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Why Cyber Security Awareness Is So Important


Today we are focusing on the importance of cybersecurity awareness and later, how you can implement this into the organisation you're working for or at your own freelancing hustle as a billable service. Lets get stuck in!


Introduction

Cybersecurity is one of the most important issues facing businesses today. Cyber attacks are on the rise and can cause serious financial damage to any organization. Your data, whether it's customer data or employee information, is your business’s most valuable asset. It’s important to have a plan in place not only for securing your business’s physical assets but also for protecting its digital assets as well. This blog post will explain why cybersecurity awareness is so critical and why it should be at the top of every organization's priority list.


Cyber attacks are on the rise

Cyber attacks are on the rise, and they're becoming more sophisticated. The number of cyber-related incidents continues to increase each year. In fact, according to a report by McAfee Labs, there has been an average increase of 20 percent in cyber attacks each year since 2013. Not only do these attacks affect more people every year, but they also become more common as well!


The costs can be exorbitant

The costs of a cyber attack can be significant. A successful attack on your organization could cost millions of dollars, including lost business and customers, legal fees, damage to reputation and loss of intellectual property.


One study found that businesses that have been subjected to a cyber attack spend an average of $5 million in investigation and remediation costs alone. The same study found that companies reported losing more than $24 billion annually due to cybercrime—and this doesn’t include losses from adverse publicity or lost sales resulting from incidents like last year’s Equifax breach which impacted 143 million Americans!


If you think it only impacts big companies with lots of money at stake then think again: small businesses are just as vulnerable (if not more so because they may not have the resources or staff necessary). If you think it only impacts large corporations then think again: even small businesses can experience costly attacks like those reported above if they don’t take proper precautions.


Businesses lose customers after a cyber attack