In a single year, over 4 billion private collections of data are compromised across the globe.
In the UK alone, studies show that half of all British businesses will be hacked at least once a year. Further, studies conducted by the BBC show that over 3.6 million cases of cyber fraud have taken place in the past year within the UK.
The takeaway here?
If you're not yet taking cyber security management seriously, now would be a good time to start.
Professional cyber security management helps you to understand credible threats to your business, and work to either neutralize them before they become a problem or effectively deal with the aftermath of a hack or data breach.
It's also a way to assess the current strength of your security protocol, and ensure that you're following industry compliance.
Why is it so important, however?
Read on to find out.
1. It Protects Your Reputation
It's not rocket science: customers will have a difficult time trusting a company that, because of negligent cyber security management tactics, has leaked their personal information to hackers.
Taking the proper precautions before a problem arises helps to increase trust between yourself and your consumers.
It's also a way to guard your brand's overall reputation.
Over the past few years especially, there have been countless stories of very real financial consequences due to data breaches. Many of these businesses simply never recover -- even if they took the necessary steps to repair the damage done after the hack.
In addition to losing a large portion of your current customer base, a security breach will make it that much harder for you to gain customers in the future.
After all, why would someone choose to work with your company after a huge hack, when they can work with your competitor, who seems to take cybersecurity much more seriously?
When it comes to cybersecurity, prevention really is the best cure.
2. It Protects Your Profits
Putting aside the ethical and reputation management side of things for a moment, investing in cybersecurity management is also a wise financial decision for your brand.
Depending on the kind of industry you operate within, you could be facing very hefty penalties and fines in the event of a security breach.
You may be held financially responsible for a number of liabilities, including lawsuits, identity theft, violations of industry regulations, and much more.
Plus, that's not even taking into consideration any potential "ransoms" that you need to pay hackers in order to get your data back.
3. It Keeps You A Step Ahead Of Hackers
It's an unfortunate reality: hackers these days are only getting smarter and coming up with more creative ways to access your information.
If you don't take the necessary precautions and work with a professional cyber security management team, your data will be incredibly vulnerable. And what's more? You might not have any idea.
The fact is, with everything else you have to do over the course of a business day, you often simply don't have the time -- let alone the expertise -- to stay at least one step ahead of cyber criminals.
You may not recognize threats, you may incorrectly install or fail to update cyber security programs, or you may end up the victim of phishing schemes and other serious cyber crimes.
Working with a team of professionals who studies these types of threats for a living, and knows how to get rid of them, gives you a much better chance of outsmarting these hackers.
4. You'll Be Able To Better Manage The Damage
Sometimes, no matter how much effort you put into your company's cyber security strategy, the worst can still happen.
It's how quickly you're able to both control and respond to that damage that makes all the difference.
For example, even if hackers wiped all of your data, working with a team of experts means that you'll be able to restore it with a backup.
Having a professional on your side will also help to get your website up and running again as soon as possible after a cyber attack. This means that you won't lose as much revenue as you would taking a DIY approach to security.
Finally, you'll be able to recognize your biggest threats and contain them as soon as possible. This will help to mitigate the damage done both when it comes to your profits and your brand's reputation.
5. It Might Be A Legal Requirement
Sometimes, the best reason to hire a cyber security management team is simply because you're required to by law.
Especially if you work within the healthcare industry, you could be held personally responsible for data breaches -- even if the actual leak wasn't your fault.
If the worst does happen, you want to show that you were at least following all the industry requirements in regards to cyber security.
Doing so will likely lessen the fines that you are expected to pay, and will give regulators one less thing to come after you for.
Ready To Work With A Professional Cyber Security Management Team?
We hope this post has properly encouraged you to start taking cyber security management seriously.
Of course, the strength of your overall security plan depends on the expertise and dedication of the professionals you choose to work with.
Don't settle for anything less than the best -- work with NSIS IT.
We'll create a bespoke security solution for your company, regardless of the size or nature of your business.
In addition to disaster recovery, we also offer cloud services, IT support, and much more.
Don't wait until it's too late to deal with a cyber security threat or a data breach. Instead, take the proactive approach and get in touch with us to begin creating a security strategy today.