Cyber Security in ’19

Increasing vulnerability

Tech innovation has become a key term for businesses looking to boost competitiveness and ROI and allocate resources more effectively, but this necessarily involves risk. For example, using the cloud creates centralisation of data, producing bigger targets for cyber criminals. A rise in the use of mobile has also created more ways in which business networks can be penetrated, and the phenomenon of Big Data – so useful for understanding customer behaviours and responses – puts huge pressure on business security simply as a result of the increase in volume of material to safeguard.

Why cyber security is important

Whether an attack takes the form of some type of internal sabotage, or an external security breach, the consequences can be significant for businesses. From quantifiable financial loss, to the destruction of trust in a business that has suffered a security breach, operational disruption and issues that can arise from failing to carry out basic obligations, such as paying suppliers or meeting orders, a lack of cyber security can lead to problems that go right to the heart of every organisation. Businesses that find themselves infected with malware as a result of a breach of cyber security can pass this on to others, as many of these malicious attacks are designed to spread themselves as far, and as fast, as possible.

Gone are the days when businesses could assume ‘it won’t happen to us.’ We have seen in recent months that even the largest and most apparently invulnerable organisations cannot escape, and that the smallest businesses still produce data which has value to cyber criminals and hackers. Like never before there is now an urgency for every organisation to protect itself from cyber security threats.