This digital era has
brought new opportunities and convenience like never before. From easy access
to any information, to digitally connected home appliances, everything has
become digital. Businesses are thriving by leveraging the latest technologies
and hence providing customers with more enhanced services.
This, however, comes
with a cost. With the rise of digital advancements, cyber threats have also
become very prominent, sparking a surge of
cyber security
services in the worldwide economy.
In fact, according to
a study by Cybercrime Magazine, cybercrime will cost 10.5 trillion across the
globe by 2025. Moreover, cybercrime costs around the world are estimated to
increase by approximately 15% per annum.
What Exactly is Cyber Security?
Cyber security can be
defined as a discipline that involves strategies to safeguard devices and
electronic services from cyber-attacks. Nefarious actors such as spammers,
hackers, and cybercriminals are the ones who attempt cyber attacks.
Many people perceive
cyber security as something that catches every form of cyber threat when it
penetrates your device; virus and malware attacks, identity thefts to
international digital weapons. This is also true but, they lose the essence of
the concept, i.e., to prevent them from occurring in the first place.
The better the
provider, the stronger the security; make sure you find the right services to
get industry-grade data protection.
Why is Cyber Security More Important Than You Think?
Cybercrime has become
notably prominent due to the progress of digitization on a global level. Hence,
cyber safety has turned out to be more crucial than you must be thinking. Given
below are the factors that justify the statement:
Increasing Dependency on Digital Mediums: As our society is becoming increasingly
reliant on electronic mediums for major transactions such as banks and
healthcare, a minor disruption may result in major undesirable consequences,
some of which may involve legal matters.
High Cost of Data Leak: Data breaches are not only financially
damaging but also damage the goodwill of any organization. Not to mention, it
may also cause a loss of their customer’s trust. According to research by IBM,
the average data breach cost was 4.24 million in 2021, emphasizing the
substantial monetary risks linked with cybersecurity downfalls.
Protecting Personal Privacy: Cybersecurity is essential for personal data
as well which may include financial details, medical details, and personal
communications. Cybercriminals usually target this information. That's why it
is essential to protect your data from attacks.
Economic Distress: Cybercrimes cost the global economy trillions of dollars every
year as it imposes major economic burdens. These costs may include straight
losses via cyber attacks, recovery-related costs, boosted security, and
productivity loss.
Threat to National Security: When cybercriminals attack critical
infrastructure like water supplies, power grids, and communication networks, it
poses a grave risk to national security. Hence, it is mandatory to implement
robust security measures.
How to Find the Right Cybersecurity Service Provider?
Among several service
providers claiming to be the best in the market, it is important to choose
wisely and check their track of accomplishments. You may even consider some
customer testimonials to build more confidence. It is always better to
associate with renowned cybersecurity service providers. Globtier Infotech, for
instance, has sprung as a recognized partner. They have catered to businesses
of multiple verticals and sizes and hence established a strong ground for
competition.
Conclusion
In today’s world, life
has become the easiest due to a remarkable evolution in digitalization.
However, despite such progress, our devices are still at significant risk. A
constant increase in cybercrime indicates the limitations in the devices and
services we depend upon.
The concern turns us
to cyber security services which ensure data security and other threat prevention. Always ensure to practice cyber safety
and find the right cyber security partner.