It’s no secret that as more organisations continue to digitise at a rapid rate, the risk of a cyber-attack increases and the need to protect data online becomes greater. It is now estimated that by 2020 the global economic loss resulting from cybercrime will reach $3 trillion.
While introducing security measures for your organisation may not be a leading priority, the consequences that could follow if cyber security is breached could prove devastating for your organisation.
An organisation that experiences a cybercrime can be impacted in a number of ways. From financial loss if data is stolen or corrupted to penalties if any data breach impedes legal requirements. There is also the risk of lost reputation with customers if a breach is to occur.
As Acronis found, more than half of any business that falls victim to a cyber-attack or data breach will result in public scrutiny, and can suffer brand reputation, customer loyalty and the trust of their customers.
With increased digitalisation comes greater knowledge on navigating the world of technology. Cyber attackers are becoming smarter, and this means organisations need to also.
The first step to understanding the importance of cyber security begins with becoming aware of what leads to a data breach. Data breaches can occur in various methods that include web-based attacks, general malware and through compromised / stolen devices.
Human error is one factor that accounts for major data breaches. For example, phishing through emails that may be targeted straight to an employee’s inbox. If an employee is to click a link placed in one of these emails – it could lead a hacker straight into an organisation’s system.
While training staff to be aware and utilise good practices such as maintaining strong passwords and reporting suspicious online activities is important –it’s not always a secure method to ensuring a data breach is prevented. This is why solutions such as Data Backup and Disaster Recovery are critical.
As Acronis defines, Data Backup is the copy of files from your computer or device. As the risk of numerous cyber threats is real, the importance of an organisation working to back-up its important files and data is crucial.
Disaster Recovery is the plan put in place if an attack does occur and data is compromised. Adopting a Disaster Recovery solution is important for your organisation for many reasons that include ensuring uptime, maximising productivity and diminishing any risk of lost data.
How Do I Secure My Data?
Data Backup and Disaster Recovery methods provide insurance for your data. No matter what type of error plagues your business, any information will remain safe and allow you to continue functioning. Encrypting important information is another security measure that many organisations may benefit from. Hiring a third-party IT specialist can provide the expertise and experience your organisation needs to keep its data secure. A Managed Service Provider (MSP) may just be the answer.
Choosing an MSP to be responsible for the security of your IT grants you access to industry-wide knowledge and ensures your organisation remains ahead of developing IT security measures. Hiring an MSP also ensures your organisation remains compliant. An MSP will keep your organisation responsible to meet the ever-changing data protection and cyber security regulations.
Onboarding an MSP of the right size and with accurate knowledge to provide your organisation the IT security it needs could prove critical. While human error and loss of hardware can’t always be accounted for, ensuring critical data remains encrypted and there exists regular backed up and a disaster recovery plan will prove important to the long-term success of your organisation.