There’s hardly any business nowadays that don’t use computers and connect to the Internet. Companies maintain an online presence through their official websites, blogs, and social media pages.
People use online services to conduct day to day activities like banking. And of course, there are many businesses that are completely based on the web like online markets, e-Commerce websites and financial services.
All of these activities create opportunities for cyber attacks. Various threats can affect websites, online services, API endpoints, and the applications used or provided by businesses.
Such devastating attacks include privacy intrusion, DDoS attacks, data breaches, defacements of websites, online store shutdowns, scraping, payment fraud, abuse of online services, and backdoor installations.
The 2019 Cost of Cybercrime Study by Accenture reports that there has been a 67% increase in cyber attacks over the last five years. The corresponding increase in financial terms is pegged at 72% or a $13 million average cost of cybercrime (in 2018).
It only makes perfect sense to beef up cybersecurity. Robust protection is critical for businesses of all sizes. Even small businesses can…