Why Do You Value Cyber Security, Especially in 2024?

06-Mar-2023

The world has stepped into 2024, and there are ample factors suggesting the importance of cyber security and why one should value it. Our world today has become heavily dependent on technology, down to the most basic thing of tracking one's activity by using devices. While this trend offers numerous advantages from almost instantaneous internet information access to the contemporary conveniences offered by smart home automation technologies and ideas like the Internet of Things, it is not without its challenges. The manifold technological growth however is not devoid of the challenges of security and safety. That is why there is an equal rise in the Importance of cyber security just as the rapidly increasing adoption of digital gadgets.

Cybersecurity concerns have become a primary priority for almost all nations. Securing organizations with robust cybersecurity programs is a must in this digital era. A single security breach can result in the exposure of confidential information of millions of people. These invasions render negative impacts on businesses financially as well as develop trust deficits among the clients. This validates the importance of cyber security for shielding both persons and businesses from spammers and online scammers.

Top Reasons for the Surge in the Importance of Cyber Security

The importance of Cyber Security in 2024 will grow even more given that the cost of cybercrime is estimated to grow to US$10.5 trillion annually by 2025, as per the analysis provided by IBM. The year 2021 witnessed cybercrimes costing firms US$4.24 million on average. The importance of cyber security has been neglected by many businesses thereby becoming more vulnerable to the targets of attacks. While firms that are aware of their cyber defense have employed technology to leverage quickly expanding technology standards to become more resistant than ever.

Let us discuss a few of the major reasons that highlight the importance of Cyber security

Higher Frequency of Cybercrimes

A cyber-attack will create a negative impact on any business regardless of size. Every business has several valuable assets that could be exploited by any hacker. Occasionally, it involves the private data of clients or consumers, other times it concerns monetary implications. In the recent past, cyberattacks in the form of unauthorized access to data, services, networks, applications, or devices occurred as many as 270 times in every organization accounting for a rise of 31% from 2020. This scenario calls for strong cybersecurity measures.

To make implementing cyber security more effective, organizations can make employees recourse to cyber security course programs and training.

Increased Use of IoT Devices

The more benefit we gain from the arrival of the Internet of Things (IoT) the higher the chances of us becoming a target to cybercriminals like Hackers and spammers. IoT devices come with a variety of sensors and also apply cutting-edge technologies which result in offering greater avenues for data breaches as a lot of data gets transmitted through these devices. Regardless of the sophisticated measures you employ, incompetent handling of internet-connected devices will give way to cyber criminals and invasions.

Rising Use of Technology

The more amount of time we spend using technology implies cybercriminals have access to higher chances of a flourishing market. The tech areas of serverless computing, API services, and edge computing have been increasingly growing. An effective and automated process can be attained by using Kubernetes- container orchestration. Cybercriminals are constantly lurking around and attempting to halt this sort of hyper-automation and dynamic change by preying on APIs, which have the potential to significantly affect a company's commercial operations.

Age of Cryptocurrencies and Dark Web

The Dark Web also known as the deep web is that area of the internet where that search engines cannot fathom. It is website aggregation protected by passwords or other security measures.

Only specialized web browsers can access this set of websites or pages, and users access it anonymously. The dark web functions as a covert area where unlawful acts including the releasing of software, personal information sale, the trafficking of illegal goods and people, piracy, illegal weapons sale, and several more puzzling crimes can be carried out.

Cryptocurrencies that rose to prominence in the past few years have become the preferred currency of attackers. The number of attacks is escalating with cyber criminals generating profit from the unprecedented rise in the value of Bitcoin. Bitcoin users face several security issues like phishing scams, malware that changes wallet addresses in memory, data thieves, etc for a long while. Attacks on the core software of cryptocurrencies, smart contracts, are now more frequently launched. These modern marketplaces open up more opportunities for sophisticated attacks also giving away access to a cryptocurrencies liquidity pool that accounts for millions of dollars. These growing vulnerabilities necessitate taking cognizance of the importance of cyber security.

Innovative Methods of Ransomware

Ransomware has become the most profitable cyberattack in the current digital era. The techniques employed in ransomware have also undergone significant changes as governments/organizations introduce more and more intense law enforcement. Ransomware has been successfully invading all areas of cyberspace including cloud services, IoT, and virtualized systems. Any devices linked to an accessible network are potential prey. Stealing data for magnified extortion has already become a trend and this will continue to grow consistently and get more intimate with insider threats and personal data.

Cyber Security Course to the Rescue

Cyberattacks have impacted businesses of all sizes in every sector of the global economy. No individual or organization is immune to the vulnerability of cyber-attacks given the evolving nature of technology. The rate of cybercrime is constantly increasing and will only continue to grow in the coming years. To subvert the power of cybercriminals, various cyber security methods have also come about.

To enforce more effective policies, many academic institutes and stakeholders have introduced concerted training and cyber security course programs. Almost every industry is challenged with massive demand for experts who can competently employ their skills for developing effective cyber security measures and practices.

With the internet becoming an integral part of our lives having cyber security awareness is crucial for ensuring a safe and secure digital environment. Digital learning platforms like online cyber security course programs have become all the more popular given the rise in demands for cyber security experts. There are countless chances for hackers and cybercriminals to prey on people, governmental organizations, and even major corporations.

Specialists and professionals who have undergone thorough cyber security course training or degrees have higher chances of getting hired and being paid attractive salary packages. A cyber security course trains individuals with the necessary skills and knowledge to work on computer systems, networks, and infrastructure. From core fundamentals to advanced principles and practices, there is a range of cyber security course programs and certification programs that individuals can go for according to their level of experience and knowledge.

The cyber security industry is witnessing a mass influx in the job market of late with a number of people choosing cyber security as their career. Starting a cyber security career would require getting into a decent degree program or cyber security course that will offer excellent training as well as equipped with the potential to get through any cyber security certifications exams.