In this contemporary era, cyber threats and crimes are increasing at an enormous rate. Thus, there comes the necessity to protect our networks, data and all other information that can cause further issues. Now, it is more crucial to protect our online data then to lock our homes, as all the work is being carried virtually; whether it be the business meets or governmental data.
Cyber security is important because it protects all categories of data from theft and damage. This includes sensitive data, personally identifiable information, protected health information, personal information, intellectual property, data, and governmental and industry information systems.
According to Cyber crime Magazine, cyber crime will cost the world $10.5 trillion annually by 2025! Moreover global cyber crime costs are estimated to surge by almost 15 percent yearly over the next three years. Concepts such as the pandemic, cryptocurrency, and the rise in remote working are coming together to create a target-rich environment for criminals to take advantage of. From business deals, to personal information everything is on your network. That is what the criminals take advantage of, they see the vulnerability of your network and peep in.
Industries need cyber security to keep their data, finances, and intellectual property safe. Individuals need it for similar reasons, although intellectual property is less of a factor, and there is a higher risk of losing important files, such as family photos. In the case of public services or governmental organizations, cyber security helps ensure that the community can continue to rely on their services. For instance, a Facebook data breach exposed over 533 millions individuals’ personal information to hackers. This included the user’s name, date of birth, current city, and posts made on their wall. The vulnerability was discovered in 2021 by a white hat security group and has existed since 2019.
Nowadays, cyber security industry is mainly focused on protecting devices and systems from attackers. While the bits and bytes behind these efforts can be hard to visualize, it's much easier to consider the effects. Without cyber security professionals working tirelessly, many websites would be nearly impossible to enjoy due to ever-present denial-of-service attack attempts. Thus, for starters cyber security is necessary to maintain lifestyles, and to ensure that the websites that are important for your daily work and working efficiently; so that your lifestyle doesn't gets effected.