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According to Sophos’ Annual State of Ransomware 2022 study, 79% of Malaysian organizations polled were targeted via a ransomware attack in 2021, which is much higher than the global average cyber attack of 66%.
Among the 5,600 mid-sized businesses from 31 nations that took part in the poll, 39% of Malaysian businesses that had data encrypted in a cyber attack paid the ransom, a threefold increase from 2020.
Cyber security is the protection of hardware, software, and data against cyber attacks. It guards against cyber attacks such as gaining access to, altering, or deleting sensitive data. That is why cyber protection solutions are very crucial to secure your business.
Why are cyber protection solutions necessary to secure your business?
There is no doubt that the cyber security threat landscape is evolving on a daily basis.
It appears that almost every form of cyber attack is followed by new versions. There is no denying that keeping up with this cat and mouse game, which gives any organization’s IT team a run for their money, is difficult.
Importance of Cyber Security Software Services to Secure Your Business
1# Disruption in Operations
Companies typically incur indirect costs from cyber attacks, such as the likelihood of a substantial delay in operations, which can result in lost income, in addition to direct financial damage.
Cyber attackers can restrict a company’s usual operations in a variety of ways with a cyber attack, such as infecting computer systems with malware that erases valuable data or installing malicious code on a server, preventing access to your website.
2# Changes in Business Practices
Cybercrime may have an impact on businesses in ways other than financial ones. Companies must reconsider how they acquire and retain information to guarantee that sensitive information is not compromised by a cyber attack.
As a result of cyber attacks, many businesses have ceased retaining financial and personal information about their consumers, such as credit card numbers, Social Security numbers, and birth dates.
3# Reputational Damage
Although it is difficult to measure, firms that are victims of massive cyber attacks may have their brand equity considerably harmed.
Customers and even suppliers may feel less secure entrusting sensitive information to a company whose IT system has been compromised at least once.
Target (TGT) suffered as a result of a 2013 cyber attack involving credit card information of more than 40 million consumers, a cyber attack that cost the company $18.5 million to resolve.
JPMorgan Chase & Co. (JPM) had a similar setback in 2014 when cyber attackers hacked its banking clients’ data.
Hackers gained access to 76 million home accounts and seven million small company accounts, including names, addresses, phone numbers, and email addresses.
4# Revenue lost
One of the worst consequences of a cyber attack is a rapid loss in sales as wary clients migrate elsewhere to avoid criminality.
Companies may potentially suffer financial losses as a result of cyber attackers attempting to extort their victims.
5# Increased Costs
Companies that wish to defend themselves against cyber attacks must dig deep into their pockets.
Firms may incur a variety of expenses for cyber protection solutions including Cyber security skills and technology, Notifying those who are affected by a cyber attack, Premiums for insurance, and public relations assistance
Ransomware, which prevents employees from accessing IT systems until the organization pays a hacker, may also be a significant financial strain.
According to Hiscox, 6% of businesses paid a ransom in 2019, resulting in a $381 million loss because of these cyber attacks.
What is Cyber Security Software?
The computer software that serves to improve the overall information cyber security of a computer, system, or network is known as cyber security software.
A cyber security software aids in the protection of computer systems from cyber attacks, illegal resource usage, hacker assaults, and so on.
Which Cyber Security Software Services Secure Your Business?
Cyber security is the protection of hardware, software, and data against intruders. It guards against cyber attacks such as gaining access to, altering, or deleting sensitive data. Below are a few cyber security software services you can consider for your organisation.
1# Bitdefender
Bitdefender cyber security software enables on-demand and on-installation scanning. It assists you in keeping your PC protected from numerous cyber attacks. The application protects internet privacy and personal data.
Features:
- This program can determine whether or not your email account has been under cyber attack.
- The battery life of the device is unaffected.
- It can respond rapidly to cyber attacks while maintaining PC performance.
- Provides cyber security updates around the clock.
- On your PC, you can quickly manage your browser.
- Provides a VPN service to protect internet cyber security.
- It is ideal for safe banking.
2# TotalAV Cyber Security
TotalAV Antivirus is free cyber security software that provides comprehensive cyber protection solutions for all of your home devices in a single, easy-to-use desktop and smartphone application.
It provides real-time cyber security protection against ransomware, malware, spyware, and adware.
Features:
- Remote Firewall enables you to access your devices from any location.
- Provides an extremely secure password vault.
- Feature of AdBlock Pro.
- Safe browsing with a VPN is enabled.
- Optimizes startup speed cleans up garbage files, minimizes background processes, and extends battery life.
3# Acronis Cyber Protect
Acronis Cyber Protect is a solution for preventing data loss and cyber attacks. These cyber protection solutions allow you to easily filter out URLs and analyze them for vulnerabilities. This cyber protection solution protects against malware and viruses.
Features:
- You may retrieve your critical data in a secure manner.
- It sends out notifications in real-time.
- Provides extensive details about the data saved.
- Helps you increase staff productivity by avoiding wasteful costs.
- It facilitates remote data administration.
Acronis cyber protection solutions are more liked by enterprises that do not want to take any risk with their data because of its high demand for data backup and cyber protection solutions.
Conclusion
Protecting a company from cyber attacks is expensive but it can harm the company’s relationship with its consumers.
As cyber attack gets more complex, organizations will need cyber security software like Acronis Cyber Protect to stay one step ahead.
Get Acronis Cyber Protect from Exabytes and prevent your businesses from cyber attacks.
Exabytes Malaysia experts are reachable over WhatsApp and email to provide any help and assistance needed in purchasing a cyber security software services and technical support.
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