Entry #4 – 11/07/2022
In 2021, cyber crime cost organizations and businesses around $6.9 billion, that number was way up from the $4.2 billion from 2020. What that number shows us is that developing a cyber security program is essential when it comes to running a business, no matter how large or how small because when considering how much cyber crime costs organizations, there are so many benefits for developing cyber security programs in business. One of the major benefits is that it can help educate people on what they can do to keep their data safe. I think one of the best places to start when it comes to cyber security programs is a single user themselves, because if they know how to keep their data safe, chances are they will also know how to keep the organization’s data safe. Something as simple as making sure your password is strong and is regularly changed is very helpful. Another benefit is taking measures to prevent cyber attacks will overall help your organization because you have taken steps that will hopefully prevent an attacker from accomplishing their goals. Cyber attacks can just overall hurt the reputation of the organization and then in return, hurt the profits that possibly come from the business.
When considering developing a cyber secuirty program, it does not have to be super costly or over the top, especially for small businesses. It just has to be enough for your business or organization. Larger companies that are able to spend a large amount of money on these programs most likely need it because they might be more of a target to an attacker. Something as simple as making sure software is up to date, running anti virus software, and making sure all users have strong passwords can be enough for a business.
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