Why is Cyber Security the Need of the Hour?

Companies of today all have a huge online presence and this make them a sitting duck for cyber-attacks. The need of the hour is enhanced cyber security at all costs because of the threat to data and financial loss running into millions of dollars. The spurt in cyber-crime was to the tune of an alarming 25% compared to last year and this is cause for concern.

A threat is a force that can harm an organization and also destroy vital and key chunks of data. Vulnerability could be defined as a path left open through which threats can pass to steal, damage, corrupt, deny and destroy information assets. And a risk is realized when multiple threats converge to attack through vulnerabilities.

Cyber risk assessment is of utmost importance to test the defenses of a company against online threats. Hackers have the intelligence and the tools to probe for weaknesses in any network and then exploit them to carry out attacks like hacking, phishing, data theft, domain corruption, and many other things. Financial losses incurred due to breaches in data exceed the total global drug trade, and that is indeed serious money.

Companies and organizations are increasingly ramping up defenses to counter any kind of malicious online attack, and they do succeed, though not always. Hackers are incredibly inventive when they are bent upon causing harm to a particular company and will use any means at their disposal to probe for weakness and lapses through which they can strike at will. Ransomware is one of the newer threats that have surfaced, and it is a scary proposition.

Companies simply cannot afford to sit back. They have to remain vigilant at all times and this is where Netrika Consulting & Investigations comes in. It is highly skilled in cyber security in Singapore and companies located there would do well to avail of their services.

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