The advent of the internet and developments in technologies such as Artificial Intelligence, Cloud Computing, Big Data, the Internet of Things, Data Science, and others have changed the way we live, operate, or interact. Digital transformation has changed the way enterprises conduct their businesses, market their products or services, or reach out to their customers. From web portals to mobile apps accessed from many device platforms, users have received incredible opportunities in terms of convenience, quality, and speed.
However, even as the internet and digital transformation have made our lives easier and turned the world into a global village, there are some who use the development for personal gains. Call them cybercriminals, hackers, or threat actors, these people and their collective action have wrought misery and devastation of humongous proportions. According to statistics, cybercrime is predicted to cause a loss of $6 trillion globally in 2021 and $10.5 trillion annually by 2025 (Source: cybersecurityventures.com). In response to the challenge, cybersecurity has evolved and has come of age. According to Gartner, the cybersecurity market is likely to touch $170.4 billion in 2022.
The evolution of cybersecurity
As the use of the Internet of Things (IoT) devices, cloud infrastructure, and artificial intelligence gathers pace, the magnitude and complexity of cyber attacks have grown manifold. This has made enterprises worldwide to take notice and employ cybersecurity measures, say by hiring specialists from any cybersecurity company in Mandurah. So, how did it all begin? Let us find out.
It all began with a research project wherein Bob Thomas designed a computer program called Creeper to move across networks such as Tenex terminals on the ARPANET. Ray Tomlinson, the creator of email, replicated the idea, who ended up creating the first antivirus software. The world of cybersecurity has come a long way since the days of Creeper and now deals with a host of malicious attacks as mentioned below:
- Denial of Service (DoS) attacks
- Distributed Denial of Service (DDoS) attacks
- Phishing emails
- SQL injections
- Man in the Middle (MitM) attacks
Earlier, only the in-house IT team of a company was given the sole responsibility of maintaining and administering the cybersecurity measures. This approach was not foolproof as threat actors used to exploit human frailties among employees to gain access to secured hierarchies. With social engineering techniques being employed by cybercriminals to cause data breaches, companies cannot solely depend on their IT teams anymore but make every stakeholder a party to the effort.
Besides, they can hire professionals from any cybersecurity agency in Mandurah to identify and fix the vulnerabilities in their IT infrastructure. Also, every member of the organisation should understand the dos and don’ts of cybersecurity, and be accountable for his or her actions. The members should know how to identify a potential threat, the risks of opening malicious emails, and phishing attacks. Further, they should know about the escalation matrix where such threats are reported or logged for the concerned persons to act.
With cybercrime emerging as a serious threat for businesses, individuals, and even governments, cybersecurity has taken centre stage. Enterprises should no longer ignore or downplay the risks that threat actors can cause to their business interests but implement strong and comprehensive cybersecurity measures to save the critical business, financial, or personal information. And suppose they are unable to cope with the threat or do not have the requisite experience or wherewithal to deal with it. In that case, they may consider hiring experts providing cybersecurity services in Mandurah.