There has been an exponential increase in the rate of cybercrime over the past several years as enterprises increasingly conduct more of their business activities online. Cybercriminals have developed more sophisticated tools that offer them greater ability to penetrate and compromise the networks of unsuspecting enterprises, with resulting adverse consequences. There are about 130 reported network security breaches yearly. In 2018 alone, the estimated amount of money lost by businesses globally as a result of cybercrime was $600 billion, corresponding to about 0.8 percent of the global GDP.
At one point in time cybersecurity was considered to be an afterthought but is now an essential consideration in the building as well as maintenance of a cyber network. With more business transactions being conducted online, cybercriminals are constantly devising innovative ways to penetrate cyber networks, making away with valuable data and causing severe damage to the impacted business in the process. It is therefore important that businesses utilize every security tool at their disposal to ensure that their networks are kept secure. Using only one type of security tool is no longer sufficient in offering adequate cyber protection.
Over the past several years, there has been a significant increase in cyber attacks targeted towards hospitals and other allied businesses in the healthcare industry. This is because hospital databases typically contain a lot of personal patient information such as social security numbers, home addresses, and credit card information, among others, which are of immense value to cyber criminals. In 2018, there were over 500 reported instances of hospitals or ancillary healthcare facilities suffering from a data breach.
Moving to the cloud feels like a big change for some companies. Understanding the ins and outs of cloud computing and where your company can take advantage of the numerous benefits is often a difficult task. We asked you for your top questions on cloud computing and have provided the answers below!
One of the most important things for any business is to ensure the continuity of operations in the event of a disaster. As more companies are investing in disaster recovery techniques, they are becoming overly complacent without implementing a proper test.
One of the aspects of a business that plays an essential role in its ultimate success or failure is its telecommunications systems. Without a solid telecommunications setup, communications internally between employees and externally with clients may become cumbersome and challenging. The old say of communication is key is never more important that in business. Poor communications systems can negatively impacting the performance as well as the profitability of a business.
As people increasingly use the internet for transactions and other daily activities, businesses must take extra measures to ensure the security of the data being exchanged online. Hackers and other malicious actors devote a considerable amount of time as well as resources seeking ways to compromise computer networks in order to access personal data and proprietary information belonging to businesses. This data, once accessed, is used for various sorts of illegal and nefarious activities. In the first half of 2018, there were roughly 4.5 billion data records compromised by malicious attacks.
One of the challenges faced by businesses that conduct activities online is how to keep their computer networks secure from threats. Hackers and other malicious actors constantly look for ways to penetrate computer networks and access personal or proprietary data. This data, once accessed, is used for various sorts of illegal activities, typically at the expense of the business or the individuals whose personal information was compromised.
Implementing a disaster recovery plan can often be a daunting task. When it comes to ensuring the security and continuity of your business’s data, there are a lot of factors for companies to consider. Everything, from identifying risk areas to choosing a location to host the disaster recovery site, takes time money and resources that many companies do not have.
In response to the increased sophistication and devastating consequences of cyber attacks, businesses have gradually transitioned their cybersecurity strategy away from on-premise security solutions and Managed Security Service Providers (MSSPs) to the Security-as-a-Service (SECaaS) model. With SECaaS, a third-party cloud provider assumes the responsibility for the development and maintenance of a business' cyber-security strategy. In 2015, the worldwide market for SECaaS was at $3.12 billion. This market size is projected to reach $8.52 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22.2%.