Cyber Security - Myths vs Facts ( Series 1)

Cyber Security - Myths vs Facts ( Series 1)

Karthikeyan Sadayandi's photo
Karthikeyan Sadayandi
·Sep 12, 2022·

3 min read

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Table of contents

  • 1.Cyber criminals only attack large businesses (Myth)
  • Facts
  • 2.Cost of cyber security is too high. (Myth)
  • Facts
  • 3. Too much security diminishes productivity (Myth)
  • Facts

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The Myths are there in every nook and corner of the world. There is no exception for IT industry especially for Cyber-Security domain.

I listed out here few Myths and the facts.

1.Cyber criminals only attack large businesses (Myth)

Facts

  1. Attempts at hacking and harmful assaults can affect any company, regardless of how big or little. Small and medium-sized firms frequently have the mistaken belief that hackers won't be interested in their data.

  2. Small and medium-sized enterprises, however, are among the most popular targets for hackers.

  3. According to a recent study, hackers almost always target small firms. However, just 14% of these companies were equipped to stand their ground in such a circumstance.

  4. When choosing their victims, hackers don't make any distinctions. Therefore, don't let your company's size dictate how important your data is or how secure your assets are.

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2.Cost of cyber security is too high. (Myth)

Facts

  1. The price of a successful attack is much higher than the price of an effective cyber-security solution.

  2. Businesses still question if investing in cyber security is worthwhile even as criminal cyber attacks continue to grab headlines and cost them millions of dollars.

  3. Data security is commonly disregarded and is only considered after the fact by many businesses.

  4. In 2021, a data breach will cost an average of $4.24 million, which is the most in the previous 17 years.

  5. Additionally, this sum does not account for the harm caused by a breach's devastating reputation losses and customer losses. Strong passwords, multi-factor authentication, access management, and employee training are just a few of the preventative steps you can implement with no added financial burden on your company.

3. Too much security diminishes productivity (Myth)

Facts

  1. Increased cyber security can increase output.

  2. It is a prevalent belief that greater security makes it more difficult for everyone, not just hackers, to access what they need.

  3. It is thought that strict security measures like access control and ongoing monitoring reduce employee productivity. However, abandoning security could have significant negative effects on your company.

  4. A successful attack, such as a DDoS attack or ransomware, might halt your company's operations.

  5. After an assault, employees could not be able to access crucial files, networks, and data. It may take days or even weeks for the recovery to occur.

  6. A contemporary cyber security strategy employs security technologies with an integrated security feature that smoothly integrates into your system.

  7. Additionally, it uses cutting-edge technological intelligence and analytics for immediate detection and mitigation of threats.

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