Unleashing the Development of Cyber Security Solutions

The cybersecurity strategies built by an organization must be established in such a way that almost all users are kept safe.

Cyber threats are continuously fluctuating and are shifting in alignment with the times. Website hacking, illicit transactions via internet banking, and more have become an almost regular phenomenon. The rapid dissemination of emerging technologies such as IoT and the growing use of digitalization has been observed in recent years. In addition, cyber-attacks can cause a business tremendous harm. These reasons also increase the value of security measures than it has ever been.

According to The Print, "Cybersecurity experts predict that in 2021, there will be a cyber attack incident every 11 seconds. This is nearly twice what it was in 2019 (every 19 seconds), and four times the rate five years ago (every 40 seconds in 2016). It is expected that cybercrime will cost the global economy $6.1 trillion annually, making it the third-largest economy in the world, right behind those of the United States and China."

Importance of Cybersecurity and its challenges

The data and integrity of computer properties belonging to or linking to the network of an entity are secured by cybersecurity. Its goal is to protect those resources over the whole lifespan of a cyber attack against all security threats.

Security policies could mean changes, as they may fluctuate in data access concentrations and may use different IT frameworks. To confirm that the security requirements of every client are acknowledged without gaps or overlaps of others, a robust cybersecurity policy is essential.

But with benefits come challenges. The increasing essence of security threats themselves is the most significant cybersecurity problem. Generally, much of their cybersecurity efforts have been concentrated on security controls by companies and the government to safeguard only their most sensitive device elements and protect against known attacks. Nowadays, this strategy is not enough as the risks progress and adapt faster than companies can. Hence, the cybersecurity strategies built by an organization must be established in such a way that almost all users are kept safe.

Cyber laws and regulations

That's why it is important to have proper cyber laws to protect customers from fraudulent activity. They exist, but they continue to evolve to deter online piracy and crimes effectively. It is important to understand the cyber laws of your nation and the local community for someone who is using the internet, so you can see what is and does not happen legally online. It is possible to punish someone who commits such crimes with imprisonment or a massive fine.

According to Appknox, "As human dependence on technology intensifies, cyber laws in India and across the globe need constant upgradation and refinements. The pandemic has also pushed much of the workforce into a remote working module increasing the need for app security. Lawmakers have to go the extra mile to stay ahead of the impostors, in order to block them at their advent. Cybercrimes can be controlled but it needs collaborative efforts of the lawmakers, the Internet or Network providers, the intercessors like banks and shopping sites, and, most importantly, the users. Only the prudent efforts of these stakeholders, ensuring their confinement to the law of the cyberland – can bring about online safety and resilience."