What Organizations Need to Know about Cyber Security By Niranjana Srinivasan | Digital Transformation Services | Comments are Closed | 22 May, 2023 | 1 Cyber security or IT security is the protection of computer systems and networks from information disclosure, theft or damage of their hardware, software or electronic data, as well as the disruption or misdirection of the services they provide. Cyber security aims to eliminate the risk of cyber-attacks and guard the system, networks, data and devices from unauthorized, unwarranted exploitation. Legal requirement for cyber security Yes, it is crucial for the organization to have cyber security measures in place. The GDPR (General Data Protection Regulation) and DPA (Data Protection Act) 2018 require organizations to implement fitting security measures to protect personal data. Importance of cyber security The rationale and benefits of cyber security are detailed as follows: Increasingly sophisticated cyber-attacks are coming up. The tactics and the reach of cyber attackers are ever-increasing, including malware and ransomware, phishing, social engineering, insider threats, advanced persistent threats and others. Unauthorized user access is prevented. Cyber security addresses vulnerabilities of the system and the network, thereby securing it from unauthorized access. End users and devices are protected. Data privacy is maintained by the upkeep of cyber security. Data and network protection is also ensured. Regulations are increasing the costs of cyber security breaches. Hefty fines are imposed by privacy laws like the GDPR and DPA on organizations that ignore the threat of cyber attacks. Cyber security ensures the continuity of the business which is critical to the success of any organization. Cyber security measures translate into a rise in the reputation of the company and consequently improved trust in the relationship with its clientele and all the stakeholders.
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