Cyber security is a comprehensive way to protect an organization’s network from active threats. Many think that cyber security is one specific product, technology, or technique that keeps your data safe from cyber threats. This is not the reality. A robust cyber security framework requires a layered approach that safeguards your organization with products, policies, and procedures. It requires you to proactively implement the solutions and techniques.
As per the 2019 FBI report, Cybercrime cost businesses in the United States more than $3.5 billion in internet-related cyber-crimes and damages.
Securing a network is one of the most crucial agenda of any organization today. An organization must implement a Cyber-Security plan with a focus to protect a business from threats like Ransomware, Data breaches, Phishing attacks, DNS hijacking, Crypto-jacking, Insider threats, Denial of service attacks.
Why is cyber security important for business?
Businesses of all sizes are at risk. You may think you are not a target because you are a small company, but smaller companies are the most vulnerable since they tend to have less protective security controls. Ransomware affects 62% of small-medium sized businesses and 32% of larger organizations according to the Beazley Breach Briefing 2020. Ransomware can have a severe impact on those companies who least expect a cyber attack and have yet to develop an incident response plan. Cyber criminals are constantly devising new ways to infiltrate a network via security vulnerabilities and inflict harm on innocent victims.
The overall number of new vulnerabilities in 2019 increased by 17.6% compared to 2018 and 44.5% compared to 2017, according to a vulnerability study. These numbers are concerning, and this upward trend is likely to continue.
Ransomware has proved to be a lucrative business for many organized cyber crime groups, some boasting as high as $2 billion in revenue. Since one of the main motives for cyber criminals is monetary gain, you can understand why they are actively looking for vulnerabilities.
Cyber security requires a layered approach that is custom-tailored to the budget and needs of the individual organization. Not every business will have the budget for the newest and shiniest products or services, so it is essential to carefully consider your options.
Green Torque has the expertise to assist Businesses looking to invest into Cyber Security. Businesses will find that the expenses fall into two general categories: Products and Services.
Cyber security Products are Software, Solutions, or Physical/Virtual Appliances that keep your data protected. These solutions collectively secures the Network from Cyber threats. Green Torque focuses on providing below the Cyber Security products & services: