Strengthening Cybersecurity The Right Way

Cybercrime doesn't mean just data loss or server failure. Security breaches considerably influence the firm's reputation, profitability, and prospects. Data leakage caused by malware attacks results in millions of dollars in losses, and hence potential bankruptcy.

- Manoj Shashtrula

Technology has advanced dramatically in recent years, but the number of businesses falling victim to cyberattacks has not decreased. Unsurprisingly,  cyberattacks escalated by 42% in the first half of 2022 compared to 2021. The ongoing year is regarded as one of the worst years in cybersecurity history. Although the advanced malicious attacks can be attributed to the negative impact of technological advancement, when experts delved more profoundly, they discovered that the negligence on the defence side was the cause of many data breaches.

Considering that even prestigious companies like MailChimp, Microsoft, and Uber, renowned for emphasising security, were not impervious to malicious attempts, the above studies prove that complacency is actually to blame for the rise in harmful attacks. Using proper and prominent cybersecurity software can be a solution to revert any possible attacks, but with sound strategy, it can be effective.

Why is cyber security strategy important?

The consequences of cybercrime are more than just data loss or server failure. Security breaches considerably influence the firm's reputation, profitability, and prospects. Data leakage caused by malware attacks results in millions of dollars in losses, potentially driving a corporation into bankruptcy in extreme situations. Evidently, within six months of experiencing a data breach, 60% of small firms declare bankruptcy.

However, a comprehensive cybersecurity policy may save a company from any unfortunate scenario, even if it is subjected to unforeseen minor attacks. Developing a pragmatic cybersecurity system will: