Cybersecurity in Business

Most businesses understand that as technology continues to advance, they should always be looking for innovative ways to stay current and efficient. It has become a necessity in this day in age because a company that cannot compete or at least keep up, from a technological perspective, will have a difficult time prospering. The use of various information systems is a large part of how businesses do the work that they do and provide the goods and services they specialize in. With the maintenance of these information systems comes the need to incorporate cybersecurity into the business practices.

Depending on the size of the business and budget, the expenses for effective security are going to vary. For instance, a small corner store will not have the exact same needs as a large corporation. However, the owners of both types of businesses understand that the data, information, systems, networks, etc., they will be using are going to require some sort of security in order to be able to utilize, process and protect client and business information alike. If they do not invest in the appropriate security measures, the costs of loss, theft and the negative effects on the business will be even greater. Some of these measures can include things like encryption technology when sending electronic notices, email messages or when transmitting sensitive information. A company may monitor data and traffic on their networks to observe any suspicious or problematic activity. They can even limit transmissions and traffic if necessary. Companies can also adopt other practices that can help protect information. They may decide not to store payment information on their servers. This may be a bit inconvenient for customers who make frequent purchases but offers assurance that their personal information is not being saved or easily accessed by anyone else. Some businesses may decide to only keep certain information on file or stored for a short-term period and then remove it, or they may do periodic data purges to remove old and unnecessary information.

The benefit comes in knowing that all data and systems are secure and less susceptible to threats and risks. While there is no absolute guarantee that a company will not be targeted or ever have any issues, they can ensure they are taking the appropriate actions to at least try and minimize them. Any good company should be able to understand how important cybersecurity is or should be to their business.

References

Laudon, K. C., & Laudon, J. P. (2016). Management Information Systems: Managing the Digital Firm (14th ed.). Upper Saddle River, NJ: Pearson Education

           

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