Why is cyber security important?

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Recent job trends depict the fact that cyber security jobs have a 0% unemployment rate. Why is there such a demand for these Cyber security guys? Why is cyber security important?
Jan 29 in Cyber Security & Ethical Hacking by anonymous
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Listed below are the reasons why cybersecurity is so important in what’s become a predominant digital world:

  • With each passing year, the sheer volume of threats is increasing rapidly.  According to the report by McAfee, cybercrime now stands at over $400 billion, while it was $250 billion two years ago. 

  • Cyber attacks can be extremely expensive for businesses to endure. In addition to financial damage suffered by the business, a data breach can also inflict untold reputational damage.

  • Cyber-attacks these days are becoming progressively destructive. Cybercriminals are using more sophisticated ways to initiate cyber attacks.

  • Regulations such as GDPR are forcing organizations into taking better care of the personal data they hold.

Because of the above reasons, cybersecurity has become an important part of the business and the focus now is on developing appropriate response plans that minimize the damage in the event of a cyber attack. But, an organization or an individual can develop a proper response plan only when he has a good grip on cybersecurity fundamentals.

For more info refer https://www.edureka.co/blog/cybersecurity-fundamentals-introduction-to-cybersecurity/

answered Jan 29 by Sirajul
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