In today’s rapidly changing digital landscape, the importance of cyber security measures cannot be understated. With the majority of data and information being stored online, you’ll want to ensure that your networks are secure and that any data or information is kept safe. In this blog, we’ll be taking a look at cyber security in more detail, including how you can make the most of investing in cyber security solutions to ensure your business is well-protected.
Cyber Security Definition
Cyber security can be defined as ‘the practice of protecting computer networks, systems and other infrastructure from attacks by malicious individuals or organisations‘. It’s a broad concept that involves the application of preventive measures such as authentication, authorisation, encryption and data integrity protocols.
Specialist companies, such as us here at Your IT Department, provide cyber security services to businesses of all sizes that are designed to protect them from any malicious cyber activity. This will ensure that advanced persistent threats such as viruses, malware attacks, unauthorised access and hackers are kept at bay.
Why is Cyber Security Important?
If your business stores confidential data and information online, then it will be vulnerable to attack from malicious individuals or organisations looking to gain access. This means that any of your sensitive data and information could be stolen or corrupted, resulting in a loss of income, customers and damaging your reputation long-term. Data breaches are also costly affairs, so it is smart to invest in prevention rather than recovery. With the number of cyber attackers increasing, it is essential that you protect your company’s computer systems.
Find out more: Why is Cyber Security Important
Who Needs Cyber Security?
Any business that holds confidential data and information online should have cyber security measures in place. Whether you’re a small start-up or an established enterprise, the need for cyber security extends to all businesses.
You should consider the following:
1. Do you have confidential data or information stored online?
2. Is your critical infrastructure and networks being monitored for any malicious cyber activity, such as targeted cyber attacks?
3. Is your data secured through security controls such as authentication, authorisation, encryption and data integrity protocols?
4. Do you have cloud infrastructure that needs protecting?
If you answered yes to any of these questions, then investing in cyber security is a must for your business.
Types of Cyber Threats
Let’s take a look at the various types of cybersecurity threats:
Malicious Software, also known as malware, is a type of software designed to disrupt or damage computer systems and networks. One of the most significant external threats, malware can cause widespread disruption and can be very costly to recover from.
Ever heard the term spyware? This is when malicious software is installed onto a computer system without the user’s knowledge. Spyware is among the common cyber threats and is a type of malware that can be used to gather personal information and data, as well as steal passwords and confidential files.
Ransomware is a type of malicious software that is designed to prevent users from accessing their data and information by encrypting it. The attacker then demands a ransom payment from the victim, typically in the form of Bitcoin or other untraceable digital currency, in exchange for providing the decryption key that will unlock the data.
Ransomware attacks can have a devastating impact on individuals and businesses alike, as they can result in the loss of important data, financial loss, and repetitional damage. Moreover, once a ransomware attack has occurred, there is often little that can be done to recover the lost data without paying the ransom.
Ransomware attacks are difficult to detect and prevent, as attackers are constantly evolving their tactics to evade detection. Therefore, it is crucial to invest in prevention efforts such as network security to protect against ransomware attacks. This can include measures such as implementing regular software updates and patches, using strong passwords and two-factor authentication, and training employees on how to recognise and avoid phishing scams.
Distributed Denial of Service (DDoS) Attacks
Designed to overwhelm an online system or network with requests for data, this software results in the website’s inability to process that volume of requests. DDoS attacks can shut down websites and other services, rendering them inaccessible for long periods of time. This type of attack is often a distraction from more serious cyber security threats.
Spam & Phishing
If you’ve ever received a suspicious email with links asking you to ‘click here’ to claim your cash prize, despite having never entered a competition, then you’ve been the target of phishing attacks. This type of attack is designed to fool users into handing over personal data and information or downloading malicious software. Similarly, spam emails are sent in high volume but can be filtered using cyber security solutions.
Corporate Account Takeover (CATO)
This is when a malicious individual gains access to a company account or system, giving them free rein to steal data and information. Particularly damaging for businesses, this type of attack can be prevented through authentication, authorisation and encryption measures.
To keep your business safe, you may have considered implementing cyber security measures. However, this can come with it’s own set of challenges. Let’s take a look at them:
1. Cost: Cyber security solutions can appear at first glance to be costly. However costs are reducing as competition increases.
