When it comes to cybersecurity in business, there’s no one size fits all solution. Each business is going to have different needs, different data, different connectivity, as well as different threats. The money invested in a cybersecurity program to protect a company’s assets and data are determined by multiple factors. First, what industry is the company in? Some industries are more at risk of cyber breaches than others due to the nature of needing to use sensitive data, some examples include financial organizations, medical facilities, information technology corporations, and government organizations are all prone to breaches due to the plentiful information they possess. The number of personnel at a company is also a factor. We first have to consider the cost of training all personnel at the company on the basics of cyber security, email security, different types of attacks, etc. We also have to consider that each employee is a potential entry point into the system. The equipment and software a company uses should also be a determining factor of what level of cybersecurity the company needs. If your company has a network, the company will need some form of firewall to protect the network from outside influence. Another great idea to have is an antivirus with endpoint detection and response to provide real time surveillance and data gathering. Specific email protection is a great investment as well, companies can acquire email security to filter emails prior to receipt. For logging into systems, a company should consider adding two factor identification to protect company systems. Two factor identification works by first using a username and password (or another login method) and combining it with another verification process such as a text message to your phone number, a 2FA app on the phone that sends a push notification or a code sent to an email. The benefits of these services far outweigh the cost in that the company is far less likely to fall prey to a cyber attack with those services in place.
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