Page 143 - Cyber Defense eMagazine March 2024

How Cybersecurity Supports Business

Operations

By Zac Amos, Features Editor, ReHack

Cybersecurity has gained much traction in recent years, so much so that it can be easy for companies to
overlook how critical it is. To overcome this gap of complacency, organizations must recognize the strong
business case for cybersecurity. They must realize that proper security is more than a recommendation
— ut’s essential to running a successful brand.

As firms rely more on digital tools and data, cybersecurity will become all the more central to ongoing
operations. Here’s a closer look at the role of cybersecurity as a business practice.

Preventing Financial Loss

The most obvious role of cybersecurity in business is to protect an organization’s finances. Data breaches
are among the most expensive preventable events a business can experience, costing $4.45 million on
average. Those costs keep rising as data becomes an increasingly valuable resource, too.

Cybercrime impacts finances in many ways. Even the most minor of attacks can lead to waste from lost
productivity as the company works to get its IT infrastructure back online. In other cases, criminals may
hold mission-critical data for staggering ransoms, or flat-out steal money or valuable information from
digital systems.

Cyber Defense eMagazine – March 2024 Edition 143
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