Cyber security - Cyber Cecurity in the financial sector, The banks have been dealing with this topic for a long time and are considered pioneers in cyber security in the economy as a whole. It is therefore worth taking a look at how they are viewed.
https://www.seo-werk.com/en/cyber-security/Man has always strived to discover new things to make life better and more comfortable. He has been always motivated to find new vistas and try new methods and technological advancements using the intellect. One development leads to another and he never just stops and advancement and progress in never ending and is an on going project.
Everyone who works on a computer must be familiar with the term "Cyber Crime". This article intends to give an overview of Cyber Crimes since in e-life (of which we all are a part of) conventional crimes like extortion, forgery etc. are being done with the help of computers; which most of us are using for online monetary transactions.
How important is cyber security today?
Nobody denies that cyber security is important. However, their importance goes beyond mere data protection. Vulnerabilities are an underestimated risk to a company’s reputation. Today, customers and business partners also rate a company according to the importance it attaches to cyber security. If security gaps become known, this causes long-term reputational damage beyond the immediate damage. So far, many companies have placed cyber security solely in the IT area and only look at it from the point of view of the experts there. Basically that is correct, but it is important to evaluate the importance of the necessary measures from the perspective of reputation and marketing. The IT professional may say: An attack has occurred, data has been skimmed off, but we can contain the damage. The marketing expert, on the other hand, says: If the public finds out, our reputation is so badly damaged for years that it endangers the continued existence of the company. So we have to strengthen cyber security in such a way that successful hacker attacks can be ruled out. Of course, we take this point of view in your interest.
Remember Bruce Willis, the main protagonist in the fourth installment of the Die Hard series last summer? Live Free or Die Hard depicts Willis as the New York police department detective John McClane who is commissioned to capture a gang of 'cyber terrorists' intent on shutting down the entire world's internet. In today's increasingly volatile world of mobile activated bombs and websites of various militant groups, it is not hard to imagine the Die Hard scenario materializing in real life as well.
Recent cyber security research
The problem of cyber attacks and their one-sided consideration from an IT point of view is the subject of numerous recent studies. The management consultancy Brunswick recently discussed the topic in a webinar. In short, the bottom line is: A cyberbreach (break into the security architecture) is an enormous risk for the company’s valuation and reputation. Entire brands are at risk as a result – and this has been increasing in recent years, as the annual Global Risk Report of the World Economic Forum shows. The training of employees and cyber preparedness (being prepared against attacks) on a technical, organizational and communicative level are mentioned as countermeasures.
Digitization is advancing inexorably. However, this increases the company’s dependency on a perfectly and reliably functioning system landscape. The risks from weak cyber security are growing: Attacks could paralyze company processes for a long time, as demonstrated, for example, by the hack on a US fuel supplier in spring 2021. The result was petrol shortages at the petrol stations, enormous price increases and hamster purchases. Cyber security is no longer an exclusive IT issue. It affects the entire value chain, which is why management has to assume overall responsibility for it. The problem was exacerbated by the corona pandemic because the increased work of employees in the home office created additional dangers.
For more information visit our website- https://www.seo-werk.com/en/cyber-security/
Comments