CYBER SECURITY report

CYBER SECURITY: Every day on news headlines we hear of digital crime being committed such as data theft, intellectual property being stolen, economic espionage, credit card details being hacked, password being cracked, banking details being hack and many more ways. These practices are called Cyber Crime. According to Reuter report, the global economy loses over $600 billion to cyber-crime annually, with the damage done to businesses from the theft of intellectual property exceeding more than $160 billion loss to individuals from hacking, according to research. The report from the Center for Strategic and International Studies (CSIS) said cyber-crime was a growth industry that damaged trade, competitiveness and innovation. Some organization deliberately sponsor cyber-crime to steal intellectual-property for competitive advantage. Cyber-crime perpetrators or offender’s ranges from individuals to organization and even Governments of some countries deliberately sponsored cyber-crime for political and economic reasons. Consequently, since yours, like any other business cannot do without accessing an external network especially the internet, you urgently need to implement Cyber security strategy in your business. Why do you need cyber security? There are various reasons. The cyber community changes in an unbelievable pace. Unfortunately, along with these changes are equally unbelievable threats. The nature of the Internet as a tool for communication and education has been used and misused for personal gain, which resulted in cyber-attacks and unprecedented rise in cybercrime rates. Why exactly do we need cyber security strategy in our business? Let us count the reasons:

Hackers are everywhere. They can be our business rival, our neighbor, or simply a person out there to take over our computer. He makes use of software loopholes and hijacks our computer through backdoors, usually installed programs, or through cracking software. He can gain access to possibly all our personal and confidential information such as bank accounts, credit cards, or top trade secret. He can also use our computer to attack other networks, with that we apparently oblivious to all his malicious operations. Internet scams and frauds are rampant. These include phishing, a very organized cybercrime, which deceives people into giving their banking details. Cyber criminals, pretending to be representatives from legitimate financial institutions, send e-mail messages and ask unsuspecting people to verify their passwords, account numbers, and other vital information. According to a report, in 2006 alone, phishing attempts increased by whether you are running your businesses online or offline, once you started using computing technology to support your business for daily smooth running of your businesses cyber security becomes a major concern or challenges to handle. Computer security has come to the forefront as the number one concern for government, private industry, and individuals alike. We’ve seen an exponential increase in the amount of worms, viruses, junk e-mail, hostile web sites, adware, and spyware components that have been able to infiltrate many computer systems. Computer viruses, worms, spyware, and adware (malware) can claim top billing along with spam as the worst technological scourges of the 21st century. These vermin have proliferated to the point where you can no longer afford to leave any computer defenseless against these threats. APN Simply put a mess to this by employing high sense of anti cyber attack

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