Cyber Security Challenges

      What is cyber security? Effectively, it refers to the different security measures in place to combat cyber threats. We currently face so many cyber security issues in 2020. 

The internet is getting bigger, digital technologies are becoming more advanced, and this leads to more threats. So, cyber security is here to help protect your business from internal/external problems that can cause data leaks and significant financial troubles. 

What are the Challenges Involved in the Cyber World?

The key challenge is that the cyber world has become so vast. Before, most cyber security issues revolved around computers. You’d get a virus, and it needed to be removed. Now, thanks to the Internet of Things(IoT), almost everything has a network connection.

Fridges are connected to the internet, we carry phones in our pockets that are like mini-computers, etc. So, the risk of cyber threats is greater than ever before. 

Plus, criminals are getting smarter. They’re bypassing old security measures - like firewalls - and coming up with new ways to hack into systems. They’re evolving, and cyber security faces a challenge to match this. 

What are the Business Implications with Cyber Risks?

To put it simply; your business will suffer. If someone hacks into your network, they can steal so much precious data. Then, they can use this to steal money, sell on the black market, etc. 

What’s more, things like ransomware can cost you lots of money as well. You’re held at ransom until you pay to remove the virus. 

Lastly, it impacts your reputation as a business when your cyber security gets breached. You don’t seem very professional, and it can hurt you as you try and maintain your customer base. 

How are Telecom Organizations Responding to Rising Cyber Risks?

For one, they’re educating employees. When employees know the risks, they act smarter. This helps limit instances where malware is unwittingly downloaded - or passwords are shared around.

Secondly, they’re upping their security measures. Most telecom organizations have teams of network security engineers working all the time. They monitor the system and keep threats at bay. 

Of course, this raises another issue; the cost of cyber security. Thankfully, this is being managed thanks to the rise in talented freelance engineers.