Cybercrime costs 0.8% of the world’s GDP, causing over $600 billion a year in damages worldwide, with an annual growth rate of 11.3%. It’s important to take cyber security seriously by implementing a strong business continuity plan that helps to protect your business from threats.
Cyber security is especially important for business as a data breach can lead to serious financial and reputational consequences. In some cases, data breaches can lead to legal action, too.
It’s always better to be proactive than reactive when it comes to your business’ cyber security. You can bolster your defences in many ways – just remember to take it seriously, review it regularly, and stay vigilant.
Why does your business need cyber security?
Investing in cyber security will help you protect your business from cyberattacks. Cybercriminals will undermine your business integrity by compromising data stored on your devices, servers, and transmitted over networks, so it’s best to make it as difficult as possible for them to cause damage.
Some of the main threats are:
Preventing these attacks will save your business from financial stress, e.g., through paying ransom after a ransomware attack. It will also save you from reputational damage.
What can your business do to improve cyber security?
Once your business and employees understands the need for robust security measures, it’s time to take steps to improve your cyber security. It’s also worth looking at cyber security tips specific to hybrid working so you can ensure you’re taking the best approach for modern ways of working.
A simple but effective way to start your cyber security journey is to get an accreditation. These are designed to ensure you take the right steps to secure your business. Some examples are:
When implemented into a business correctly, these can greatly increase the safety of your IT infrastructure, reassure your customers that your business is secure, and help you to attract new business.
Reinforce your IT infrastructure
Understanding the importance of cyber security for business success and taking a proactive approach to your security defences will only benefit your organisation. The cost of good cyber defences is always less than the cost of recovering from an attack, so don’t delay reinforcing your IT infrastructure.
At Texaport, we understand the importance of these advancements, and we work with our clients to put a reliable system in place to improve their business efficiency. Our team has a wide range of IT knowledge and remains acquainted with the movements in the IT industry. Find out more here.
