5 Main Reasons Why Cyber Security Is Important

Read about the 5 Main Reasons Why Cyber Security Is Important to individuals, businesses and companies. Cyber threats are real and dangerous.

It is undeniable that we are very dependent on our gadgets and the Internet. Despite the advantages that technology brings, it is not without its drawbacks. Our reliance on technology and the Internet in our everyday life have become valid reasons why cyber security is important to each and every one of us be it for individuals, organizations, schools or even companies-now more than ever.

The usage of smartphones, tablets, laptops and of course the Internet is now so ubiquitous that it feels weird if you are not using any of them. As we are getting increasingly connected via the Internet, our risks to be exposed to cyber attacks also increases in tandem. Nobody wants to be vulnerable, let alone attacked while using technology, right? That is where cyber security comes in.

5 Main Reasons Why Cyber Security Is Important

You may think it is too early to spend money on cyber security; Or perhaps you feel that you will never be targeted by cybercriminals. Truth is-your smartphones or laptops might have already been infiltrated by unscrupulous digital thieves who aim to steal your important information like credit card details or even passwords to your digital wallets. Hence, it is wise to invest in cyber security before it is too late. The following are the 5 main reasons why cyber security is important.

1. Cyber Attacks Are Increasing Exponentially

As technology makes life easier for us, thieves and burglars also find it more convenient to use technology to steal and rob. Why risk being caught red-handed while robbing a house when you can transfer all their savings into your own bank account behind the computer screen right? No one is immune to cyber-attack and that is why we need to be vigilant and be prepared.

Cyberattacks that are common range from phishing, malware, Man-in-the-middle and even crypto-jacking just to name a few. If you are not taking the necessary precautions or lack cyber security awareness, you might make it even easier for cybercriminals to take advantage of your ignorance, and ultimately cost you a lot of money which might include your retirement savings.

2. Gadget Users Are Getting Too Vulnerable

Another main reason why cyber security is important is that we are getting very connected to each other regardless of any geographical limitations. Perhaps we are too connected for our own comfort and safety. With more emphasis is given to convenience and speed, we sometimes neglect the need to protect ourselves especially when we are using our smartphones.

The rise of IoT (Internet of Things) devices also spells trouble for tech consumers. The more connected we are, the more opportunities cybercriminals have at their disposal to exploit on. Cyber-crooks can easily steal important information, photos and videos from your smartphones without you knowing it. The next thing you know is you have received blackmail in your inbox, extorting large sums of money from you. Do you want to live in fear, being taken hostage by cyber-criminals who have had access to your gadgets?

3. Cloud Storage Needs To Be Protected

In the past few months, we have witnessed how cloud storage outages will affect other services dearly. Just last month, the Google Cloud Storage outage had caused popular apps such as Spotify and Discord just to name a few to stop working. What if these outages to cloud storage are actually attempts made by cyber-criminals to crack the security of various companies. Imagine how much money will be lost as well as unnecessary disruptions that come with it.

The increased adoption of IoTs also means that we will be relying even more on cloud storage to store and execute everything. More and more companies are investing in cloud storage instead of in-house servers to make everything more convenient and supposedly safer for the companies and their clients. That means we need to invest even more in cyber security to protect sensitive, critical information stored on cloud storages to prevent any unwanted hassles, problems or even loss of profit.

4. Prevent You From Losing Tonnes of Money

If you do not invest in cyber security, you risk losing a lot of money as an individual or as a company. Individually, you might be targeted for your banking accounts and even your crypto wallets. Now you can even be robbed while you are safe and sound inside your own house. Thanks to the advancement of technology and the Internet, cybercriminals can insidiously slip into your virtual property and start siphoning all your hard-earned money.

Being the boss of a company that relies on in-house servers and computers for all your operations will also mean that you might be on the radar of digital criminals. You could either hire cyber security experts to beef up your system or outsource from cyber security companies to help you do all the heavy lifting. Of course, both these options can be quite expensive. Alternatively, you could also send your existing IT team to attend cyber security training. Either way, the end goal is to protect your company's servers and computers from possible cyber-attacks which might cost you even more money.

5. Boost Your Credibility and Reputation

Imagine that your company's website has been hacked and your customers can no longer have access to it. What if you are entrusted by a client but you could not carry out the job as expected due to cyber-attacks? All these frustrated clients will of course have second thoughts about doing business with you again in the future.  Eventually, your company will lose the trust of your clients and worse comes to the worst you will be branded as a terrible company that does not prioritise your client's interest and safety. Such repercussions might last for a long time!

Personally, if your cyber security awareness is lacking, you will be easy prey for cyber vultures who would pounce on you when you least suspect it. They will exploit personal information such as text messages, photos or even videos that might compromise your reputation. Once your sensitive data has been leaked, it will be impossible to undo what is not meant to be out in the open. Are you vigilant enough to fend off all the possible cyber threats?

Cyber Security Training For Individuals and Businesses

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Cyber Security Is a Necessity

Last but not least, it is obvious that cyber security is no longer a luxury. In fact, cyber security has become a necessity for each and every one of us be it for individuals or businesses. We have gone through the 5 main reasons why cyber security is important and there is no doubt that if we do not start investing in cyber security knowledge and infrastructure, we will be the ones losing out in this digital age.