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Cyber security is a vital aspect of any business that relies on technology. Cyber attacks can cause severe damage to your data, reputation, and finances. This blog post will explore some of the top cyber security threats businesses face today and how to protect yourself from them.

The Top Threats

There are many types of cyber attacks, but here are some of the most common ones:

Ransomware

This malicious software encrypts your files and demands a ransom to restore them. Ransomware can affect any device, from computers to smartphones. To prevent ransomware, you should always back up your data regularly, avoid opening suspicious email attachments or links, and use reliable antivirus software.

Phishing

This is a fraudulent attempt to obtain your personal or financial information by impersonating a legitimate entity, such as a bank or a government agency. Phishing can be done through email, phone calls, or fake websites. To avoid phishing, you should always verify the sender’s identity and website URL, never share your passwords or sensitive information online and use a spam filter for your email.

DDoS

It stands for distributed denial-of-service, an attack that overwhelms your network or website with a large amount of traffic, making it slow or inaccessible. DDoS attacks can disrupt your business operations and customer service. To prevent DDoS attacks, you should monitor your network traffic and performance, use a firewall and a VPN, and employ a cloud-based service that can mitigate the attack.

Malware

This is a general term for any malicious software that can harm your device or data, such as viruses, worms, trojans, spyware, etc. Malware can infect your device through various channels, such as downloads, email attachments, removable media, etc. To prevent malware, you should update your software and applications, use reputable antivirus software, scan your device regularly, and avoid clicking on unknown or suspicious links or pop-ups.

Insider Threats

These are cyber-attacks carried out by someone with authorized access to your system or network, such as an employee, a contractor, or a partner. Insider threats can be motivated by various reasons, such as revenge, greed, curiosity, etc. To prevent insider threats, you should implement strict access control policies and procedures, monitor user activity and behavior, and provide regular cyber security training and awareness for your staff.

Cyber Security is a good investment

Cyber security can save you money and time in the long run. Here are some examples of how cybersecurity can benefit your business:

  • According to a report by IBM, the average data breach cost in 2020 was $3.86 million globally. The report also found that, on average, businesses with an incident response team and plan reduced the cost by $2 million.
  • According to a study by Accenture, the average number of security breaches per organization increased by 11% from 2018 to 2019. The study also estimated that the potential value at risk due to cyber attacks over the next five years is $5.2 trillion globally.
  • According to a survey by Kaspersky, 43% of small and medium-sized businesses experienced at least one cyber attack in 2019. The survey also revealed that the average cost of recovering from a cyber attack for these businesses was $108,000.

These examples show that cyber security protects your data and reputation and saves your money and time.

Need IT Expert Services? Contact us

If you need professional help with your cyber security needs, you can contact us at TechProComp. We are a team of IT experts who can provide customized solutions for your business.

We have experience working with various industries and sectors, such as real estate, manufacturing, finance, oil and gas, software, technology, construction, etc. We use the latest tools and technologies to ensure your business is secure and resilient against cyber threats. To learn more about our services and how we can help you, please visit our website at techprocomp.com or schedule a call with us below.

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About the author

Slobodan Krsmanovic, the CEO of TechProComp, brings over 25 years of deep-rooted experience in the IT industry. As the author driving our insightful posts, Slobodan embodies a steadfast commitment to client-centric service, fostering respectful and secure collaborations across all business scales.

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