As we become more connected with the proliferation of smart devices, other connected things have invaded virtually every aspect of our lives. Almost everything we touch is connected from banks, buildings, cars, planes, domestic appliances and even pets. The way in which we can interact with everything around us has become digitised which has made interaction even easier. The speed at which we can do things and the shackles of the office are off, but this too brings a dependence on connectivity and technology. We expect things to just work without scrutinising how they work and how these applications or technologies can be secured from Cyber-attack.
Most technology has been hacked and examples of this can be seen every day. Recently a huge global cyber attack was launched which affected millions of machines including the NHS shutting down many accident and emergency units. Cars have been hacked, medical devices have been hacked, banks, communication companies, entertainment and film studios the list is endless.
Billions of dollars are lost every year to Cyber Criminals in way of ransomware payments and lost productivity. Organisations can be recovering from attacks for months if at all, and are then left with the realisation of how cyber security is important. In addition to these new regulations, the General Data Protection Regulations (GDPR) comes into effect on the 18th May 2018 to make it possible for authorities to fine companies €20m or 4% of annual worldwide turnover, whichever is greater.
Cyber Security exists to help your organisation level the playing field against hackers and stick to existing and new regulations. Although there are bigger challenges, with the correct application of technology and procedure the necessary strategy can be adopted to provide the necessary safeguards and precautions.