I’m a tad incredulous, is there really a business executive that isn’t aware that hackers are gunning for them? Even my daughter knows her computers and mobile phones are vulnerable and she’s 18. So in case you didn’t know it; heads up, cybersecurity is important:
“In the e-commerce industry alone, there are hundreds of thousands of sites in operation. All of these sites can benefit from investing in cybersecurity. Transactions conducted on e-commerce sites require the exchange of confidential data that can be compromised at any time if companies don’t have the right type of cybersecurity protection.
If a company’s data is compromised and hackers get ahold of customers’ credit card information, the company is responsible for that breach of data. What’s even worse is that it has now lost the trust of loyal customers, losing hundreds of thousands of dollars in revenue in recurring and potential new sales.
And it’s not just e-commerce companies that need to be wary of cyber thieves. Sensitive data like social security numbers, routing numbers, passcodes and other types of relevant information can be stolen for identity theft.
Cybersecurity is needed in every business industry.
Your company doesn’t have to be in the business of handling financial information to take cyber threats seriously, either. Companies with complex operations cannot afford to have a cybersecurity breach.
Having served in the military for over a decade, I understand how important it is to make cybersecurity a top investment. My time in Afghanistan gave me better insight as to how intelligence can easily be extracted. What I learned is that cybersecurity is applicable to every business operation, whether it’s in the military, corporations or entrepreneurs.”
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group