2. Lack of Expertise: It may be difficult to find employees with the right cyber security skillset, or if they are available, they may come at a high price.
3. Time: Implementing cyber security measures can be time-consuming and require multiple hours to complete.
4. Human Error: Despite having the most advanced solutions, your business is still vulnerable to human error, such as not following security protocols or downloading malicious software. end user education needs to form part of you information technology security.
5. Evolving Threats: Cybersecurity threats are constantly evolving and becoming more sophisticated, making it challenging to maintain security.
6. Compliance: Depending on your industry, you may be required to comply with specific cybersecurity regulations, which can add an extra layer of complexity and cost.
7. Third-party Risks: Outsourcing business processes to third-party vendors can introduce cybersecurity risks, as these vendors may not have the same level of security measures in place as your own business.
8. Complexity: Implementing and managing multiple cybersecurity tools and systems can be complex, especially if they don’t integrate well with each other.
9. False Sense of Security: Having cybersecurity measures in place can sometimes lead to a false sense of security, causing employees to become complacent and not take necessary precautions.
10. Cultural Challenges: Finally, there may be cultural challenges to implementing cybersecurity measures, such as resistance to change or a lack of awareness about the importance of cybersecurity among employees.
Cyber Security at Your IT Department
If you’re a small or medium-sized business, you may be wondering, ‘Do I really need a cyber security solutions?’. The answer is yes. Any sized business can be vulnerable to cyber attacks due to the ever-changing nature of technology. Investing in cyber security is an essential part of running a secure and successful business.
Luckily, here at Your IT Department, we’re able to provide a range of cyber security services, from monitoring and prevention systems to risk assessment, business continuity planning and incident response solutions.
As a managed service provider (MSP), we take the time out of cyber security and make sure your systems are up to date with the latest patches and security protocols. Outsourcing these services means that you can focus on growing your business, safe in the knowledge that we have your cyber security covered.
Our team will guard your network 24/7 to provide around-the-clock monitoring and to ensure any suspicious behaviour is stopped in its tracks. Not only will we assess your current cyber security risks, but we’ll develop a tailored strategy that evolves alongside threats.
Partner with an MSP to receive the best cybersecurity solutions for your business. Contact us today to get started!
We hope that this blog has given you some useful insight into the world of cybersecurity and how it affects businesses. With the right solutions in place, you can feel secure with the knowledge that your business is safe.
Get A FREE Cyber Security Risk Assessment Worth £1680
Cyber Security FAQs:
We’ve answered some of the most frequently answered questions about cyber security below:
What exactly does cyber security do?
Cyber security protects a business’s software systems and technology to stop cyber criminals from trying to steal sensitive data. Using cyber security resources, professionals can prevent supply chain attacks and any cyber security incident from occurring.
What is a cyber attack?
A cyber attack is a malicious attempt by an individual or group to gain unauthorized access to a computer system or network, with the intention of causing harm or stealing sensitive information.
Cyber attacks can take many forms, such as viruses or malware that infect computers, phishing emails that trick users into providing their login credentials, or denial-of-service attacks that overload a website and make it inaccessible to users.
The consequences of cyber attacks can be severe, including financial losses, damage to reputation, and even legal action.
What are the different types of cybersecurity?
The different types of cybersecurity include, endpoint security, application security, cloud security and laptop and mobile security. The aim of these is to stop cybercriminals from gaining access to a business’s systems or mobile devices, so they can’t access any sensitive information.
Are cyber security services expensive? I’ve never paid extra for security before.
The cost of cyber security services can vary depending on the size and complexity of the business, as well as the specific services needed. Here at Your IT Department we’ve worked very hard to find cyber security services that are budget-friendly. While the cost of cyber security services may seem high, it’s important to consider the potential costs of a cyber attack. A successful attack can result in lost revenue, damage to reputation, and even legal fees.
Investing in cyber security services can help prevent these costs and protect your business from potential attacks. In addition, some cybersecurity services may also provide compliance with industry-specific regulations, which can also help protect your business from fines or legal action.