cybersecurity

The Home of Cyber Security

Cyber security is the practice of protecting systems, networks, internet connected devices and programs from digital attacks. These attacks are usually aimed at accessing, changing, or destroying sensitive information; extorting money from users; or interrupting normal business processes.

Widespread Effect?

A cyber-attack can be devastating because a single event can impact a business in many ways.

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Loss or Damage to Electronic Data

A cyber-attack can damage electronic data stored on your computers. For example, a virus damages your sales records, rendering them unusable. Recreating them is a time-consuming process that involves sifting through old invoices.

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Extra Expenses

A cyber-attack may cause you to incur extra expenses to keep your business operating. For instance, a hacker damages two of your computers, forcing you to rent two laptops so you can keep your business running until your computers are repaired.

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Loss of Income

An attack may also cause a loss of income. For instance, a denial of service attack makes your computer system unavailable to customers for two days. You are forced to shut down your business during that period, and your customers go to your competitors. The two-day shutdown causes you to lose income.

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Network Security and Privacy Lawsuits

A cyber thief may steal data stored on your computer system that belong to customers, vendors and other parties. These parties may sue your firm. For example, a cyber-thief hacks into your system and steals a customer's confidential file that reveals his sexual orientation. The hacker makes that information public.

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Extortion Losses

A hacker steals sensitive data (yours or someone else's) and then threatens to post it on the Internet unless you pay him a $50,000 ransom. Alternatively, you accidentally download ransomware by opening infected email. The malware encrypts your data, rendering it unusable.

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Damage to Your Reputation

A cyber-attack can seriously damage your company’s reputation. Potential customers may avoid doing business with you, believing you are careless, your internal controls are weak or that an association with you will damage their reputation. Example of what happened happened to crypto currency exchanges last year shows how real this works.