Cybersecurity is a set of methods used to defend systems connected to the Internet. It has the ability to defend computers, networks, software and data. Cyber-attacks are performed to provide unauthorized access, configure or liquidate data, or extort funds. Ransomware, malware, social engineering, and phishing are some of the more popular types of cyberattacks.
Cybersecurity can help organizations and individuals defend their own systems and data from unauthorized access.
According to a study, people around the world spend more than $75 billion on cybersecurity. This is due to the increasing number of cyber-attacks per year.
Cybersecurity not only protects systems and data from threats but also provides you with a large number of other benefits, such as increasing productivity, customer confidence, customer protection, and reducing the likelihood of your website going down.
In this post, we’ll examine the top 5 internet security firms and why their services are so important.
This is a skilled provider of cybersecurity offerings with 17 years of expertise in the given field. ScienceSoft certified ethical hackers are ready to figure out the security of network services, servers, firewalls, and front-end and back-end web, mobile, and desktop applications.
As IBM’s business partner for security and response operations, ScienceSoft has safely completed over 150 security testing and consulting plans in sectors like banking, retail, health care, creation, municipal section, and telecommunications.
This is a global, Switzerland-based cybersecurity company that provides application security testing, continuous web security and compliance monitoring, and asset inventory with security assessments enhanced by dark web monitoring. ImmuniWeb helps organizations reduce the complexity and cost of application security and compliance.
This is a global cybersecurity company that helps businesses and companies reduce their risk of attack by providing an effortless cybersecurity solution. Intruder’s product is a cloud-based vulnerability scanner that uncovers security vulnerabilities across the digital infrastructure.
Intruder provides reliable security scanning, continuous monitoring, and intuitive platform operation, protecting organizations of all sizes from hackers. Since its inception in 2015, Intruder has won multiple awards and been selected for GCHQ’s Cyber Accelerator. ”
This is the leading hacker-based security platform that enables organizations to find and fix critical vulnerabilities before they can be exploited. More Fortune 500 and Forbes Global 1000 companies trust HackerOne than any other hacker-powered security alternative.
The U.S. Department of Defense, General Motors, Google, the CERT Coordination Center, and over 1,300 other organizations have partnered with HackerOne to find over 120,000 security vulnerabilities and provide over $80 million in bug bounties.
HackerOne is headquartered in San Francisco with offices in London, New York, the Netherlands, and Singapore.
While the use of new IT systems and increasing networking have decisive and forward-looking advantages for companies, they also increase the risk from unauthorized access and criminal activities. Whether data misuse, system failures or thefts: IT security is undoubtedly one of the most important issues that small and large companies have to deal with. And better sooner than later, because the resulting damage is often seriously underestimated.
Why is IT security so important in companies?
1. Legal requirements and audits
The most important reason first: You are legally obligated to ensure sufficient IT security. For example, if you collect personal customer data or otherwise work with sensitive data, you must comply with applicable data protection laws and regulations. In addition to basic protection, however, there are other, industry-specific requirements for IT security. These include industries such as water supply, food retail, and finance and insurance. Constant changes and updates to the law make an expert in this area essential to ensure that your company is not threatened with warnings or worse.
2. Fight against cybercrime
Cyber-attacks affect small and large companies alike, sometimes with devastating consequences. Attackers aim to slow down, damage, or, in the worst case, completely paralyze IT components or a company’s IT infrastructure. The average cost a company faces from DDoS attacks is in the six-figure range – and that’s for one hour of downtime. Also, consider that such an attack can have long-lasting (financial) consequences:
- Remediation of the vulnerabilities, restructuring of the IT;
- The shutdown of operations with a corresponding loss of revenue;
- Data protection measures;
- Costs for legal disputes;
- Damage to image and loss of trust.
IT security is particularly important when you establish new systems or services, such as cloud services or IoT components. This is not just about protecting customer data, but also your own internal company data. With comprehensive IT security management, you protect yourself and your company from significant losses. In the worst case, a single cyber attack can threaten the existence of your entire company, for example through industrial espionage or the theft of trade secrets.
3. Banking and customer trust
A large and essential factor in IT security is trust. Customers choose those companies they trust most and with whom they know their data is in the best hands. Your customers entrust you with sensitive data (for example, bank data) and assume that it is secure on the servers. If this is not the case, your company is threatened with sometimes irreparable damage to its image, which is usually accompanied by the loss of the customers concerned. Your company’s value, therefore, depends to a large extent on the strength of your IT security.
Another point in this context is the trustworthiness of banks and insurance companies. The more comprehensive your IT protection is, the higher your company value and creditworthiness will increase. The VdS certification or guideline 3473 should be mentioned here: this deals with the establishment and implementation of elementary cyber security measures and is compatible with other security certificates such as ISO 27001 or the IT-Grundschutz of the BSI. SMEs in particular benefit from this certification, as it makes them more attractive to suppliers, customers, and, of course, lenders.
4. Market advantages and economic success
A final, but equally relevant reason for establishing strong IT security is your economic success. Show that security is worth a lot to you, and use it to position yourself in the market. We live in a time where we are confronted year after year with new trends and technologies that make cyber security more and more complex and demanding. This requires trained experts with many years of experience to adapt existing IT systems to new technical requirements, but above all to new threats.
Those who can hold their own in this area and communicate this correctly create enormous competitive advantages and consequently corporate success. IT security signals trust and a progressive mindset, two decisive characteristics for standing out from the competition and remaining fit for the future. So don’t cut any corners on this point, because it pays off for you on many different levels.
Now you have learned some reasons why it is absolutely necessary to pay attention to sufficient IT and data security.