Published - Fri, 04 Nov 2022
Cyber security is a system of technologies and protocols developed to shield necessary computing resources, electronic networks, and sensitive data against malicious attacks. Although the term cyber security appears highly technical, its application is relatively universal in the current digitalization climate. Data encryption, password authentication, and network perimeter are examples of standard protective mechanics against offensive threats and malware technology that users encounter daily.
Here, we discuss the top reasons why cybersecurity is important for information technology (IT), especially in 2022.
Decades ago, rumors falsely reassured personal computer users that only mega-corporations and financial institutions would be the targets of cybercrimes. Unfortunately, as computers and internet networks have evolved from a privilege to a daily necessity, cybercrimes have become much more common. A Clark School study at the University of Maryland found that, on average, hackers attempt to breach computers with internet access every 39 seconds. While fictional media often portrays dramatic scenes of targeted cybercrimes, the reality is that an automated script randomly searches for computer vulnerabilities, causing harm and stealing critical data.
There is an unprecedented surge of collected and analyzed data following the digitalization of various economic and social life sectors. How people interact through social media and how organizations interconnect with their clients have changed dramatically. Instead of opting for outdated pen and paper documents, technology offers the ease of convenience for information transfer and storage on a cloud-based system. This heightened connectivity increases the regularity of compromised, stolen, and leaked sensitive information like personal data, trade secrets, and bank account details.
COVID-19 caused a series of changes to trade retailers, resulting in their adaptation to the e-commerce sector. With state-level lockdowns and social distancing protocols in force, consumers turned to online shopping. Digital Commerce 360 revealed that North America’s leading online merchants experienced a collective growth of 45.3% in 2020. In an e-commerce transaction, businesses hold access to sensitive intellectual property and customer data, including communication details, addresses, customer behavior, credit card information, and supply chain storage. Any security breach of this data can cause significant information spillage and damage to the marketing processes. But these problems are avoidable with an appropriate cyber security installment.
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