What is cyber risk?
Cyber risk is the threat of data loss, property destruction, or ransom demands resulting from a hack of your company’s information technology (IT) systems. Cyberattacks can result in financial loss or disruption to your business. They can also harm your brand’s reputation if consumers don’t feel their information is secure with your organization.
Cyber risks can lead to computer system failure and the unauthorized use of information. If an unauthorized person gains access to your computer system and databases, they can halt your operations or steal your information unless you pay a ransom. This is why you need to have the right cybersecurity. With just a computer and internet connection, anyone, anywhere, can launch a phishing attack or leverage artificial intelligence (AI) for more sophisticated crimes. “This universality makes every unsolicited email, text or social media message a potential threat,” said Dr. Arun Vishwanath, author of “The Weakest Link.”
Dispatches From The Front 