Cybersecurity and the industry of online protection

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Our lives have all become significantly more digitised over the last number of years.

From day-to-day tasks such as shopping and banking to communicating with friends, listening to music, reading, working out and so much more, technology has made its way into just about every facet of our personal lives. And, it's not showing signs of slowing down any time soon.

In the workplace, technology has also completely transformed how business is done, from streamlining business processes to improving employee management, ensuring accurate bookkeeping and a host of other innovations, which, in the eyes of many experts, have changed the business landscape forever.

Moving forward, it's crucial that both individuals and businesses start getting into cyber security and taking cybercrime seriously to ensure they keep their important data safe and secure.

Let's take a look at just a few reasons why cybersecurity and the industry of online protection have become increasingly important in recent years.

As an increasing number of businesses move some or all of their systems online and more consumers are drawn to shopping online, there has also been a significant increase in the number of cyberattacks that have taken place.

Cybercriminals have become more advanced and sophisticated as technology has developed, making it more important than ever that your data is protected.

With more people using online storage, social media, online banking and a range of other e-services, the average person has a lot of personal information and sensitive data stored online.

To prevent this information from falling into the wrong hands, you need to ensure that you have the right systems in place to keep hackers at bay.

With a conscientious approach to data protection, you can ensure that your personal information is kept safe from cybercriminals moving forward.

For business owners, the cost of recovering after a cyber attack is rising all the time. Of course, the cost of recovery will depend greatly on what systems you have in place to protect your data and systems, the nature of the attack and the impact on both your business and your customers.

A recent study in Australia found that the average cost of a cyber attack is $276,323, with 53 per cent of that money being spent on detection and recovery.

The cost to businesses is more than just financial, with the average cyberattack taking twenty-three days to be resolved, and this can increase to fifty-one days if the attack was carried out by a malicious insider contractor or employee, which can mean huge disruption to any business.

The internet of things (IoT) is growing all of the time with more devices being connected every single day.

In Australia, there was an average of approximately twenty internet-connected devices per household in 2020 and by 2024, that number is expected to rise to closer to thirty-six devices.

Although these devices make so many aspects of our personal and professional lives so much easier and more convenient, if not managed correctly, these devices can provide cybercriminals with a way into your home or business.

Making cybersecurity a priority and regular vulnerability checks to assess and address the potential additional risks of these assets moving forward is key.

With the world becoming increasingly digitised and more of our personal and business data being stored digitally, cybersecurity and the industry of online protection will become even more important as time goes on.

To ensure that your data is safe and secure moving forward, be sure to make cybersecurity a priority at home, at work and on the go.