Everyone should know the risks of modern day technology; it is simply said, one of the many realities of doing business today. Cyber attacks are more and more frequent on both huge conglomerates and small businesses.
Any computer system can be breached if not protected by some kind of cybersecurity software; part of the problem with the rise of technology.
Just last year, more than 10,000 organizations across the world were hit hard by ransomware software. These attacks cause a lot of the organizations to derail massively.
As we mentioned, the best way to protect your business from cyber attacks is to employ cybersecurity. And in this article, we are going to tell you all you need to about cybersecurity.
1. Everyone is a target
You might be under the assumption that hackers only target huge companies who have lots of valuable data to steal or have lots of money able to pay off the ransom. But that could not be further away from the truth. While all the reports we’re hearing on the subject are related to huge, high profile, organizations, a Ponemon Institute stated that almost 55% of cyber attacks are targeting small to medium size businesses.
If your business uses any computing device or the internet, chances are you are going to be targeted by cyber attacks at some point. Your website might be the focus of attack, your cloud accounts, and your data is also at risk. Since most cyber attacks are being carried out by autonomous and malicious software, the size of the target doesn’t really matter, and everyone is a target.
2. Cybersecurity stops data breaches
The most common types of cyber attacks are data breaches according to alliancetechpartners.com, a tech company based in St Louis. A data breach is a type of cyber attacks that aims to steal your valuable data by gaining access to your database. Once a hacker gains your data, it is then sold on the black market for financial profit.
The focus of attacks is businesses that have any kind of customer information such as e-commerce, online support, CRM, etc. These types of businesses are the prime targets, no matter the size of the business.
3. Cyber attacks can protect you against ransomware and malware
Another common type of cyberattacks is ransomware and malware. Cybersecurity has had to evolve much in order to cope with the various types of cyber attacks, and they can offer a solid base defense against malware and ransomware. Ransomware is a type of threat that infects your system, encrypts your files, and a message usually comes stating to pay a certain fee.
The fee can be any amount of money that they hacker wants, ranging from $500 for small businesses to up to $500,000 for huge conglomerates. Cybersecurity software can greatly help you in stopping these attacks by detecting the malware and ransomware and dealing with it before it even affects your system. While there are no assurances that cybersecurity can stop any kind of malicious software from infecting your systems, it can certainly help. And it’s certainly better than having no such defense.
It’s safe to say that most ransomware attacks will demand money paid in Bitcoin since the nature of cryptocurrency is to be untraceable.