Why Effective Cybersecurity is Important for Businesses

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The threat of a successful cyberattack ranks among the more significant business risks organizations of all sizes and across all industries face. Business and IT executives have good reason to rate cyberthreats as a high-level risk — and to invest in a strong cybersecurity program for their company.

The volume and sophistication of cyberattacks have grown significantly since the first computer viruses emerged in the 1970s and the Morris worm became the first major internet-based attack in 1988. Moreover, the number of devices connected to the internet and corporate networks exploded during the past few decades. The reliance on IT systems for everyday business tasks also spiked in recent years, driven partly by digital transformation initiatives in companies.

Consequently, a single successful attack can have a catastrophic effect, with the potential to expose personal information, bring a company’s operations to a halt, cripple critical infrastructure and even physically harm people.

Recognizing the importance of cybersecurity, enterprise leaders in many organizations have increasingly prioritized it, seeking to implement more rigorous policies, procedures and…

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