Cyber attacks are nothing new in these days. Not only big companies are subject to cyber attacks, small businesses are too. Cyber attacks these days have a devastating consequence to the small business. According to The National Cyber Security Alliance found that 60 percent of companies that are victims of a cyber attack go out of business within 6 months. The average loss is $200.000, according to a 2019 report by insurance carrier Hiscox.
Cyber security has never been simple. And because attacks evolve every day as attackers become more inventive, it is critical to properly define cyber security and identify what constitutes good cyber security.
Why is this so important? Because year over year, the worldwide spend for cyber security continues to grow. Organizations are starting to understand that malware is a publicly available commodity that makes it easy for anyone to become a cyber attacker, and even more companies offer security solutions that do little to defend against attacks. Cyber security demands focus and dedication.
Cyber security protects the data and integrity of computing assets belonging to or connecting to an organization’s network. Its purpose is to defend those assets against all threat actors throughout the entire life cycle of a cyber attack.
Most organizations use a prevention-focused security strategy. This approach to security is older than detection-based security and is effective in many different contexts. By deploying security solutions like firewalls and anti viruses and applying patches for identified vulnerabilities, an organization can dramatically decrease the probability of being the victim of a successful attack.
Finally, preventing a cyber attack is always better than responding to it. If an attacker can be stopped before they ever gain access to an organization’s systems, then they have limited or no opportunity to cause damage or steal sensitive data. If an organization can prevent all attacks against its systems from succeeding, it never has to deal with the cost of investigating and remediating a cyber security incident or data breach.