As today’s world is widely dominated by the presence and usage of technology, it is undeniable that even in this field, threats are still rampant. Cybersecurity is the one responsible for putting shields in our technology-based transactions, accounts, and so much more. It protects our privacy, identity, and connections by serving as a barrier against threats such as hacking and scamming. Moreso, here are some of the reasons why cybersecurity is important. Let’s take these from Lode Emmanuel Palle, who is a rising cybersecurity professional.
As per Lode Palle, it's troublesome for a number of reasons because humanity is so dependent on connected digital technologies and information networks. By 2025, according to Cybersecurity Ventures, people will have 200 zettabytes of data stored across gadgets, connected devices, public infrastructures, and data centers. With all of that information, they are a tempting target for thieves.
Since more Americans work from home, there is an increase in the number of people who connect to their devices remotely and use online storage and services. Additionally, they are producing and sharing more information as a result. Each registration and share add another weak spot to the system.
Cybercrime is Becoming a Trend.
Cyberattacks are significantly more frequent than most people know in the United States. According to studies, a brute-force attack results in an average of one suspected hack per 39 seconds. According to the FBI, organizations are the target of 4,000 ransomware attacks each day, and in 2020, one victim of ransomware was reported every 10 seconds. In the same year, there were over 26,000 dispersed denial of service assaults every day, or an average of 18 per minute. While many of these assaults are targeted, others of them are random. A startling 87% of companies have seen a cyberattack intended to take advantage of a known system weakness.
Cybercrime is Connected to Economics.
Cybercrime has a huge economic impact. Even by the end of 2021, cybercrime will have cost the world over $6 trillion in damages, up from only $3 trillion in the year 2015. It is more expensive than the damage brought on by global natural disasters and more profitable than the illicit drug trade. According to some experts, cybercrime is the "largest transfer of economic strength in history" and has the potential to cause a significant recession once more.
