In the modern digital world where almost every business process relies upon computer technology and networking, it is impossible to ignore the topic of cyber security. Many companies and institutions rely on technology to speed their operations and store critical information and files. If there are insufficient security measures, then the computer systems, network, and data are all at risk of intrusion from cybercriminals and other attacks.
As a leading IT services provider, TLC Solutions’ experts believe that every person, including business owners and company executives, needs to put in place measures that help to protect their systems and data effectively. We actively monitor new cyber crime developments as advanced hacking techniques are developed to access computer systems. With this knowledge, our experts are at the forefront to help you learn how to safeguard your company systems and vital information from attacks.
Cyber security has become one of the most common technology threats as hackers continue to target an organization’s security regardless of its size. Cyber crime rates are rising at alarming rates as hackers continue to work relentlessly to devise new ways to creep into systems.
It’s worth noting that in the event of a successful attack, criminals may gain access to very sensitive information such as a company’s financial and customer’s details. If this information is compromised, a single cyber crime can seriously damage a business.
What is Cyber Security?
Cyber security is a set of procedures to protect computer technology such as networks, software, servers, mobile devices, and vital information from attack.
Due to the increased threats from new and developing attacks, the cyber security industry is evolving rapidly to protect individuals and companies from these threats.
The TLC Solutions team understands the severe impact these attacks can have and we employ the latest, tested tools to prevent these threats from affecting our clients.
Cyber security comprises various categories as described by our team below:
involves preventing all computer networks from attacks.
Most companies rely on the cloud to store sensitive information today. Cloud security has become a vital element in cyber security to protect the data and prevent illegal access from malicious hands.
Ensuring that every software application is kept secure through regular updates to fix any known security risks.
This safeguards the safety and security of information within a network and ensures appropriate restrictions are applied to all sensitive data.
Disaster recovery is critical in cyber security to detail how a company will recover its data and records in the event of a cyber criminal activity. The disaster recovery plan outlines handling data loss, restoring operations, and protective measures to prevent illegal data access.
Almost every organization and institution relies on systems connected to the internet to ease operations, enhance communication, and boost production. This connectivity has provided an excellent target for cyber criminals resulting in massive data loss and breaches. Almost any data is a potential target for cyber criminals to breach.
Why is Cyber Security Important?
“Cyber security is the most significant security investment that a company can have. Cyber security is vital for every business, whether large or small and should not be ignored”.
The use of technology is rising as more businesses and institutions rely on technology for convenience and timely operations. However, various risks come with technology dependence, and cyber crimes are among the leading risks.
Almost everyone uses electronic devices to store massive amounts of data. Cyber criminals work around the clock to scheme ways to access this data for financial gain. It is imperative to have concrete security measures to safeguard data and network systems.
Organizations and institutions require in-depth cyber security measures to counteract these risks. This ensures that all your key information, folders, and funds are secure, and your clients can continue to rely on your services.
As a key technology player, our team is working round the clock to ensure that you will not fall victim to cyber attacks. It is paramount to verify that your organization has efficient security measures put in place to prevent your business operations from any imminent attack.
By employing security measures with your private, organization, or institution computers and internet-connected devices, you will protect yourself against prevailing cyber threats. Applying appropriate policies and access controls to your data can significantly reduce the risk of illegal access to your system. Cyber security will help protect all your end-users and staff too.
Why is Cyber Security important to organizations and institutions?
Everybody is prone to cyber-attacks. Cyber attacks can bring down an entire organization through data leaks and breaches which have accessed sensitive information, by paralyzing communication and frameworks, resulting in significant disruption. Even your personal phone could be hacked, losing all your information such as family or travel photos, unauthorized access to your financial transactions, or tapping of voice calls and messages.
The following are some of the reasons why we consider cyber security as a critical component in technology:
#1. Information security:
With the increased dependence on technology, most organizations have turned to storing their critical information online. This has resulted in increased data breaches and leakages since improperly configured storage can be vulnerable to cyber attacks.
As a technology player in the 21st century, implementing the proper cyber security measures is a must to protect against any threats that may lead to the compromise of information.
#2. Increase in cyber crimes
Cyber criminals can target any organization, whether small or big. Technology is evolving year by year, and cyber criminals have not been left behind. They are on the lookout for openings to access the systems, fish out credible information and get quick money from their targets.
According to a recent study by our technical team, cyber crime activities have increased by nearly 25% over the last year, and the rate of attempted crime is likely to increase. The average cost of an individual cyber crime in 2021 was around US$133,000.
#3. Distressing Cyber threats costs
Recovery from cyber attacks can be very costly for individuals and enterprises. There is a great need to put concrete measures to prevent cyber criminals. With increased dependency on internet-connected devices, cyber crimes are estimated to be over US$10 trillion yearly within the next three years. Apart from financial damages, cyber attacks can result in business reputation and loss of clients due to lack of trust and reliability.
#4. The rapid development IoT (Internet of Things) devices
Presently, many people are connected to the internet to simplify tasks and make communication faster and flawless. Besides laptops and CPUs, there is increased use and dependency on smart devices, which have become susceptible to hacking. Cyber criminals will use every means possible to be one step ahead to get their targets. If cyber security is not taken seriously, these electronic devices can provide accessibility to cyber bullies and other harmful attacks.
Our team of experts at TLC Solutions can assist with understanding your data, where it is held, how it is accessible and by whom. We can then develop and implement the right cyber security strategies early enough to defend your organization against attacks.
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