WHY CYBERSECURITY? 

When you hear the word CYBERSECURITY, what image does the word conjure up in your mind? 

As previously defined in an earlier blog, Cybersecurity involves plans or course of action to protect a computer or computer systems/ devices on the internet against unauthorized access, attack or hacks. (AICPA) paraphrased. 

A greater part of our lives is lived online. Why not learn some basic and inexpensive housekeeping Rules to help you stay safe online and offline in the current environment and in the future? 

Ignorance is not bliss when your safety online is at stake. Ignorance is more expensive than inexpensive cyber awareness. The Digital trend has exposed us to greater risk of Cybersecurity breaches/ hacks especially during the COVID-19 Pandemic. 

So WHY the interest in Cybersecurity as a Finance and Accounting professional? Definitely not to become an IT Expert. 

It is; 

✔To understand TERMINOLOGIES and be able to Converse and Collaborate with other functional leaders, employees, and vendors. 

✔To develop the mindset as a Trusted Strategic Advisor and contribute towards Cybersecurity Risk Management for Small -to- Midsized Businesses (SMBs). 

At the basic individual level, you know about; 

            ✔Password and 2 Factor Authentication. 

✔Phising, Smishing, and Vishing. 

For Small and Midsized Businesses (SMBs), what is at Stake? 

     ✔Every 39 seconds on average there is a Cyberattack. 

     ✔More than 50% of cyber-attacks are committed against small-to-midsized businesses (SMBS). 

      ✔60% of small- to- midsized businesses (SMBS) go out of business within six months of falling victim to a data breach or hack. 

So how do we prevent; 

       ✔ Disruption to your operations 

       ✔Financial loss 

       ✔ Damage to your reputation? 

To be Continued.,

Cybersecurity Ventures, 2019 Official Annual Cybercrime Report, February 2020,

 https://cybersecurityventures.com/cybercrime-damages-6-trillion-by-2021/

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