Cybercriminal activity is increasing. It is no longer a matter of if an attack will happen, but of when. From small companies to large corporations, public sectors, government and defense sectors, cybersecurity is the only barrier to protecting valuable digital resources and assets.

Furthermore, with an ever-evolving regulatory landscape, cybersecurity has also become essential for organizations to meet compliance and avoid legal risks, fines and reputational damages.

In this article, written by Ray Fernandez for TechRepublic Premium, it explores the benefits and best practices of cybersecurity and explains why its role in our modern world is fundamental.

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SECURITY AND INCIDENT RESPONSE

By deploying a range of technologies — orchestrated by a business-centered risk management and incident response plan — companies safeguard their most important digital assets and have a predefined strategy in place.

It’s vital to remove the “this will not happen to us” mentality. As of 2023, according to Statista, 72% of all global businesses were affected by ransomware attacks.

Studies like Cybereason’s Report Ransomware: The True Cost to Business 2024 reveal the benefits and importance of effective security plans and the right personnel. The report found 56% of companies did not even detect the breach until three to 12 months had passed. In fact, 84% decided to pay the ransom, but about half (47%) of them never got their systems and data back uncorrupted.

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TIME SAVED: Crafting this content required 16 hours of dedicated writing, editing and research.