Why Cyber Security Is A Business Risk, Not Just An IT Problem

cyber security
 
Technology has infiltrated all aspects of business. In the past, if a computer system was to fail or data became compromised, the issue would automatically be passed onto the IT department of the company. However, due to intertwinement, these kinds of problems are now company-wide issues which can indicate real cyber security threats to a business.

In a recent study carried out by Telstra, an Asian telecommunications company, results showed that over 59% of Asian companies, businesses, and organizations experienced a security breach that interrupted the day to day running of their business. Another study stated that over 200,000 computers across 150 countries were also affected by security breaches. These breaches cost millions of dollars worth of damage.
 

Why Are Cyber Security Threats Becoming So Common?

Consider what kind of technology businesses uses daily. Even a small business running an e-commerce store or service, such as Big Assignments, will use computers for work as well as in-house and customer communications. Many members of the team will also have access to mobile devices, tablets and personal computers, all relating to the business.

With every single device that operates for the business, there’s a cyber security threat. For most businesses, these devices are overlooked by managers who may not have the necessary security protocols such as firewalls. On the other hand, new technology is also making way for new forms of cyber attacks which are far more complex and complicated than they used to be taking a lot more effort to correct and prevent. This isn’t just a job for your run-of-the-mill IT department to address, but a concern that every employee and manager of a business should be aware of.
 

Hackers

Hackers nowadays often come with agendas. In the past, hackers may have just had intentions of stealing data, holding the business for ransom, or even just for fun. Priorities have changed now, and there’s potentially a lot of money in hacking and cyber-terrorism.

Some of the more elite hackers are interested in manipulating markets, providing customers with disinformation, and even industrial espionage for competitors. With this in mind, it becomes very clear that businesses shouldn’t just be aware of cyber threats, but also proactive in preventing them from happening.

Prioritizing cyber-attacks as a business threat and not just an IT department issue doesn’t have to be as overwhelming and daunting as it sounds. There are a few simple steps that can be taken to start protecting yourself and your business.
 

Best Practices

Education is paramount. This means teaching employees about the risks of cyber-terrorism and potential attacks as well as the most basic forms of protection that they can implement into their everyday lives. These include using complicated passwords across devices; not accessing websites from computers they shouldn’t; and maintaining other basic security practices like the ones they would use at home. No matter the size of the business you are, creating a technology security policy for employees to follow is a good idea.

Additionally, there are a lot of positives coming from the cyber security industry. Many companies out there are developing and upgrading their systems to protect businesses from cyber-attacks. These technologies are top of the line and can help prevent, if not almost completely eliminate, the risk of a business becoming victim of an attack.
It’s up to the specific business to take advantage of these technologies though. Although they exist and are there to be used, if they aren’t implemented because; for example, they are believed not to be cost-effective, a business could be left vulnerable.

Going back to the Telstra example, the company currently operates two high-end security systems that have around 40 security officers in addition to their 500-strong security army. On the other end of the spectrum, companies like Upwork and Ox Essays are investing in security teams to protect their data, information and customer details. It’s all about being proactive.

Cybersecurity is no longer just the responsibility of the IT department, but a task for every single employee within a business to be aware of. Tackling cyber-crime cannot be the sole task of an individual but rather a team effort which is why it’s so important to educate, adapt and progress.

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Brenda Berg

Brenda Berg is a professional with over 15 years of experience in business management, marketing and entrepreneurship. Consultant and tutor for college students and entrepreneurs at Australian Help. She believes that constant learning is the only way to success.

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