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Cybersecurity, a Determining Factor in Times of Risk

by Gavisha H S

Most modern firms currently have data and digital operations at their core, and this trend is only expected to continue. However, increased reliance on computerised systems brings with it a slew of cyber threats. Internal hazards, such as those posed by employees and contractors, are possible. They can come from the outside, as a result of cybercrime, or even from your own customers. They can be the result of deliberate data theft or interruption, or they can be the result of human error and neglect.

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Working from home, society’s growing digitization, and our increasingly online lives mean phishers, hackers, scammers, and extortionists have plenty of possibilities. Unfortunately, there is no hint that this will slow down as we approach 2022. As a result, it’s critical that individuals and businesses are aware of the expanding threats and what can be done to reduce the dangers.

A cyber threat can be catastrophic to businesses, their employees, and their consumers regardless of where or why it arises. To effectively fight against threats in the digital environment, it’s critical to grasp cybersecurity techniques and tactics.

Cyber-attacks can happen on the devices you use every day

Many people don’t think twice about cybersecurity, assuming that it’s best handled by experts or that Internet security issues are something that IT departments handle. The unfortunate truth is that cyber-attacks can happen on the devices you use every day, for example, mobile phones, tablets, smart home devices like Alexa and Google Home. 

As these devices become more embedded in our lives, it’s important to be aware of the types of attacks that can happen, how they can affect you, and the best ways to protect yourself. In its simplest expression, computer security is the act of protecting computers, servers, mobile devices, networks, and data from malicious attacks.

Attacks that can occur include:

  • malicious software (also known as “malware”), which allows a hacker to access or damage your computer
  • ransomware, as its name suggests, is malware used to make money by locking certain files or your entire computer system until you pay the ransom
  • social engineering, where hackers trick you into revealing sensitive information, such as your social security number or bank account information, by clicking links, downloading malware, or trusting malicious sources
  • phishing is “fishing for information” by sending emails that appear to be from trusted sources with the goal of stealing your personal information

The importance of cyber security

Organisations today face critical challenges regarding cyber security. Data creation, processing, and storage are increasingly done at the edge, increasing operational complexity and making it difficult to track data flows. Meanwhile, artificial intelligence and ever-increasing computing power are widely accessible, allowing cybercriminals to target businesses more effectively than ever. And these criminals are highly motivated, driven by the possibility of multimillion-dollar rewards from companies that often cannot afford not to pay for the restoration of services or recovery of lost data.

Any organisation using modern technology must deal with the risk of cyber threats. Taking steps to address this risk is critical to the health and operational safety of businesses. Data breaches and attacks against business services have the potential to cause catastrophic financial and reputational damage, and unauthorised access to PII can have severe impacts on the lives of employees and customers.

How to manage cyber security

Cyber threats, then, are one of the biggest problems facing businesses and individuals alike. And cybersecurity deals with defending networks, systems, and applications against these threats. 

But it is important to note that cyber security can be managed through password managers. Password managers are supposed to be a simple answer to the burden of remembering all of your internet passwords: the ones you use for fun, the ones you need for business, and the ones you need for fundamental services like banking and health.

So, guess what? Due to their confusing interfaces, many password managers will cause you additional problems and may even put your data, privacy, and money at risk. You need to choose the password managers following extensive study based on what matters most: security, transparency, ease of use, service compatibility, and overall performance.

Benefits of cyber security include the following:

  • Direct protection against attacks on your network.
  • Increased trust from customers and stakeholders.
  • A greater guarantee of business continuity and availability.
  • Prevention of unauthorised access to your data and information.
  • Compliance with legal requirements for the protection of personally identifiable information (PII, Personally Identifiable Information).

 How to protect yourself against cyber attacks

  1. Limit the amount of personal information you provide on the internet. Change your privacy settings and avoid using location services.
  2. Maintain the latest versions of your software and operating systems.
  3. Use uppercase and lowercase letters, numbers, and special characters to create strong passwords. Use a password manager and two means of verification.
  4. Keep an eye out for anything that encourages you to do something immediately now, promises something that looks too good to be true, or demands your personal information. Before you click, consider what you’re doing. If you’re unsure, don’t click.
  5. Secure your internet connection and wireless network, and change your passwords on a regular basis to protect your home and/or business.
  6. PINs (personal identification numbers) and passwords should never be shared. When feasible, employ gadgets that use biometric scanning (ie fingerprint scanner or facial recognition).
  7. Check your account statements and credit reports on a regular basis.
  8. To protect yourself against attacks, use antivirus software, anti-malware software, and firewalls.
  9. Back up your files to an encrypted file or encrypted file storage device on a regular basis.
  10. Do not click on links in text messages or emails from strangers. Scammers can create phoney web pages and connect to them.

Conclusion

The panorama of cyber threats is wide and ever-changing. While standalone cyber security and data protection solutions can assist safeguard workloads, they leave gaps in your defences. To provide dependable protection for current workloads across different domains, a multi-layered solution that integrates the latest cybersecurity technology as well as data protection and authentication is required.

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