What is cyber Security and it’s Impact to your Business?

Learn about cyber security, why it’s important.

Definition of Cyber security

Cyber security refers to the body of technologies, processes, and practices designed to protect networks, devices, programs, and data from attack, damage, or unauthorized access. Cyber security may also be referred to as information technology security.

Importance of Cyber Security

Cyber security is important because government, military, corporate, financial, and medical organizations collect, process, and store unprecedented amounts of data on computers and other devices. A significant portion of that data can be sensitive information, whether that be intellectual property, financial data, personal information, or other types of data for which unauthorized access or exposure could have negative consequences.

Organizations transmit sensitive data across networks and to other devices in the course of doing businesses, and cyber security describes the discipline dedicated to protecting that information and the systems used to process or store it. As the volume and sophistication of cyber attacks grow, companies and organizations, especially those that are tasked with safeguarding information relating to national security, health, or financial records, need to take steps to protect their sensitive business and personnel information.

As early as March 2013, the nation’s top intelligence officials cautioned that cyber attacks and digital spying are the top threat to national security, eclipsing even terrorism.

Challenges of Cyber Security

For an effective cyber security, an organization needs to coordinate its efforts throughout its entire information system. Elements of cyber encompass all of the following:

  1. Network security
  2. Application security
  3. Endpoint security
  4. Data security
  5. Identity management
  6. Database and infrastructure security
  7. Cloud security
  8. Mobile security
  9. Disaster recovery/business continuity planning
  10. End-user education

The most difficult challenge in cyber security is the ever-evolving nature of security risks themselves. Traditionally, organizations and the government have focused most of their cyber security resources on perimeter security to protect only their most crucial system components and defend against known treats. Today, this approach is insufficient, as the threats advance and change more quickly than organizations can keep up with. As a result, advisory organizations promote more proactive and adaptive approaches to cyber security.

Similarly, the National Institute of Standards and Technology (NIST) issued guidelines in its risk assessment framework that recommend a shift toward continuous monitoring and real-time assessments, a data-focused approach to security as opposed to the traditional perimeter-based model.

Managing Cyber Security

Crystal Technologies, recommends a top-down approach to cyber security in which corporate management leads the charge in prioritizing cyber security management across all business practices. Crystal advises that companies must be prepared to “respond to the inevitable cyber incident, restore normal operations, and ensure that company assets and the company’s reputation are protected.”

Cyber risk assessments should also consider any regulations that impact the way your company collects, stores, and secures data. Following a cyber risk assessment, develop and implement a plan to mitigate cyber risk, protect the “crown jewels” outlined in your assessment, and effectively detect and respond to security incidents. This plan should encompass both the processes and technologies required to build a mature cyber security program.

An ever-evolving field, cyber security best practices must evolve to accommodate the increasingly sophisticated attacks carried out by attackers. Combining sound cyber security measures with an educated and security-minded employee base provides the best defense against cyber criminals attempting to gain access to your company’s sensitive data. While it may seem like a daunting task, start small and focus on your most sensitive data, scaling your efforts as your cyber program matures.

Cyber Security protects your Brand.

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