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The Importance of Cyber Security for Maintaining Information Security in Business Today

The Importance of Cyber Security for Maintaining Information Security in Business Today Trevor Nelson Northern Virginia Community College

This paper is being submitted on November 8th, 2021, for Luis Hernandez’s ITE 119 Information Literacy Course

The Importance of Cyber Security for Maintaining Information Security in Business Today

Do you want two hundred thousand dollars? This is average amount of money that costs a business to recover from a cyber-attack today. The amount is perpetual to the exact size of the company and popularity however with most US based businesses reported losses an average loss of $200,000 was reported per attack in the year 2019. Why does it cost businesses so much money to recover from a cyber-attack when they are compromised? It might not be what you expect. It’s because a lot of the time these businesses pay the hackers ransoms! This is not what you should do for two reasons. One being that once they have your money, they don’t have a real reason to unlock your system and could take your money and never do what they promised. Two being that once they know that you’ll pay them to get your computer or systems back these hackers and every other hacker in the world has every reason on the planet to try and hack you! It’s like painting a big red target on yourself. It’s not as easy as it seems to get rid of malware or ransomware today without paying these unethical hackers as you might expect. What you should do is completely wipe all of your systems and essentially lose all of that data before your last backup before your system was compromised. (However, what most people and businesses seem to do is pay the hackers off). Two hundred thousand dollars isn’t how much it costs the average American business to recover from a cyber-attack, that’s how much money they usually pay the unethical hackers to get their systems back. The real dollar amount is scalable to the amount of hardware and software the company has and the size of the security breech which can range from a million dollars to billions. This is why Cyber security is the most important issue facing modern businesses today and will continue to be an issue for the foreseeable future.

The Importance of Cyber Security for Maintaining Information Security in Business Today

Only you can stop these attacks from happening! Eighty-seven percent of hacking today roots from user errors or compromises in security due to authorized users. The more everyone is informed and trained in basic cyber security protocols the less this will be a issue in the future.