Cyber threats are a menace. We all know this. But many people still underestimate how much of a danger they can be.
The worst part is that they’re a silent danger. They can slip past our defences without our realising until it’s far too late. This is why it’s so important for any organisation―big or small, public or private―to have not only an ironclad cybersecurity strategy, but an effective recovery plan.
Here are just a few reasons why cybersecurity is essential:
1. Evolving Cyber-attacks
Cyber-attacks are not only growing more frequent but are becoming more sophisticated. With the implementation of AI, it is now more challenging than ever simply to stay ahead of the curve.
Due diligence is, of course, integral from every member of staff which means that regular training on all the latest cybersecurity measures must be distributed accordingly.
2. Legal and Regulation Compliancy
The consequences of a data breach can be severe and far-reaching. Not only will it impact your business by having all its data stolen, but it could also lead to legal ramifications.
Under GDPR, every UK business is required to store sensitive data ethically with Data Protection Officers (DPOs) being critical in this process. In allowing such data to fall into the wrong hands, it could lead to a serious fine or even prosecution which the company may never recover from.
3. Safeguarding Sensitive Information
Regarding GDPR, it is a moral duty of any business handling sensitive data to safeguard it in any way they can. In the wrong hands, that data can affect hundreds if not thousands of people with hackers acquiring their data from the dark web.
On a less personal level, data loss can lose a business’s position in the market. In losing that position, it can seriously affect performance and annual revenue.
4. Financial and Reputation Loss
It’s common knowledge that big businesses that have been victims of a data breach have gone on to lose millions in financial revenue. This ranges from short-term expenses in response to the breach to long-term loss due to damaged reputation.
If nothing else, cybersecurity should be enforced to protect a business from suffering a potentially devastating blow to their capital as well as that to their prestige.
5. Building Customer Trust and Loyalty
With loss of reputation comes loss of trust. If customers are aware your business has suffered a data breach, they’ll be less inclined to come to you for the service you provide in future.
To avoid losing out to the competition, it’s critical that businesses implement a strong cybersecurity network to ensure customers stay loyal and trust you with their data.
In summary, cybersecurity plans go a long way in protecting a business from future financial and reputation loss which in turn protects its position in the market.
Get All Your Cybersecurity Essentials with bSecured
Feeling overwhelmed with your business’ cybersecurity concerns? Unsure where to start? With bSecured, you can get all the best cybersecurity solutions all in one package.
From dark web monitoring to next-gen antivirus solutions, you can quickly and effectively gain robust IT support from our expert team and secure your sensitive data against the most common cyber threats.
If you want to learn how Bells IT Support can help your business be more secure, visit our contact page to get in touch and learn more by speaking to one of our team.