Cyber security is one of the key aspects in the contemporary business environment. With businesses more inclined to work over cloud and getting their data transferred from physical locations to cloud cyber security has become one of the major aspects that needs to be taken into account. Most of the businesses at the present moment are highly focused on cyber security since with bigger opportunities comes big risks. The cloud based service provision have affected the security of the data and this has compelled the organisations to think about cyber security and the key challenges it faces which are extremely important to be analysed in order to get the best possible solution for them. It cannot be denied that cyber security is still one of the biggest challenges that organisations have to face and many organisations are at loss of ideas regarding the persistent threat of cyber crime and data theft. In the recent past there have been significant cases of cyber crime which has affected the business as well as the market condition that provides reasons to analyse the key challenges the cyber security poses for the businesses in the market (Rabai et al., 2013). The present literature section will analyse the key challenges of cyber security for businesses with the help of the existing works which would be critically analysed to come to a conclusion.
Cyber Security and its importance
In the era of artificial intelligence businesses have become more competitive and in this highly competitive market environment organisations have failed to keep up with the constant pressure of security. Cyber security could be defined as the process and technology and a form of technical practice designed to protect networks. This is computer program or a technical security strategy which helps to protect networks, computers, programs and data from attack, damage or unauthorised access. The cyber security is an important aspect in the contemporary business since business data has become electronic which clearly shows that there is a huge possibility of data theft and system attacks. With the emergence of new technologies it could be said that business risks have increased that needs to be effectively managed in order to focus on improving the overall business process (Chen, Chiang and Storey, 2012). The growing importance of information technology in business have also increased the importance of security especially of the information system used in the organisations which would make sure the business is competitive and not vulnerable in terms of data. Big data is the talk of the town and most of the organisations in the global business environment use big data to suffice their information requirement and develop effective business strategy, and this is where the aspect of cyber security comes into the picture. The cyber security system is essential for business as it provides the basic level of security to the information system and the data of an organisation which are mostly classified and could affect their business stance in the market in case of data spillage. Hence it could be said that the main role of cyber security in business is to provide effective security to all kind of electronic data (O’Connell, 2012).
A variety of information is stored in the database of the companies and hence it is important for the organisations to focus on safeguarding them which could be only done with effective cyber security. The cyber security is important to take care of the security of the overall information system of an organisation. Network security must be paramount within the organisation and hence cyber security becomes essential to be implemented effectively within the system. Social security numbers, passwords and passcodes are certain ways to manage the information in the organisation. The cyber security implemented in the business is considered as the ultimate security system of the organisation. The constantly evolving business environment in this highly competitive business environment creates bigger risks for the organisations in the online environment (Morrow, 2012). Greater connectivity with the emergence of the new technology creates bigger avenues for the hackers and scammers and hence it is important for the organisations to have certain effective strategy in place to make sure businesses are able to safeguard the information of the organisation cyber security is extremely effective. A major challenge today for business organisations is how to utilise the disruptive technology and manage security in this “always on” connectivity. Since the reliance on information technology has increased significantly it has also increased the risks for the businesses to work in cyberspace and hence cyber security has become important over the years. It cannot be denied that the traditional role of the IT professionals have bees stressed due to the rapid advancements in the IT industry and this where enhanced understanding of cyber security is required by the professionals to help the businesses to maneuver cyber risks (Katal, Wazid and Goudar, 2013).
The importance of cyber security is far broader than what it seems of being merely working as a shield to protect data from hacking and cyber attacks, but it is also very important to secure mobile data, mobile environments and the cloud environment of the organisation as well. Since everything in a network system is interconnected it becomes important to protect each and every device and software as well which helps to have an overall protection on the information system. In the recent past the importance of cyber security has increased due to the increase in the cyber breaches of the business organisation that can be only mitigated and terminated with the help of strong cyber security that is composed of security devices and software allowing the organisation to have overall and a compact system of cyber security protecting the data and databases as well as the devices in dire needs (Von Solms and Van Niekerk, 2013). The protection of sensitive data, intellectual property and digital assets is important more than ever and hence the importance of cyber security is important to be there in the organisation more than ever. The wider aim of cyber security is to enhance the experience of the employees at the workplace by providing effective protection on the data and making the network purely glitch free and smooth. It also focuses on reducing or eliminating the vulnerability of the system and making it completely protected (Sadeghi, Wachsmann and Waidner, 2015).
