What is Cyber Security?
Cyber
security is the protection of internet-connected systems such as hardware,
software and data from cyber-threats. The practice is used by individuals and
enterprises to protect against unauthorized access to data centres and other
computerized systems.
Cyber security or information technology
security are the techniques of protecting computers, networks, programs and
data from unauthorized access or attacks. cyber security is the protection
of computer systems and networks from the theft of or
damage to their hardware, software, or electronic data, as well
as from the disruption or misdirection of the services they
provide.
Cyber
security is the practice of defending computers, servers, mobile devices,
electronic systems, networks, and data from malicious attacks. It's also known
as information technology security or electronic information security. The term
applies in a variety of contexts, from business to mobile computing, and can be
divided into a few common categories.
Importance
of cyber security
Cyber-attacks are the fastest
growing crime in the US, increasing in size, sophistication, and cost.
While investment in cyber security continues to grow (Gartner,
Inc. forecasted a growth of 8.7 percent to $124 billion in 2019),
it is not keeping pace with the US growth of
cybercrime. In a global context, in 2016, Cybersecurity
Ventures predicted that by 2021 cybercrime will cost $6 trillion annually,
up by $3 trillion from 2015. This represents a huge global increase
in scope and financial impact of cybercrime across the board. If you do
not have a cyber security strategy or focus, now is the time to invest and
ensure your business is protected, as much as it can be, from the threats of
cybercrime. It now seems that monthly, or sometimes even weekly, there is
a segment in the news dedicated to discussing the results of a data breach at a
major company, or a notice that hackers have captured a local computer network
and are holding it hostage in exchange for vast sums of money (also called
ransomware.) Depending on the people doing the hacking, their goals and targets
could be as simple as stealing personal information from people using public
Wi-Fi, or they could be more devastating such as shutting down a city or
country’s power grid to cause mass panic among the public.
Challenges
to cyber security
Today cybersecurity is the main
component of the country's overall national security and economic security
strategies. In India, there are so many challenges related to cybersecurity.
With the increase of the cyber-attacks, every organization needs a security
analyst who makes sure that their system is secured. These security analysts
face many challenges related to cybersecurity such as securing confidential
data of government organizations, securing the private organization servers,
etc.
1.
Lack of awareness
As there is no National regulatory policy in
place for cybersecurity there is a lack of awareness at both company level as
well as individual level. Domestic netizens can protect and be protected from
the cyber attacks only if there is a guided and supervised legal framework.With
India’s highly skilled IT workforce, efforts must be harnessed and redirected
towards strategic use by the government. Incentives provided by the government
to the industry would encourage investment from the private sector towards an
agency focused on national cybersecurity. With strengthened cybersecurity
defences in India’s future, Indian businesses will become more competitive on a
global level and create a safer digital India.
2.
IoT Threats
3.Ransomware
on the Rise
The recent episodes of malware
attacks, viz. WannaCry and Petya, brought home the rising menace of ransomware.
As more users recognize the risks of ransomware attack via email, criminals are
exploring other vectors. Some are experimenting with malware that reinfects
later, long after a ransom is paid, and some are starting to use built-in tools
and no executable malware at all to avoid detection by endpoint protection code
that focuses on executable files. Ransomware authors are also starting to use
techniques other than encryption, for example deleting or corrupting file
headers.
4.Distributed
denial of service (DDos) attack
With the advent of IoT-powered
botnets, destructive DDoS attacks are inevitable and have intensified in volume
and frequency. Organizations in India need to improve their response capability
to mitigate DDoS risks.
5.Digital
Data Threat
Growing online transactions generate bigger incentives for cybercriminals. Besides, establishments looking to mine data—for instance, customer information, results of product surveys, and generic market information—create treasured intellectual property that is in itself an attractive target.
Benefits
of cyber security
1.Protects
Productivity
Viruses can slow down personal
computers to a crawl, and make working on them practically impossible. This can
cause a lot of wasted time for your employees, and can often bring your
entire business to a standstill.
2.Protects
Personal Info
One
of the most valuable commodities in the digital age is personal information. If
a virus is able to obtain personal information regarding your employees or
customers, they are quite capable of selling that information on, or even using
it to steal their money.
3.Avoid
legal action
You may find yourself facing legal
action if you’re the victim of a data breach and you didn’t have adequate
policies in place to help prevent it. Although having cyber insurance can help
you in this situation, a comprehensive security policy can make it less likely
in the first place. With good staff training and rigorous procedures, you can
minimise the risk of claims against your business.
4.Document
security
When you run an organisation, you
have plenty of documents to be taken care of which can include insurance
papers, partner agreements, bank documents, organisation documents, etc. Having
a proper and secured security policy for this kind of documents is a must as
they can act as evidence. This is how you will take a step for the protection
and security of your data and network.
5.Time
and Money Saved
Cybersecurity training for your team is also a wise investment. It is estimated that data breaches and similar attacks cost companies about $400 billion each year. In the United States, a single attack could cost a company $15.4 million. Therefore, the cost of excellent cybersecurity training is well worth it if it prevents even a single attack. And naturally, the same goes for time spent. If an attack were to occur, your team would spend a significant amount of their energy attempting to plug the holes and repair the damage. That time could be much better spent conducting other functions of business. But, this scramble can be avoided with cybersecurity training.
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