5 Reasons Why Organizations Need Cybersecurity Experts
This post was last updated on March 5th, 2020
With technology continually changing and privacy no longer a social norm, the rising concerns about cybersecurity hold paramount importance. Today, the IT industry focuses on the need to ensure a robust security system through skilled professionals to mitigate cybercrimes.
With the digital revolution changing our cultural landscape, cyber-attacks are on the rise, and there is no stopping them. According to a report by the World Economic Forum, cybersecurity breaches cost companies a massive $3 billion worldwide.
To prevent criminals from capitalizing on digital vulnerabilities, organizations should hire cybersecurity experts to address the escalating risks. A team of professionals can not only identify the risks but also provide solutions to secure the company from both inside and outside threats.
Here are 5 reasons why you need to consider hiring cybersecurity experts for your organization.
1. Cybersecurity Will Become as Important as Business Utilities
Many vulnerable organizations are either small or medium enterprises, where achieving full protection is next to impossible due to their skill gap. This skill gap will not disappear overnight, but in time, this can be fixed with the help of cyber insurance products and AI-based software automation.
Businesses are already having a hard time filling many IT-related positions, let alone acquire security expertise. The need for such experts is more significant now, as evident by the rising number of complaints.
Global Information Security Workforce showed that out of its 20,000 respondents, two-thirds of them lacked the required number of cybersecurity experts to deal with today’s ever-growing threat climate.
Organizations may close the skills gap by hiring more female applicants or ex-military personnel.
The demand for ethical hackers and cyber security professionals are expected to grow at a rate of 37% till 2022. To get certified in the field of cyber security and ethical hacking you can opt for Star Ethical Hacking Expert Certification offered by Star Certification LLC.
It is a globally recognized certification that covers all the fundamental and advance concepts of cyber security and ethical hacking in detail.
2. The Line Between Personal Use and Work Is Blurring
You’ve heard about hyper connectivity? That’s what organizations lead us to. These days many employees use their mobile devices or laptops outside the regular working hours. This puts organizations at considerable risk since employee behavior is one of the reasons why hackers gain a point of entry in the first place.
The breach of RSA Security happened in 2011 when phishing attacks were carried out against RSA employees. The hackers posed as people trusted by said employees, attaining everything they needed to compromise the company’s network.
To prevent such attacks, cyber experts can incorporate endpoint security technologies to deal with any and all risks effectively.
3. Everyone Is a Target These Days
Apart from financial institutions, business organizations are now a favorite target of cybercriminals. Hacking legal or medical records, even from the smallest of organizations, have a lot of value for hackers. They use login credentials and attain all the information of the clients; many use it as ransomware.
The second-largest health insurer in the US, Anthem, was breached in February of 2015. This resulted in social security numbers, names, addresses, and employment histories of former and current customers being exposed.
According to a, report by Fortune, this was the most massive breach in healthcare history. The total loss is estimated to be more than $100 million.
On the flip side, the dark web has markets where confidential and sensitive information regarding thousands of businesses can be found. You may think your organization’s data may not be valuable, but it will be of some worth to somebody out there.
4. Considerable Rise in the Number of Threat Actors
Today, there are hackers in every part of the world. Due to technological advancement, a hacker might be in a Chinese village and intrude a system of an organization based in New York. Such is the power they hold.
Three other distinct types of hackers have emerged:
- Political Actors
These are hackers that pick targets based on their political agenda.
- Government-backed Actors
Government-backed actors find specific data or further their government’s interests.
- Chaotic Actors
As Alfred Pennyworth in The Dark Knight puts it, “men, who want to watch the world burn.”
Security experts can revamp the whole IT structure of a company and install the software in the system that can not only detect but also identify any intrusion.
5. Securing Sensitive Information is Vital
The treasure trove of ideas and information possessed by organizations is what attracts cybercriminals. Businesses have tons of customer information –debit and credit card details, being a few – hackers will gladly exploit.
For instance, WannaCry ransomware infected more than 230,000 computers across 150 countries. Not only did the ransomware encrypt data on the infected computer, but it also attempted to exploit other networks on the Internet.
Companies that fall victim to cyber-attacks time and time again will not be trusted by their customers. It will take a toll on their brand, negatively affecting brand image.
So, when hiring cybersecurity experts, make sure you spend enough time to find the best ones out there. The best ones tend to indulge in ethical hacking tools and spyware guide so that the organization stays on top in terms of security—be it from competitors, individuals, or employees within.
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