What is Cybersecurity?
Created August 29, 2024
Updated August 29, 2024
9 min read

What is Cybersecurity (and Do You Need It to Protect Your Business)?

How many times have you turned up the news or saw on your social media feed about data being stolen from some big company, and the financial damage is usually in the millions of dollars?

It can go from stolen data within an app like preferences and passwords, to stolen credit card numbers and social security details. Usually, the hackers will target big corporation that keep this data and find a way to access it, and they usually do that by tricking some of the employees with corrupted links of some other phishing scam that later opens the doors for the actions that do bigger damage.

So how do we protect our company from an attack like this? This is where cybersecurity comes in. 

Cybersecurity is all about protecting our systems, networks, and data from digital attacks. These attacks can try to steal or destroy important information, get money from users, or disrupt normal activities. 

Cybersecurity is important because it keeps our personal and sensitive information safe from hackers. In our digital world, we store and share lots of data online, like bank details, personal messages, and business info. Without good cybersecurity, this data can be stolen or damaged.

Basic cybersecurity practices include using strong passwords, updating software regularly, and being aware of potential threats like phishing. For businesses, it’s also important to train employees on these practices. As cyber threats keep changing, our defenses must keep up, making cybersecurity an ongoing task. In simple terms, cybersecurity is about creating a safe digital space where information is protected and users can operate securely online.

As technology gets better, cyber threats also become more advanced. This means we need to constantly improve our cybersecurity to stay safe. In simple terms, cybersecurity helps us protect our digital lives so we can use technology without worrying about our information being stolen or misused.

Common Cybersecurity Threats

Common cybersecurity threats

Cybersecurity threats come in many forms, targeting both individuals and organizations. Here are some of the most common threats:

  • Phishing: This is when attackers trick people into giving away personal information, like passwords or credit card numbers, by pretending to be a trustworthy source in emails or messages.
  • Malware: Malware is malicious software designed to harm or exploit devices. Types include viruses, which can corrupt files, and ransomware, which locks users out of their systems until they pay a ransom.
  • Password Attacks: These occur when hackers try to steal passwords. Methods include guessing common passwords, using software to crack them, or exploiting weak password security.
  • Man-in-the-Middle (MitM) Attacks: In these attacks, the hacker intercepts communication between two parties to steal or alter the information being exchanged.
  • Denial-of-Service (DoS) Attacks: These attacks overload a system, network, or website with traffic, making it unavailable to users.
  • SQL Injection: This involves inserting malicious code into a database query, allowing attackers to access or manipulate the database.

Understanding these common threats is the first step in protecting yourself and your information online.

Protecting Your Business with Strong Passwords

Strong passwords are essential in cybersecurity to protect your online accounts from unauthorized access. One of the key practices is ensuring complexity in your passwords by creating a mix of uppercase letters, lowercase letters, numbers, and special characters. This complexity makes it harder for attackers to guess or crack your password through automated methods.

Create strong passwords
According to recent data 64 of Americans typically create passwords that fall within the 8 to 11 character range Source Statista

Length is another important factor in creating strong passwords. Aim for passwords that are at least 12 characters long. Because most people, or 64% of Americans use 8-11 characters long passwords. Longer passwords generally offer greater security because they increase the combinations that an attacker would need to try in order to guess the password.

Avoid using easily guessable information such as names, birthdays, or common words. Hackers often use automated tools that can quickly guess passwords based on such predictable patterns. Instead, opt for random combinations or phrases that are meaningful to you but difficult for others to guess.

It’s also important to use a unique password for each of your accounts. Reusing passwords across multiple accounts increases the risk that a compromise of one account could lead to unauthorized access to others. Consider using a password manager to generate, store, and automatically fill in complex passwords for you across different platforms.

Lastly, consider enabling Two-Factor Authentication (2FA) wherever possible. 2FA adds an extra layer of security beyond just a password by requiring a second form of verification, such as a code sent to your mobile device or email, to access your account. By implementing these practices, you can significantly enhance the security of your online presence and reduce the risk of falling victim to cyberattacks.

Avoiding suspicious links and websites is necessary in maintaining cybersecurity. These links and sites often serve as entry points for malware, phishing attacks, or other malicious activities aimed at stealing your personal information or compromising your devices.

Here is a story from ABC News about a phishing scam network that operates in Australia, and how easy it is to lure the victims and steal a lot of money from them. You can see that the main method used is phishing scam or sending suspicious links that mascaraed as official brand or government emails.

One of the best practices is to be cautious when clicking on links, especially those received via email, social media, or instant messages. Verify the source and legitimacy of the link before clicking, even if it appears to come from a known contact or reputable organization. Look for telltale signs of suspicious links, such as misspellings in URLs, unusual domain names, or promises of too-good-to-be-true offers.

Additionally, be cautious of websites that prompt you to download files or enter sensitive information without a clear reason or legitimate purpose. Ensure that websites you visit use HTTPS encryption, indicated by a padlock icon in the browser’s address bar, to protect your data during transmission.

Regularly update your browser and operating system to patch security vulnerabilities that attackers could exploit through malicious links and websites. By staying vigilant and adopting these practices, you can reduce the risk of falling victim to cyber threats when browsing online.

Employee Training in Cybersecurity

In the UK, 73% of the large companies and 54% of the medium companies have conducted some type of cybersecurity training for their employees. This number was a bit lower for the smaller companies at 37% and the micro-companies had a rate of 21%. This data shows that companies are aware of the cybersecurity threats and are investing in employee training.

Employee training cyber security
Employee training cybersecurity

Employee training in cybersecurity is really important for organizations to protect against cyber threats. These programs teach employees about best practices and help them understand the risks that could harm data security. Training covers spotting phishing emails, where employees learn to recognize fake emails that try to get them to share sensitive information or download harmful software. They also learn about creating strong passwords and why it’s risky to use the same password for different accounts.

Employees also learn about social engineering tactics, like tricks used by cybercriminals to get people to give away confidential information. They’re taught safe ways to browse the internet, how to avoid clicking on suspicious links or visiting risky websites, and how to handle sensitive data securely. It’s also important that employees know how to report security problems to the right people in the organization. Training often includes learning about rules and standards for protecting data in their industry. Overall, good training helps reduce mistakes that could lead to security breaches and makes everyone more aware of staying safe online.

Hiring Outside Help with Cybersecurity

Hiring a cybersecurity company is a smart choice for keeping your business safe. These experts have the skills and technology needed to protect you from a wide range of cyber threats, such as malware, ransomware, and phishing attacks. They offer advanced tools for monitoring your systems, detecting threats in real time, and quickly responding to any issues that come up.

Cybersecurity companies also perform regular security checks and assessments to find and fix weaknesses in your systems before they can be exploited. Their up-to-date knowledge helps ensure your business stays protected against new threats and meets industry regulations. By investing in their services, you not only protect your sensitive data but also show your clients that you take their security seriously. This allows you to focus on growing your business, knowing that your cybersecurity needs are in good hands. In a world where cyber threats are getting more complex, partnering with a cybersecurity company is great for maintaining a secure and trustworthy business.

Conclusion

Cybersecurity is important for keeping your business safe from online threats. Without it, you could lose money, have your data stolen, or damage your reputation. By having good cybersecurity, you protect your important information, keep your customers’ trust, and make sure your business can keep going. It also helps if you train your employees to use more complex passwords and be careful with their email correspondence, especially not to click on shady links. Training your employees can be a good long-term investment that will raise the general level of cybersecurity in your company.

Oshara has over a decade of experience in Cybersecurity and we have worked with different types of companies. We can surely help you with your Cybersecurity. Call us today for a free consultation.