Cybersecurity can significantly increase the safety of your data within your business; implementing a solid cybersecurity plan can prevent future cyber threats and help keep your business safe.
Cybersecurity is the practice of protecting personal electronic information from unauthorised access or theft. This includes data stored on computers, servers, and data transmitted over networks. Cybersecurity can come in many forms protecting you and your data from different types of cyberattacks.
Cybercrimes are already costing up 0.8% of the world’s GDP, causing over $600 billion a year in damages worldwide, with an annual growth rate of 11.3%. Through the high number of damages each year and the increase in popularity of cyber attacks, it is important to take Cybersecurity seriously by implementing a strong business continuity plan aimed at increasing your Cybersecurity.
Cybersecurity is important for business as a data breach can lead to serious consequences. The loss of sensitive data can damage a business’s reputation and lead to financial losses. In some cases, data breaches can lead to legal action, negatively impacting your business’s finances.
In this article, we explain the importance of Cybersecurity and the advantages it brings to your business.
Why does your business need Cybersecurity?
Cybersecurity can bring a great number of advantages whilst implementing a strong layer of security towards your business. By investing in Cybersecurity, you will be able to protect your business from cyber-attacks, such as:
- Phishing Emails
- Malware and Viruses (Ransom payments in the first quarter of 2016 totalled $209 million, compared to just $24 million in all of 2015, with this number growing yearly)
- Data Breaches
- Malicious Websites
- Mobile Device attacks
This list of potential attacks towards your business shows the importance of Cybersecurity as it protects your business from within; by preventing these attacks in the first place, you can save your business from financial trouble as these attacks can become costly.
Also check out our 5 Cybersecurity Tips for Hybrid offices when you are not fully protected in the workplace.
Cybersecurity accreditations and their benefits
Here is a list of cybersecurity accreditations you can implement within your business to increase your Cybersecurity:
- Cyber Essentials (Train your team from within with IT Consultancy)
- Cyber Essentials Plus
- IASME (Information Assurance for SMEs)
- Cyber-Insurance (costing businesses £500-5000 a year on average)
These safety measures, when implemented into a business correctly, can greatly increase the safety of your IT infrastructure by training your team from within and preventing any future crisis from negatively impacting your business. One of the main accreditations which should be implemented as a healthy business practice is Cyber Essentials and Cyber Essentials Plus for an extra layer of security.
Cyber Essentials reassures your customers that you have secured your IT against potential cyber threats. Cyber Essentials allows you to attract new business by reassuring your potential customers that you are safe, as they will be aware that you operate securely and meet compliance requirements.
By implementing Cyber Essentials Accreditation, you will be able to improve Firewall Security, Patch Management, Malware Protection, Access Control and Secure Hardware Configuration. This will lead to minimised risk of threats, lower your insurance premiums, maintain your client trust, and meet UK GDPR compliance requirements.
As can be seen, implementing cybersecurity practices within your business can greatly increase your safety and reinforce your IT infrastructure in the event of a crisis. This will greatly reduce the chance of a risk negatively affecting your business’s reputation causing financial losses. Texaport provides Expert IT Support services to help train your business from within and increase your Cybersecurity with the help of Cyber Essentials Accreditation.
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.