3 Reasons to Increase Your Cybersecurity Protocols in 2024 | Entrepreneur
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Cybersecurity is a major concern for businesses due to the increasing threat of cyberattacks. There are 2,220 cyber attacks each day, totaling more than 800,000 attacks each year. The World Economic Forum has identified cyberattacks as one of the top risks facing businesses in 2024. Protecting against costly data breaches is crucial, as the average cost of a cyber attack for a business is $13 million. This includes financial loss, downtime, lost productivity, and recovery efforts. Additionally, small and medium-sized businesses are also at risk and need effective cybersecurity strategies.
Cybersecurity is one of the biggest challenges facing businesses today. With the rise of technology and increasing connectivity, the threat of cyberattacks has become more prevalent than ever before.
Another key reason to increase cybersecurity protocols is to prevent intellectual property theft. As businesses rely heavily on proprietary materials and data, protecting them from cyber threats is essential for growth and success. Cybersecurity measures should be in place to safeguard against unauthorized access and theft of valuable information. As the CEO of a subsidiary of a publicly traded company, I understand the importance of prioritizing cybersecurity to protect our proprietary materials while growing our business. Small and medium-sized businesses are not exempt from the risk, making it crucial for all businesses to have an effective cybersecurity strategy.
As the CEO of an 8-figure subsidiary of a publicly traded company, tec5USA, I understand the importance of prioritizing cybersecurity measures to protect our proprietary materials while growing our business. Cybersecurity is no longer just a concern for big corporations; small and medium-sized businesses are also at risk. Therefore, it is crucial for every business to have an effective cybersecurity strategy in place.
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