5 Reasons the Need for Cyber Security Continues to Grow

Cyber security isn’t something to address once and forget about. It’s not an afterthought or something that applies only to tech business nowadays, as its reach spreads wider each day. It has quickly become one of the most important issues that businesses (and people individually) collectively face in the modern era. Its importance will only increase over the next few years for a number of reasons that are absolutely worth exploring.

Cyber Security is Critical and Common

The odds that you will avoid being hit by a cyber-attack at some point in your life are very much against you. In fact, according to a study conducted by Ponemon Institute, about two-thirds of server message blocks (SMBs) were hit with some type of attack in 2018. This means the chances are pretty high that someone has tried to hack your online information at one time or another in recent days. Risk management is of the utmost importance when it comes to keeping your information systems safe.

The Cost of a Cyber Attack is On the Rise

As of 2018, the average cost of a single consolidated breach rose to nearly $3 million! That’s an impossible hit and an immense amount of money to consider paying, even if your revenue is substantial. Costs to repair the damage created by cyber-attacks continue to increase, hitting schools and other systems that are far less business-oriented than most. These cyber-attacks and malicious code cause hundreds of thousands of dollars in damages and losses. It’s imperative to prioritize your business tech security to stay in business and keep your information protected.

Risk Assessment: Hacks Can Shut Down Your Business

Cyber security continues to be a pressing need due to the reach certain types of cyber-attacks have. Many hacks can expose the personal information of your employees and your customers, too. They can cause your business to shut down operation for days or weeks, depending on how bad the cyber breach is. This can be absolutely catastrophic for a business, its computer networks and its reputation. While you might think it won’t happen to your business, it’s happening everywhere, all the time.

Cybercrime is an Increasing Trend

Another recent study revealed that the global cost of online cyber-crime is expected to hit an enormous $6 trillion by as soon as 2021. This means that things are only going to get worse as time goes on. This is why you must prioritize your own cyber security as soon as possible and protect the sensitive information and sensitive data your business collects.

The Importance of Business Continuity

At this point, the statistics are clear—you can’t stop yourself from becoming the target of a cyber-attack, but you can stop yourself from becoming the victim of one. Even beyond network security, a core part of cyber safety and security involves having a plan for business continuity and disaster recovery as an organic part of your other security measures. This type of plan—one built with your business in mind—will guarantee that even if you do suffer a cyber-attack, you can pick back up as quickly as possible without losing your data and important information.

If you’re located around the Tucson or Phoenix areas and would like to find out more about the growing need for cyber security, please don’t delay —  contact IA Tech Group today.