Challenges in cyber security for businesses
Even though cyber security has developed over the years this has been a prevalent problem for most of the organisations. There are many companies all across the world who still finds cyber security a conundrum due to its multifaceted characteristics. There are companies who still focus on the development of the cyber security concept. The top multinational companies have understood the problem and the challenges of cyber security which are pretty important to be addressed in order to make sure they are handled to good effect. It is important for the companies to realise how to measure risk in the realm of security as businesses are becoming digital at rapid pace. In the digital era cyber security can come from different points and hence the possible cyber security challenges need to be discussed effectively in order to address the key objective of the study. The different challenges in cyber security are:
The first challenges that most of the organisations are facing today in cyber security is malware. Malwares are malicious software and could creep in the system easily without any resistance. The malwares are such powerful programs who can multiply the viruses in the computer and could give nightmare to the system administrators. Most of the cyber criminals achieve their goal through malwares. They could get into the system very easily though emails or other kind of programs which businesses need daily and also infect the system and the files and make it available to the hacker (Sharda, Delen and Turban, 2013). It is important to make sure that the cyber security system is built with firewalls and defenders which would help to prevent malwares from infecting the files. The malware plays a strong hand in the cyber security incidents and hence it is important to manage the systems in such a way malwares are properly detected. The remote access Trojans is a form of malwares which sit in the system but they remain oblivious to the system and the administrators which impact the overall system and hence it is important to make sure endpoint detection response is implemented which helps to make sure the sharing of data done by the hidden malware is identified and eliminated (O’Connell, 2012).
USB encryption is another key aspect that is considered as challenges in cyber security. This is one aspect that still hasn’t found answers. When the external devices are attached with the office system it becomes extremely important to encrypt data in a certain way that data cannot be taken from the office system to another system which could be hostile in nature. Cyber security for organisations is yet to find the right solution to this. When connecting to the end point it is important to properly encrypt the information sent to the other device to make sure the data is safe and secured (Rabai et al., 2013).
Data loss prevention is another challenge for the cyber security system in the businesses. Most small and medium scale businesses do not have proper security in the organisation to assure data loss prevention. It is imperative that organisations have stronger system that could help to develop strategies to safeguard data and ensure prevention of data loss. Even recovery of the lost data remains a problem for the organisations and hence it is important develop the cyber security strategy in such a way that it allows the organisation to prevent data loss (Bouayad et al., 2012).
Emergency response is one of the major aspects of cyber security and it is important for the organisations to have a strong emergency response strategy and team that would be able to cope up with the initial pressure of cyber breach. Cyber breach can be detected only when the cyber security system is in active state all the time as well as the emergency response team understands their prime role in the organisation which would help the organisation to make sure data theft and hacking is prevented. Almost every company frowns on the fact that they don’t have effective ERT which can affect the overall system of cyber security due to improper follow up and hence this stands to be one of the key challenges that cyber security faces in the contemporary business environment (Morrow, 2012).
The latest challenge that has emerged in the world of cyber security is proper safeguarding of the mobile device management. There are more number of mobile devices attached to the system more than ever and hence it is important to develop a strong cyber security strategy where effective security provision will be possible even for the mobile devices. It could be said that cyber security devices and software will have to be configured in such a way that there range and reach is effective even for the mobile devices connected to a network which would ensure effective safety and security for the devices as well as for the business. With the increase in the cloud service and big data availability companies need to enhance their overall cyber security which would help to manage the safety and security of the data and make sure that the organisations are able to work effectively over a network without any possible risks attached with the business (O’Connell, 2012).
From the present critical evaluation it is very clear that in the contemporary business environment cyber security faces serious challenges that need to be eliminated effectively in order to get the best possible result out of its application. It could be said that challenges like encryption and emergency response are serious and it is important for the organisations especially the small and medium scale businesses to make sure strategies are effectively developed to mitigate their impact and secure data and information system in the organisation. Proper training and development and cyber security awareness is extremely important to implement successful cyber security system in an organisation.
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