Things You Need to Know About Cyber Security

In this time, when we are so dependent on the Internet for our daily tasks from shopping to banking and whatnot. It’s like a casket where we store all our personal data such as photos, login credentials, account details, etc. With an increasing dependency on the Internet, it’s even more crucial to safeguard the information. No business is good without a robust security system in place. So, when it comes to the Internet, having efficient cybersecurity services should be your utmost priority as a business.

In this article, we’ll make you understand the importance and the need for cyber security. Also, how it plays a role in different industries.

Let’s begin understanding what cyber security is.

Cyber Security

Cybersecurity is a procedure referring to the protection of any sort of critical information from digital attacks. It is a layer of defense for your electronic devices. Whether it’s a mobile phone, laptop, or anything else connected specifically to the Internet.

Significance of Cyber Security

In this emerging digital world, cyber security holds immense importance. The more you use the Internet, the more vulnerable you become to cyber attacks. Even one security breach can have widespread consequences. For instance, the Equifax data breach of 2017 exposed the private data of around 147 million people. Similarly, the Marriott data breach in 2018 leaked the private information of about 500 million guests.

Such cyber breaches not only impact an organization financially but also leads to a decline in customer trust. Thus, cyber security is vital for both businesses and individuals to keep them from the potential harm it can cause.

Importance of Cyber Security in Various Sectors

To understand the importance of cyber security, we need to know how the leak of sensitive information can affect different sectors. A few of those are explained below.

• For students: Students are often the target of cyber attacks. Their personal information such as Social Security number or bank card details can be stolen by hackers. This crucial information can be exploited to perpetrate identity theft. This can create a difficult situation for students by ruining their credit to obtain loans for college. In worst-case scenarios, Identity fraud can get you behind bars as it’s a federal offense.
• For businesses: Data breaches in businesses or organizations can lead to data leaks of millions of individuals. One example of such a case is the data breach of Target. Hackers got access to customers’ credit and debit card details. The breach caused Target millions of dollars to pay for the damages. Along with losing consumer trust.
• For banking institutions: JPMorgan Chase data breach 0f 2014 is one real-world example of cyber threats in the banking sectors. Here, hackers got access to everything from addresses to phone numbers to email addresses of 76 million households. The breach also included the account information of 7 million small-scale businesses.

Now, you can see the consequences of cyber attacks in different industries, the importance of cyber security exists without being stated. Different sectors demand different security measures, and to get that they invest well in cybersecurity solutions.

Most Typical Cyber Attacks

Following cyber attacks are the most common:

1. Phishing
2. Malware
3. Denial-of-service (DoS)
4. Man-in-the-middle (MITM)
5. SQL injection

Some Common Ways to Protect Your Data

There are some practices that you can follow on an individual level for which you don’t need any cyber security services company.

1. Keep strong passwords
2. Avoid reusing passwords
3. Keep updating software
4. Enable two-factor authentication
5. Don’t fall for Phishing attacks

Conclusion

Imagine what a piece of crucial information in the wrong hands can do. As the usage of the Internet is on the rise, the threats are increasing with it. It’s important for businesses to keep cybersecurity services in check so that they stay up to date with security measures.