Cyber security refers to the utilisation of technologies, procedures, and controls to safekeep infrastructures, systems, programs, devices, and information from cyber-attacks. The purpose is to reduce the risk of these attacks and protect systems, networks, technologies, and data.
Why is cyber security important?
Cyber security threats are becoming more costly. Organisations that commit violations, such as GDPR (General Data Protection Regulation) and DPA (Data Protection Act) 2018, can benefit from substantial monetary penalties for cyber security breaches. Non-financial costs, such as a loss of public image, also apply.
Cyber attacks are increasingly sophisticated
Cyberattacks are becoming ever more intricate, utilizing an increasingly extensive assortment of approaches. These involve password hijacking, malware, and ransomware.
Cyber security is a critical, board-level issue
New regulations and reporting requirements have made cybersecurity risk management a large challenge. The board requires assurances from management and the company that it will use appropriate cyber risk strategies to reduce the potential harm of a cyberattack and minimize financial losses and operational interruption.
Who needs cyber security?
Cybersecurity is the application of systems that manage and prevent security threats to computing systems. It is a mistake to think you do not need to bother with cyber security. Everyone needs it because they are connected to the internet. Cyber-attacks are automated and mainly search for ways to get into computer systems that are well-known to cybersecurity experts.
Types of cyber threats
- Malware, such as ransomware, botnet software, RATs (remote access Trojans), rootkits and boot kits, spyware, Trojans, viruses and worms.
- Backdoors, which allow remote access.
- Form jacking, which inserts malicious code into online forms.
- Crypto jacking, which installs illicit cryptocurrency mining software.
- DDoS (distributed denial-of-service) attacks, which flood servers, systems and networks with traffic to knock them offline.
- DNS (domain name system) poisoning attacks, which compromise the DNS to redirect traffic to malicious sites.