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… A compromised application could provide access to the data its designed to protect.
Also referred to as information security, cybersecurity refers to the practice of ensuring the integrity, confidentiality, and availability (ICA) of information. Cybersecurity is comprised of an evolving set of tools, risk management approaches, technologies, training, and best practices designed to protect networks, devices, programs, and data from attacks or unauthorized access.
Why is cybersecurity important?
The world relies on technology more than ever before. As a result, digital data creation has surged. Today, businesses and governments store a great deal of that data on computers and transmit it across networks to other computers. Devices and their underlying systems have vulnerabilities that, when exploited, undermine the health and objectives of an organization.
A data breach can have a range of devastating consequences for any business. It can unravel a company’s reputation through the loss of consumer and partner trust. The loss of critical data, such as source files or intellectual property, can cost a company its competitive advantage. Going further, a data breach can impact corporate revenues due to non-compliance with data protection regulations. It’s estimated that, on average, a data breach costs an affected organization $3.6 million. With high-profile data breaches making media headlines, it’s essential that organizations adopt and implement a strong cybersecurity approach.