Why cybersecurity is the future?

The world is changing fast and more people are becoming increasingly dependent on technology. This has brought about a new challenge, the surge of cyberattacks. In the 90’s and very early 2000s this wasn’t such a big issue. In fact, cyber security went as far as your IT guy and your office computer. Today cybersecurity is a big industry that is expected to be worth over $1 trillion by the year 2020. Cybersecurity is a hot topic and millions of online users are being affected by data theft every single day.
An attack on your emails could simply be an inconvenience, but an attack on your self-driving car or a bus could be a major catastrophe. Big companies and governments are currently investing a lot in cyber security companies like The Scarlett Group to help lessen the growing number of cyberattack incidences.
Here are some reasons why cybersecurity will form a huge part of the future.
Increasing threats to online users
The number of cybersecurity threats is increasing every year. In the period between 2013 and 2015 it was noted that the cost incurred due to cybersecurity losses almost quadrupled. A Cybersecurity Ventures report indicates that the numbers were falling somewhere in between $400 and $500 billion. The damage caused by cybersecurity threats includes, loss and destruction of data, theft of financial and personal data, loss of money, embezzlement, disruption of business activities and forensic investigations and theft of intellectual property.
Severity of attacks
As the numbers of cyberattacks increase, so does the severity. Attacks are becoming increasingly destructive and target a broader array of information. During the 2016 US presidential elections, Hillary Clinton’s private emails made it to the front pages of many newspapers showing just how severe attacks have become.
Lack of good security measures means loss of business
In the future lack of good security measures will mean that a business may be unable to operate effectively. Even though it may be expensive for small businesses to invest in security it would definitely pay off in the future. A business should always be able to protect itself from losses which may arise from identity theft.
Cyberattacks are targeting mobile devices
As more people are finding more ways to protect their companies and businesses, attackers are targeting less secure devices such as mobile phones. Mobile phones unfortunately do not offer the security levels that most firewalls in offices offer. It is easy for attackers to steal this devices and hack into them to get private information.
Cyberthreats are becoming increasingly sophisticated
As we move into the future, attackers are finding new sophisticated ways to exploit the flaws of upcoming security systems. Wanna Cry, one of the most recent worldwide cyberattacks is estimated to have inflicted losses of over $4 billion globally. This just goes to show how sophisticated cyber attacks have become. It is currently estimated that by 2019 cyberattacks will be causing businesses all over the world to lose over $2 trillion annually. At this point in time, no one is safe, we are all likely to be victims of a cyber attack at one point in time or another.
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