Why Is Cyber Security Important in 2020?

importance of cyber security

Do you think what you're doing today is enough to protect your business from hackers?

The chances are you're wrong.

We've seen more cybercrime than ever over the past few years. The biggest one was with Yahoo. There were more than 3 billion accounts compromised during that attack.

If you're still not sure about the importance of cyber security in business, this post will help. Below are five reasons you need to secure your company data.


1. More Government Regulations

You aren't only losing consumer confidence when you suffer a hack anymore.

The government is now passing laws that make securing your data a priority.

Expect more government regulations to be passed over the next few years dictating how businesses handle their security. If you don't do the work to protect your customer's data, you could end up paying significant fines. Doing the work beforehand to secure your information can save you money in the long run.


2. Increased Mobile Devices

You might be able to protect all the devices you have control of on your network.

The problem is that your employees are starting to bring their own devices to work and connect them to your company network.

You don't have any control over these devices. If you don't have a security plan in place, you won't be able to manage the threats these devices bring. You will need to create an IT security policy for personal devices to make sure they don't expose your company network to risks.


3. More IoT Devices

The ways to attack computers are relatively well-known.

You should be able to figure out how to secure these devices. IoT, however, devices are another matter.

IoT devices are becoming more common in both homes and businesses. You're adding new ways to attack your business network when you bring these devices online.


4. Increase in Hacking Tools

Hacking used to be less commonplace in the past. You needed a broad skillset if you wanted to break into a company.

That's changed with the availability of hacking tools.

Anyone can download a hacking tool and try to break into a company today. This trend has led to a lot of people to learn hacking that would have otherwise never tried. We now have more people than ever learning how to hack companies.


5. You Have More Data

The world we live in today is data-driven.

Your customers are providing you with more data than you ever had. Some of this data is sensitive and will cause problems for your customers if it's compromised.

It's your responsibility as a business to protect this information. If you show that you can't be trusted with customer information, you won't have any customers left willing to buy from your company.


Don't Underestimate the Importance of Cyber Security

You can't get by with weak security measures anymore for your company.

Customers are demanding that you do the work to keep their data safe.

Now that you know the importance of cyber security, make sure you protect your business today.

Are you ready to start securing your business? Head back to our blog to learn more great tips and advice.

Bootstrap Business Blog Newest Posts From Mike Schiemer, Partners, & Blog Outreach Services