Cyber Security: What’s the Big Deal about It?
Over the years, criminals have gotten more sophisticated and the internet, coupled with advanced information & communication technology (ICT) tools, has expanded the scope of these activities exponentially.
With easy access to a wide variety of data, the frequency and complexity of cybercrimes have increased at a significant rate. And that’s why Net neutrality is significantly needed.
According to a United Nations (UN) report on cybercrime, hackers are placing attacks on computers and networks at a near-constant rate, averaging around one attack every 39 seconds.
Aside from compromising data privacy, cybercrimes carry a hefty economic cost as well.
For instance, the same UN report postulates that cybercrimes cost the world approximately USD 600 billion in 2018, affecting nearly 67% of the world’s internet users.
An even more worrying trend observed in some of the recent cyber-attacks was the disruption caused to essential services in some countries.
The WannaCry ransomware attack of 2017 crippled the operations of the UK’s National Health Service and stalled activities of some of the Russian government’s ministries and departments.
Tech companies are working continuously to provide comprehensive solutions to the business world to counter the growing menace of crimes of such nature.
Let’s take a look at some of the key industry developments.
Cisco Makes Available Its Cloud Cyber Security Solution
In June 2020, Cisco announced that its integrated cloud-based cyber security platform, SecureX, will be generally globally from the end of the month.
With the accelerated pace of enterprise digitization, Cisco’s SecureX aims to enable organizations to efficiently perform business processes and ensure data security simultaneously.
Simplifying enterprise security management, the product is engineered to meet and address cyber threats promptly, automate workflows, and create a secure remote working environment.
As the work-from-home trend gathers momentum worldwide, Cisco expects to see increasing adoption of its platform.
ElevenPaths and Fortinet Expand Cyber Security Partnership
Fortinet, the California-based cyber security specialist, and ElevenPaths, the cyber security arm of Telefonica Tech based in Spain, announced in June 2020 that they will be expanding their partnership to develop and offer next-gen managed security services to end-users.
Focusing on customers from the industrial sector, the two entities will be providing solutions for their Internet of Things (IoT), information technology (IT), and operation technology (OT) environments.
Under the collaboration, ElevenPaths will be able to access Fortinet’s Security Fabric solutions designed for industrial control systems to cater to the surging demand from organizations for the protection of their IT and OT environments.
The need for efficient cyber security has never been more greatly felt than now when the coronavirus is wreaking havoc across the globe.
But do you know that using a high-quality VPN service can help reduce your sensitive data loss?
Will Cyber Crimes Remain a Perpetual Threat?
Data is the currency of the modern world and as internet usage continues to expand, virtual crimes are unlikely to cease in the foreseeable future.
But does that mean one stops browsing the internet?
Absolutely not!
Besides being a source of entertainment and fun, the internet is playing a pivotal role in connecting people culturally, economically, and politically.
Businesses around the world are leveraging the internet to expand and diversify and it is these activities that are taking the world forward.
What is required, therefore, are strong national policy frameworks governing cyberspace, and many countries today have cyber security laws in place.
Stringent implementation of these regulations will be crucial to deter the seemingly perpetual threat of cyber-crimes.
