Businesses of all sizes need to invest in cybersecurity because malicious actors have been attacking systems and networks containing sensitive and valuable data. Without a cyber security plan, companies will be unable to protect themselves from online risks and will be open targets for attack. As technology has advanced and businesses now store important data in the cloud and rely more on remote work due to COVID-19, the dependence on technology and associated security vulnerabilities have increased, making companies more vulnerable to cyber attacks and data breaches if they do not sufficiently protect their data.

1. Why Should
Businesses
Use
Cybersecurity?
Cyberroot Risk Advisory

2. BUSINESSES OF ALL SIZES NOW NEED TO INVEST IN CYBER
SECURITY BECAUSE MALICIOUS ACTORS HAVE BEEN
ATTACKING SYSTEMS AND NETWORKS THAT CONTAIN
SENSITIVE AND VALUABLE DATA. CYBERSECURITY IS MADE TO
GUARD AGAINST THEFT AND DAMAGE TO ALL TYPES OF DATA.

3. WITHOUT A CYBER SECURITY PLAN, YOUR COMPANY WILL BE
UNABLE TO PROTECT ITSELF FROM ONLINE RISKS, LEAVING IT
OPEN TO ATTACK FROM MALEVOLENT PARTIES WHO WILL SEE
IT AS AN EASY TARGET. THE INHERENT AND RESIDUAL
DANGERS HAVE STEADILY INCREASED OVER TIME AS
TECHNOLOGY HAS ADVANCED. BUSINESSES TODAY USE MORE
PRACTICAL TECHNIQUES TO CONDUCT THEIR OPERATIONS;
FOR INSTANCE, THEY CAN NOW STORE THEIR IMPORTANT
DATA IN THE CLOUD UTILIZING SERVICES LIKE AMAZON WEB
SERVICES.

4. DESPITE BEING PRACTICAL, BUSINESSES RARELY SUFFICIENTLY
PROTECT THEIR DATA WHILE USING THESE CLOUD SERVICES.
COUPLED WITH AN INCREASE IN ATTACKER SOPHISTICATION,
THIS HAS INCREASED THE DANGER THAT YOUR COMPANY WILL
FALL VICTIM TO A SUCCESSFUL CYBER-ATTACK OR DATA
BREACH.

5. AS PREVIOUSLY INDICATED, OUR DEPENDENCE ON
TECHNOLOGY IS ONLY GROWING. SENSITIVE DATA, SUCH AS
CLIENT AND CUSTOMER INFORMATION, IS BEING STORED
ONLINE ON CLOUD STORAGE SERVICES LIKE DROPBOX OR
GOOGLE DRIVE. THE COVID-19 PANDEMIC HAS ONLY
INCREASED THE DEPENDENCE OF ENTERPRISES ON
COMPUTER SYSTEMS, FORCING THE MAJORITY OF THEM TO
ADOPT WORK-FROM-HOME OPTIONS.

6. THIS DEPENDENCE HAS RESULTED IN SEVERAL NEW SECURITY
VULNERABILITIES THAT WEREN'T PRESENT A FEW YEARS AGO,
COUPLED WITH THE USE OF CLOUD SERVICES, CELL PHONES,
THE INTERNET OF THINGS, AND AI.

7. IN TERMS OF CYBERCRIME, GOVERNMENTS HAVE ALSO
TIGHTENED REGULATIONS. THE GENERAL DATA PROTECTION
REGULATION (GDPR), FOR INSTANCE, IS THE STRICTEST
PRIVACY AND SECURITY LAW IN THE WORLD.

8. ALTHOUGH IT WAS CREATED AND APPROVED BY THE
EUROPEAN UNION (EU), IT IMPOSES DUTIES ON
ORGANIZATIONS WORLDWIDE THAT TARGET OR GATHER
INFORMATION ABOUT INDIVIDUALS LIVING IN THE EU.