Why Cyber Security Should be in Top of the List

Phishing, ransomware and crypto jacking are among the top cyber security threats. The industry continues to suffer from a severe shortage of cyber security professionals and experts warn that the stakes are higher than ever. Cyber security encompasses everything which pertains to protect sensitive data, personally identifiable information, protected health information. Personal information, intellectual property, data and governmental and industry information systems from theft and damage attempted by cybercriminals.

Day by day, cyber security risk is increasing, driven by global connectivity and usage of cloud services, like AWS, to store sensitive data. Poor configuration of cloud services is nicely paired with increasingly sophisticated cybercriminals – the risk your organization would suffer from a successful cyber-attack is on the rise. Cyber-attacks have become quite common nowadays, it can come from any level of the organization. You should educate your staff about phishing and malware scams to steal intellectual property or personal data.

The economic impact of Cyber Security Attack - Every year, cyber security problems and attacks cause billions of dollars of loss. For example, multiple high-profile Twitter accounts were compromised in July 2020, which was one of the most brazen cyber-attacks of recent times. Barack Obama, Joe Biden and Bill Gates were among the accounts which apparently had been hacked to promote a scam asking users to transfer Bitcoin in order to get twice the original amount back. According to Blockchair data quoted by the New York Times, Bitcoin worth $118,000 had been transferred to the dubious account.

Increased Cyber Security Threats - Information theft is one of the most expensive and fastest-growing segments in cybercrime. Mainly by the increasing exposure of identity information to the web via cloud networks and services. Industrials controls that manage power grids and other infrastructure can be disputed or destroyed. Cybercriminals’ main goal is not only identity theft but to compromise or destroy the data to generate distrust in organizations or government entities.

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