Why is Cybersecurity Important?
The increase in technology being used by organizations over the last decade has brought an increase in cybercrime. The possibilities and potential rewards are nearly endless for hackers looking to attack your organization.
On one hand, you have individual hackers looking for a payday by releasing ransomware on one computer. On the other, you might face insider threats from within your organization. Insider threats are usually orchestrated by employees, former employees, contractors, temporary workers, or customers.
While many data breaches can be handled fast and efficiently with the right cybersecurity protections in place, that is not the case for organizations with limited defenses. According to IBM, the “lifecycle of a malicious attack from breach to containment” can often be upwards of 314 days and cost upwards of 1.2 million dollars.
Cybercrime now saturates all aspects of society and strengthens the assertion that cybersecurity is crucially important to all organizations.