8 Reasons to Integrate Cybersecurity Into Core Business Processes

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Cybersecurity

The threat of hacking remains prevalent on the internet. Cyberhackers continue to prey on unsuspecting victims. Isn’t it about time you integrate cybersecurity into your core business processes?

With the ever-growing cases of cyber hacking issues, businesses should start adopting effective cybersecurity measures. It plays a crucial role for a company to succeed. For example, residential proxies from Blazing SEO help prevent data breaches and other types of hacking issues.

What Is Cybersecurity?

Cybersecurity

Cybersecurity is the process of protecting networks, programs, and systems from digital attacks. It usually targets sensitive information to access, alter, or destroy.

If hackers are successful, they could use the stolen data to blackmail victims for money. They can also disrupt regular business routines.

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Kinds of Cybersecurity Threats

Cybersecurity threats come in different forms. It can start from various channels, including individual hackers and organized syndicates. Here are different kinds of cybersecurity threats:

Phishing

Phishing sends users shady emails, which resemble those from credible sources. Its goal is to steal sensitive data such as credit card numbers and login details. You can protect your information by utilizing a technology solution that screens suspicious emails.

Download antivirus software or firewall to help protect your computer. Examples are Mimecast, Norton, Vipre, and Malwarebytes, to name a few.

Malware

Malware is a kind of program developed to get wrongful access. It can also cause damage to a computer system. Once activated it:

  • Blocks entry to key network components
  • Builds in additional harmful program
  • Secretly get information through hard drive data transmission
  • Hampers individual parts causing system malfunction

Social Engineering

It’s a strategy that scoundrels use to deceive people into disclosing sensitive data. They can demand money from their victims or gain access to their information. Hackers will send you fake links to click or download malware.

Cybersecurity

Ransomware

It is a kind of deceptive software. Hackers block access to files or computers to extort money until victims pay the ransom. Hence the name ransomware. However, paying the ransom isn’t a guarantee for file recovery or restoring the system.

Denial of Service (DoS)

DoS overwhelms a network or computer, preventing it from responding to requests. The same thing goes with the Distributed Denial of Service (DDoS). However, the attack comes from the computer network.

The botnet is a kind of DDoS that can infect millions of systems with malware. Sometimes called zombie systems, hackers use them to disrupt the target’s processing capabilities. Botnets have different geographic locations, making them difficult to trace.

SQL Injection

SQL stands for Structured Query Language. It occurs when cyber attackers incorporate deceptive code into a server using SQL. The infected server releases the user’s delicate information.

Cybersecurity

7 Reasons

Core business processes revolve around the minimum tasks a business needs to perform to provide the expected output. These could include risk management, information security, and marketing.

Don’t let hackers pry on your business and steal critical data. Start integrating cybersecurity into your core business processes. There is more than one reason why you should.

1. Competitive Advantage 

Solid and adequate internal controls protect against cyber-attacks. It corresponds to brand strengthening, market leadership, and product and service distinction. An example is, businesses use IoT, robotics, and AI to simplify processes.

It also helps boost business performance and ensures technologies are secure. This can increase earnings and invigorate business performance and compels bottom-line performance.  Business people must not only expect cyber excellence but ask for it.

2. Public Safety

Several companies deliver products and services in different areas. Core skills in aligning business operations and cybersecurity are essential for public safety. Cybersecurity helps secure pertinent information that hackers would love to have.

Cybersecurity

3. Regulatory and Legal Compliance

Specific industries need to follow strict regulations on the storage of personal information. It also includes data protection, network security, and privacy.

The United States has Gramm-Leach-Bliley, FISMA, and HIPAA as regulators. Europe has General Data Protection Regulation and NIS Directive to protect people’s data.

Companies need to establish in-depth cyber and risk management throughout their organizations. It’s a need to fulfill the regulations. Failure to meet the requirements impacts the organization’s ability to stay in business.

4. Financial Management

There’s a direct connection between financial loss and cyber-related risk affairs. Hackers can transfer funds from banks to their accounts and divert customers away from your brand. Examples of these are business disruption and damage to reputations.

You can cut the risk’s effects by merging business and cybersecurity strategies. Investing in advanced cybersecurity programs can help protect businesses. They can shield sensitive financial transactions from peering eyes and weed out malicious deals.

5.  Business Development

The global cybersecurity market’s value depends on the total delivered products and services. There’s a massive growth possibility on existing patterns.

Also, there’s a sizable economic opportunity in cultivating a commercial ecosystem.  It developed online trusts, such as global trust audit and scoring offerings. Moreover, more companies are obtaining solutions to counter fake news.

6. Mergers & Acquisitions

Due diligence is an integral part of mergers and acquisitions (M&A) transactions. It enables the buyer to verify relevant information. These details include the seller’s finances, customers, and contracts.

The collected information allows the buyer to come up with a better decision. This helps in deciding to close the deal with assurance.

However, a low standard of due diligence can compromise several pertinent pieces of information. Cybersecurity issues may arise, such as data breaches and poor security structure. An example of this was Verizon’s acquisition of Yahoo!

7. Corporate Governance

Based on a 2016 Goldsmiths survey, 90% didn’t read cybersecurity reports. At the same time, they have no preparations to counter such attacks.

More than 40% of executive participants didn’t feel that cybersecurity was their responsibility. Also, they didn’t know that they should protect their customers’ data.

Companies need to include cybersecurity in their agendas. It’s a combined endeavor that begins from the top and across the organization.

Conclusion

The protection of confidential data is an integral part of any industry. While the current digital age has made transactions faster, it also made them prone to attacks. It’s essential to take cybersecurity seriously and take the necessary steps to prevent potential threats.

As a businessman, you are responsible for shielding your clients’ information. Being aware of cyber threats gives you the insight needed to make moves to secure your brand and clientele. Integrating cybersecurity into your core business processes will help protect them and yours as well.

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About the Author: Micky Aron