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Living in a world where everything and everybody is connected, protection and security of data has grown all the more critical. As long as one is connected to the Internet, anyone can become a viable victim to a cyber attack, thus wariness and proper protection must be installed to prevent any detrimental incidents. Thus, from protecting user data against the growing number of threats to ensuring the continuity of businesses, cybersecurity—or measures taken to protect a computer system against unauthorized attacks—is an essential element for any organization. With the advance of the Internet and alike, security threats and cyber-attacks are multiplying acutely all over the globe, targeting individuals and targets alike.
As these threats and attacks continue to mount, understanding and managing security risks have become critical issues for leaders in both business and government. Below are several essential facts that define the current information security landscape:
- The estimated annual cost for cybercrime committed globally adds up to 100 billion dollars.
- Currently, there are more than 6 billion social network usersworldwide with more than 64% of internet users accessing social media services online. Social media is the most vulnerable means of cyberattacks. One in 10 social media users are victims of cyberattacks and the numbers are on a rise.
- From 2016 to 2019 global cyber crime costs are expected to greatly increase, reaching US 1 trillion dollars.
- US government spent US 14 billion dollars on cyber security in 2016 with plans to spend US 19 billion dollars in 2017.
The views presented in this article are the author’s own and do not necessarily represent the views of any other organization.
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Implications of Cybersecurity on Organizations and Obama Administration’s Counter Measures
cyber target security on intentionally blurred United States flag
November 7, 2016
Living in a world where everything and everybody is connected, protection and security of data has grown all the more critical. As long as one is connected to the Internet, anyone can become a viable victim to a cyber attack, thus wariness and proper protection must be installed to prevent any detrimental incidents. Thus, from protecting user data against the growing number of threats to ensuring the continuity of businesses, cybersecurity—or measures taken to protect a computer system against unauthorized attacks—is an essential element for any organization. With the advance of the Internet and alike, security threats and cyber-attacks are multiplying acutely all over the globe, targeting individuals and targets alike.
As these threats and attacks continue to mount, understanding and managing security risks have become critical issues for leaders in both business and government. Below are several essential facts that define the current information security landscape:
- The estimated annual cost for cybercrime committed globally adds up to 100 billion dollars.
- Currently, there are more than 6 billion social network usersworldwide with more than 64% of internet users accessing social media services online. Social media is the most vulnerable means of cyberattacks. One in 10 social media users are victims of cyberattacks and the numbers are on a rise.
- From 2016 to 2019 global cyber crime costs are expected to greatly increase, reaching US 1 trillion dollars.
- US government spent US 14 billion dollars on cyber security in 2016 with plans to spend US 19 billion dollars in 2017.
The views presented in this article are the author’s own and do not necessarily represent the views of any other organization.