Thank you for Subscribing to CIO Applications Weekly Brief

Key Advantages of Cyber Security
The importance of investing in cybersecurity has never been greater than it is now as we move through the fourth quarter of 2022.
By
CIO Applications | Tuesday, February 28, 2023

Cybersecurity comes with countless benefits for organizations, such as ensuring the protection of personal information, enhancing productivity, and maintaining trust and credibility.
FREMONT, CA: The importance of investing in cybersecurity has never been greater than it is now as we move through the fourth quarter of 2022. The number of successful attacks is affected by a number of factors, including globalization, recession, and the use of mobile phones.
Cybersecurity is often ignored by companies because they don't understand why it should be a top priority. Let's take a closer look at this:
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Mobile phone usage is on the rise: From shopping to visiting a healthcare provider, people have started using phones for almost everything since 2019. It became a great opportunity for companies to gain revenue through digitalization, and people loved this convenience, but hackers also took advantage of this. Due to this, mobile phones are the most common target of attacks, where attackers can easily steal information. It could be personal information or information about the company.
The following factors make mobile devices particularly vulnerable:
• It is fairly common for new devices to be unprotected,
• As mobile phones are small, they are more likely to become stranded in airports and cities, increasing their vulnerability to attack,
• Through Wi-Fi, malware attacks can easily embed themselves,
• Social media is often used to share personal information due to the human factor.
Increased investor awareness and customer loyalty: Cybersecurity systems and security teams are strong selling points. When it comes to customer acquisition and retention, organizations will differentiate their business even if they don't face any attacks. Investors will also be attracted to the company if organizations can guarantee that users' and stakeholders' information is protected.
Cybersecurity in 2023: Cyberattacks are increasing rapidly, making it harder for companies and cybersecurity experts to predict where the most dangerous attacks will occur. This is where Artificial Intelligence (AI) comes into play. Today, machine learning algorithms are widely used to analyze large amounts of real-time data that move across networks, which are far more intelligent and faster than humans.
Additionally, these algorithms can identify patterns that indicate a threat, reducing the risk of successful attacks and allowing companies to be more proactive. According to experts, the market for AI cybersecurity will reach $139 billion - a near-tenfold increase.
Cybersecurity Education: Businesses are currently most vulnerable to human factors. Every business has users, and every employee has a phone or any other gadget. Employees can easily click on a malware link or open a dangerous file, regardless of the industry they work in or the size of the company.
Regardless of what practices organizations use to protect their businesses, employees will still be at high risk of a successful attack if they don't know about their own cybersecurity. Thus, companies now offer education programs that teach staff about things they may not have noticed before and the ways to protect their phones efficiently.
More in News

