2020: Why Cybersecurity Is More Important for the Future

Cybersecurity has become a major concern among business owners.

There are plenty of risks associated with relying on the internet as a means of storing and transmitting data. Identity theft, data leaking, and security breaches are on the rise, making cybersecurity even more relevant than ever before.

In fact, it is estimated $6 trillion in damages will occur by 2021 as a result of data breaches and theft. Surprisingly this amount exceeds even the global trade of all illegal drugs.

The key is to combat the threats of theft before they become realities, and cybersecurity is the best way to make that happen. To do that, you must first understand how cyber-attacks can impact your business and why network support is crucial.

Identity theft impacts many businesses, the number of which has increased exponentially over the past couple of years.

“64% of companies have experienced web-based attacks.  62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets, and 51% experienced denial of service attacks.”

The current state of affairs

As new tools are developed, hackers find more sophisticated methods to gain access to sensitive information.

The continuing evolution of technology gives them a larger surface for developing attack strategies, increasing the need for complete IT solutions. 

Even unsophisticated hackers will figure out ways of infiltrating vulnerable businesses that don’t have strong cybersecurity measures in place.

Business owners can defend against these types of cyber-attacks with more innovative and effective security solutions like those offered by CTSI.

To do this, you will need to begin looking at your network from the hacker’s point-of-view. It’s important to assess from within, while also taking a long, hard look at your supply chain.

Dealing with increasing risk

The number and types of devices used on networks have increased exponentially, thereby increasing the security risks that can occur.

Now that employees are using tablets and smartphones to access sensitive information, the need for cybersecurity is greater than ever.

External USB devices like flash drives can also present security issues if they contain viruses or malware that can potentially infect an entire network.

As these issues are detected, security teams must adapt by creating firewalls and software to keep networks, devices, and identities safe. By minimizing risks and managing vulnerabilities, they can quickly respond to cyber-attacks.

Many business owners aren’t aware of just how insecure their networks are, and how much this puts them at risk.

The more unsecured devices there are on a network, the more the potential access points expand. If left unchecked, the problem continues to multiply.

That’s why it is essential to have cybersecurity policies and best practices in place, so everyone on the network will know how to minimize risk and keep valuable data safe.

Planning for the future

You can reduce the cybersecurity risks for your business by limiting the number and types of devices allowed on your network. Another measure is to require employees to use safe passwords and stipulate the criteria for creating them.

Be diligent with following and updating cybersecurity policies and best practices. Make sure employees are aware of them and that they comply at all times.

Gather IT resources for your business, so you always have the right tools available when you need them.

Want to know more about cybersecurity, managed IT services, and more? We’re here to help.

Find out more about CTSI, our process, and the services we offer today.