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Top Reasons Cyber Crime is Here to Stay

 

February 2, 2021 (Investorideas.com Newswire) If you have been looking for information relevant to cyber crime, you must have witnessed an exponential increase in the number of events taking place every day. in simple words, it is expected that the number of cyber criminal cases will continue to increase in the coming few months as the global dependence on the internet continues to rise. Because the web saves time and money, people are investing in online solutions and are willing to take control over their work while sitting on the couch at home. you will be shocked to know, the cases have increased by 48% in the last five years. This figure is alarming because it will take a big toll in the future for sure. What's more bothersome is, these statistics stand concrete with the 0.17 million cases happening everyday. so if you're reading as a business owner, you've come to the right spot to enlighten yourself about this issue.

Because data is the new fuel of this century, it is important for every business owner to protect it. even if you are careless about a certain part of data, it could become the sole reason for the collapse of the entire business. Cyber attacks have become a major issue for modern businesses, which is why organizations are willing to invest for their safety. So it shouldn't come to you as a surprise that the industry experts are working relentlessly to improve the information security right now. keep in mind, if this problem isn't solved, we won't be rest assured about the safety of our information after uploading it on the internet. In this feature, we will sift you through a few reasons, cyber crime is here to stay:


1. Cyber Criminals are Smarter Than Ever

The reason why cyber attacks are happening every few minutes is because the cyber criminals are smarter than ever. The millennial cyber criminals are targeting the small sized companies because they are vulnerable and usually operate on low budgets. Although the large organization too, stands the same chance of getting attacked but they are equipped with the best techniques of data protection. However, no matter how strong an anti virus software is going to be, the cyber criminals will always find a way to penetrate into your system. you will be shocked to know, the recent research has revealed, there has been a strong increase in the number of medium sized organizations falling prey to these attacks. So if you want to fight with a cyber criminal, you need to have the best IT experts around.

2. Information Security is not Respected

Unfortunately, still there are a lot of companies that are not concerned with the importance of their information. In other words, information security is often overlooked and companies despise depending on it. a recent research has revealed, several businesses in Canada and USA are not concerned with protecting their information. In fact, most of these companies have never even given training to their employees about the security of information. The PWC only calculated a 4% increase in the budgets allocated for information safety, which is a negligible figure. unless companies don't provide training to employees regarding the safety of their data, it will be hard for them to protect it in the long run.

3. Lack of Leadership

Unfortunately , only 49% of the companies have a team that is dedicated to information security. Despite information being important in today's time, organizations do not stretch themselves to allocate budget and teams for improving the security of their data. Not to forget, leadership is important , otherwise employees will never push themselves to work with the right practices to manage their data. Having a team of experts is important because they have hands-on experience of managing several companies earlier. So when they visit an organization, their experience and skills will speak for themselves. As soon as the millennial firms decide to invest in their data security, it will become easier for them to expand their horizons in the future.

4. Legalities

Unfortunately, when a cyber attack occurs, most companies shy away from contacting the state authorities. Because companies have to protect the user information, when the news of a cyber attack goes out, they don't discuss it with the government appointed authorities with the fear of word going out. This is dangerous because most of the cases go unnoticed. Furthermore, when companies decide to maintain silence, it enables the predators on the web to attack more firms. This way, the cycle never stops and continues to take different turns. Around 75% of companies do not report to the higher management when a cyber attack occurs. This means , most of the organizations decide to shut their mouths in instances when the government needs to be aware of what has happened.

5. The Numbers Aren't Always correct

The most intriguing thing to note about a cyber crime attack is, most of them go unnoticed. Keep in mind, it takes some time for the hacker to make it to your system complete. Unless, you don't allow them access through the different devices, they cannot quickly penetrate through the strong anti virus softwares. Most organizations fail to acknowledge the minor cyber attacks. It is only when the entire system gets distorted that they run in despair. As many as 70% of the firms fail to acknowledge the minor cyber attacks. To avoid this from happening, it is in your best interest to consult an IT professional who can give the best suggestion to improve the information security. However, this is not all. An IT expert will also identify the loopholes in your current system and suggest the best possible solutions.

6. Lack of Training

Keep in mind, employees are the most valuable asset of any organization. However, if such resources are not consumed in the right way, it will become hard for anyone to make the most out of them. even if you have the most sought after people in town working in your office, there is a strong chance that they will make strong mistakes at work. This usually happens because of lack of training. This is where organizations need to play their part and provide proper training to the employees on the use of current technological devices in their office. According to a recent survey, training helped in removing the cyber crime events from 51% to 60%. This means, if employees are trained to make the right use of the company information and devices, they can become a valuable source to fight the cyber criminals on the web.

7. Insiders

Although most employees are hard working and honest professionals, the industry still has its fair share of rotten apples. Almost one third of the cyber criminal attacks are the result of insider spilling beans in front of the online predators. Sometimes, this is done when the competition amongst the different businesses turns nasty, if you sift through the web and take a look at some stories, you will be shocked to know how competitors have gone the extra mile to destroy their contemporaries. This causes controversies and has an impact on the market share owned by different companies. This is why companies have to go the extra mile when they decide to hire the right people for the right job. Even if a little part of the important company information is leaked out, it can cause massive damage. The insiders will even visit the Trusted fake id website, forge their documents and con you while working in the company. so it is essential to be wise enough when going through the recruitment process.

8. Service Providers and Contractors

Although the service providers and contractors are trusted stakeholders but they can make big mistakes as well. in accordance with a recent survey, there has been a 20% increase in the number of employees working in the companies. Only around 54% of the people decide to settle for registering with the privacy policies. Because most contractors don't have strong information about the concept of information security, they usually run away from incorporating it in their business processes. If you're reading as a business owner, it is important for you to note that every stakeholder should have information about the privacy policy of your frm. Anyone who fails to comply with the policy should be given a layoff from your side. as a business owner, it is important for you to take this step to improve the security of your information.

9. Lack of Talent

Although we are living in the 21st century, the lack of talent is a major issue why cyber criminals have got stronger than ever. not to forge, the cyber criminals are smart IT experts as well but they don't use their skills in the right way. Unless we don't have more experienced and skilled personnels in the market, it will be hard for the modern companies to spend time on themselves. However, as soon as the market is flooded with skilled people, organizations will look forward to paying these IT experts to magnify the strength of their information. Today , the lack of talent is what has compelled the modern firms to overlook the importance of information security.


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