The purpose of Cyber Attacks is toġ) Unauthorised or illegal access to data: Gaining access to data in an attempt to either modify or delete the data.Ģ) Extortion: Threaten the victim in exchange for money by illegally gaining access to their private and sensitive data.ģ) Hurt the Competition's Business: It is possible to hurt a competitor's business by stealing trade secrets or other valuable information like Intellectual Properties that has significant value. And if any business wants to survive in today's competitive world, it needs to have the right Cyber Security strategy.Ģ) What are the advantages of Cyber Security for businesses?Ĥ) The importance and impact of Cyber Security on businessesĥ) Conclusion Let’s learn what Cyber Security isĬyber Security is the process of protecting Computer systems, networks and data from malicious attacks like Hacking, Phishing and other Cyber threats. Protecting 9 billion devices is difficult, but protecting 29 billion devices is a humungous task, and that's where Cyber Security comes in.Ĭyber Security uses the power of machine learning and AI to monitor and protect an organisation from outside threats effectively. These devices could be anything from consumer electronics to complex systems that business use for their operations. Read on more to find out the advantages and disadvantages of Cyber Security for businesses and its importance and impacts on them.Īccording to Statista, there will be about 29 billion IoT (Internet of Things) devices worldwide by 2030, compared to 9 billion devices as of 2022. As a result, Cyber Security has become the knight in shining armour that can effectively protect businesses from these threats. In addition, hackers sell some of the most sensitive and valuable data on the black market. In today's internet world, data has become one of the most prized targets for hackers.
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