Why is Cybersecurity Important?

In today’s digital world, one cannot ignore cybersecurity. One single security breach can lead to exposing the personal information of millions of people. These breaches have a strong financial impact on the companies and also loss of the trust of customers. Hence, cyber security is very essential to protect businesses and individuals from spammers and cyber criminals.

The Scale of the Cyber Security Threat

According to Forbes, 2022 will present us with a pack of diverse and terrifying cyber security challenges, everything from supply chain disruption to increased smart device risks to a continued cyber security talent drought.

According to Cybercrime Magazine, cybercrime will cost the world $10.5 trillion annually by 2025! Furthermore, global cybercrime costs are predicted to rise by almost 15 percent yearly over the next four years.

Concepts such as the pandemic, cryptocurrency, and the rise in remote working are coming together to create a target-rich environment for criminals to take advantage of.

How Does Cyber Security Work? The Challenges of Cyber Security

Cyber security encompasses technologies, processes, and methods to defend computer systems, data, and networks from attacks. To best answer the question “what is cyber security” and how cyber security works, we must divide it into a series of subdomains:

Application Security

Application security covers the implementation of different defenses in an organization’s software and services against a diverse range of threats. This sub-domain requires cyber security experts to write secure code, design secure application architectures, implement robust data input validation, and more, to minimize the chance of unauthorized access or modification of application resources. 

Cloud Security

Cloud security relates to creating secure cloud architectures and applications for companies that use cloud service providers like Amazon Web Services, Google, Azure, Rackspace, etc.

Identity Management and Data Security

This subdomain covers activities, frameworks, and processes that enable authorization and authentication of legitimate individuals to an organization’s information systems. These measures involve implementing powerful information storage mechanisms that secure the data, whether in transition or residing on a server or computer. In addition, this sub-domain makes greater use of authentication protocols, whether two-factor or multi-factor.

Mobile Security

Mobile security is a big deal today as more people rely on mobile devices. This subdomain protects organizational and personal information stored on mobile devices like tablets, cell phones, and laptops from different threats like unauthorized access, device loss or theft, malware, viruses, etc. In addition, mobile security employs authentication and education to help amplify security.