relatively new field of study.

However, it will become a valued background in the future because it is crucial to understand the effects technology has on us.

Those interested in pursuing a career in this field can opt for an online MS Cyberpsychology program to learn the ropes and hone their skills. The program opens up the following career paths for you:

  • Clinical Research Manager
  • Cyber Analyst
  • Digital Forensics Consultant
  • IT Security Manager
  • Researcher
  • UI/UX Designer

With that said, let’s get into the importance of cybersecurity for businesses. 

Protection of Sensitive Data

Cyber security allows you to invest in many tools, keeping all your sensitive data protected from hacking attempts. It protects businesses against information loss and monitors third and fourth-party vendor scams. Data leaks can be crucial in giving access to hackers to internal network resources and data and, if left unattended, prove fatal. A good cyber security program routinely scans for these exposures and compromised credentials against these attacks.

Protection against Social Engineering Attacks

Cybercriminals use various social engineering methods such as Baiting, Honey Trap, Pretexting, Quid Pro Quo, Spear Phishing, Tailgating, Water holing, and Whaling. Social Engineering is generally used as a passive attempt at manipulating individuals into relinquishing their personal and financial information (such as security credentials at a law firm).

Protection against Phishing Attacks

A phishing attack is a type of breach that targets specific information, such as login credentials or bank account numbers. The purpose is to gather information to either be sold without authorization or used to conduct a more organized cyber-attack. A cyber-security protocol can be the difference between a failed attempt and your data getting stolen. As a security awareness program, it can train employees to recognize a phishing attack as a preventive measure. It can also be a layered package by including top-tier antivirus programs, anti-spyware and ransomware, web security gateway filters, and spam filters.

Protection against Clickjacking

Clickjacking has emerged as a method used by hackers to avoid detection by cyber security experts. It acts as a cloak, usually a seemingly innocuous webpage that has a hidden layer filled with malicious links and software. This undetectable malicious link can wreak havoc if left to its own devices. A comprehensive cyber protection program will have measures to protect against server-side clickjacking, x-frame deny directives and frame-busting scripts.

Protection against Typosquatting

Commonly called “URL Highjacking,” typosquatting is a particular type of cyber-attack. It targets people who make a typo mistake while typing their URL address. This can be very dangerous because the person who made a mistake is usually unaware that they are navigating, accessing, or shopping on a “dummy” website. A good cyber security program will implement measures to account for wrong URL addresses, dummy websites, misspellings, typos, hyphenated domains, domain parking, and false domain extensions. It does so by registering closely-related typo domains and redirecting them to the host website. Another critical measure included in a security program is to apply for SSL certificates, which gives credibility to your website domain.

Protection against DDOS Attacks

A DDOS or Distributed Denial-of-Service, attack overloads a web server and makes it inaccessible. What makes a DDOS attack so destructive is that it does not just target a web server but can also be used against any service connected to the internet. It includes networks, databases, mobile devices, etc. To combat a DDOS attack, a team of highly skilled cyber security experts implements security protocols, limiting the response rate of ICMP packets.

Increased Productivity

Viruses can infect business workstations andnetwork-connected personal devices, bogging them down, making work practically impossible. A good strategy is to have a cyber-security team or program to increase productivity and limit hacking attempts. Knowing you have reliable security will ease your mind and help you focus on improving your business structure and daily workflow.

Trust

A security breach is crucial to make sure you are protecting your reputation andyour data. Your reputation will garner more clients because they know their data and business are safe with you! While some strategies might be a little expensive, they more than makeup for their cost by helping you save thousands of dollars in reparations or lawsuits.

Conclusion

Cybersecurity is an essential tool that businesses must have in their arsenal to defend against data breaches. Research has shown that data breaches are rising at an alarming rate. In addition, hackers have become more experienced in bypassing security measures, and their attacks have become more sophisticated. Therefore, having antivirus software or firewalls installed will not protect organizations anymore. Nowadays, regardless of its size, every business is at risk of getting its data stolen.

You might also like our TUTEZONE section which contains exclusive tutorials on how you can make your life simpler using technology.

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About the Author: Ranjit Ranjan

More than 13 years of experience in web development projects in countries such as US, UK and India. Blogger by passion and SEO expert by profession.