Oct 26, 2020

What is Cybersecurity?


The world relies on technology more than ever before. As a result, digital data creation has surged. Today, businesses and governments store a great deal of that data on computers and transmit it across networks to other computers. Devices and their underlying systems have vulnerabilities that, when exploited, undermine the health and objectives of an organization. 

A data breach can have a range of devastating consequences for any business. It can unravel a company’s reputation through the loss of consumer and partner trust. The loss of critical data, such as source files or intellectual property, can cost a company its competitive advantage. Going further, a data breach can impact corporate revenues due to non-compliance with data protection regulations. It’s estimated that, on average, a data breach costs an affected organization $3.6 million. With high-profile data breaches making media headlines, it’s essential that organizations adopt and implement a strong cybersecurity approach. 

 

Common types of cybersecurity 

Network Security protects network traffic by controlling incoming and outgoing connections to prevent threats from entering or spreading on the network. 

Data Loss Prevention (DLP) protects data by focusing on the location, classification, and monitoring of information at rest, in use and in motion. 

Cloud Security provides protection for data used in cloud-based services and applications.  

Intrusion Detection Systems (IDS) or Intrusion Prevention Systems (IPS) work to identify potentially hostile cyber activity. 

Identity and Access Management (IAM) use authentication services to limit and track employee access to protect internal systems from malicious entities. 

Encryption is the process of encoding data to render it unintelligible and is often used during data transfer to prevent theft in transit. 

Antivirus/anti-malware solutions scan computer systems for known threats. Modern solutions are even able to detect previously unknown threats based on their behavior. 

Today, breaches are increasing at a rapid pace despite record levels of security spending. Global organizations are turning to human-centric cybersecurity, a new approach that places focus on changes in user behavior instead of an exponential number of growing threats.  This approach is designed to identify behavioral anomalies to surface and prioritize the most serious threats, reducing investigation and threat detection times. 

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