Enterprises collect, process, and store unprecedented amounts of data on their servers. A large amount of that data such as intellectual property, financial data, personal information, or other types of data is very crucial and sensitive in nature, thus any unauthorized access or exposure could lead to irreplaceable negative consequences. Organizations transmit sensitive data across networks during doing businesses in a day to day basis.
As the sophistication level of cyber-attacks grow, companies and organizations, especially need to take robust steps to protect their sensitive information.
Cyber security is the discipline where a set of technologies, processes, and practices (are) designed to protect the hardware, software and the data from any unauthorized access.
There are several cyber security risks that an organization might have to face on a regular basis. As per a study by Accenture (NYSE: ACN) and the Ponemon Institute, Cyber-attacks cost major threat to financial-services firms than in any other industry, and the rate of cybercrimes in the industry has increased in an alarming rate in the past five years.
Graphics: Business Wire