Why Cyber Security is Important

The Internet has taken the world by storm and now everything is possible with your fingertips on a smartphone or with a laptop in your hand. In this digital era where we are transferring money digitally and even physical money is being replaced by cryptocurrency. So the relevant question arises here, is cybersecurity really important?

All the businesses are being done online. Meetings are scheduled digitally, interviews are taken on Skype, employers are keeping track of their employees by some spy apps like https://androidphonespying.com/, and even teachers are using smart boards in the classrooms. So, all these things are indicating us to know the importance of cybersecurity. It is not just the businesses and big corporate companies who should worry about all cyber threat but our personal information and data are also at stake. The digital gate can be dangerous and self-education about digital privacy can be very significant to your personal as well as professional life as hackers out there are making quick bucks by selling your information. So precaution is always better than cure.

So we have mentioned several important reasons why cybersecurity is significant.

Increasing threat – By increasing threat we just don’t mean that the number of cyberattacks is increasing but the degree of the same is increasing as well. The cost of cybercrimes reached from $445 billion in 2014 to $600 billion in 2017 and it is expected to reach $2 Trillion in 2019 and $6 Trillion till 2021. Apart from computers, mobile devices are also posing the risk of cybercrime. So, proper cybersecurity is most needed.

The severity of Attacks – You might have heard about the Cambridge Analytica Scandal which shows how cyber breaching was used during the 2016 presidential elections in the US. At the same time leaked Hillary Clinton’s private emails were printed on the front page of the newspaper during her campaign which really indicates the loophole and cyber thereat online and the importance of strong cybersecurity policies from government agencies. During the presidential term of Obama, a total of $19 billion budget was proposed for cybersecurity, later which was neglected by Trump and he has to face criticism for that. There are several cases where the photos and videos of celebrities got leaked.

Strategy – There is an obvious need for cybersecurity in an organization. There could be several things that might have driven your strategies and decisions before, and this is quite different from the network intrusion and compliances (not talking about “Inception”). Do you ever question what did lead you to any strategy; Cambridge Analytica Scandal is one of the latest examples of driving your decision power.

Future Outlook – According to a report, 86 percent of CEOs around the globe are saying that they are investing in cybersecurity. Several governments are establishing Cyber Security department and appointing agencies for that and corporate companies are keeping chief privacy officer.

This is really good that more and more government agencies, business owners and organizations understand the need for the strong security system to fight cyber attacks and protect the privacy of the firm and the data of the customers. The problem between the limited fund and increase limit is relative but all that has to be done, ought to be done.

Now you understand it’s important in this modern era and you should take measures to secure your cyber activities and privacy. Next time someone asks you why cybersecurity is significant now you will have something broader to explain.