Cyber security involves protecting digital assets like computers, smartphones, routers, networks and the internet. It’s a fast-growing market, but one successful hack can cost companies billions in damage.
The best way to minimize the risk of cyberattacks is to keep software systems up to date and use strong passwords. Make sure the passwords are at least eight characters long and include a mix of upper and lowercase letters, numbers and special characters. It’s also a good idea to consider using multi-factor authentication. Another helpful cybersecurity measure is to be aware of the dangers of clicking on suspicious links or attachments in emails, texts and social media.
As technology evolves, so too do cyber attacks. Keeping up with new trends can be challenging for many organizations. Cyberattacks can target any entity, including government entities, businesses, nonprofits and even individuals. The attackers could be seeking revenge, aiming to sow disruption and confusion or trying to embarrass the targeted entities. They may also be nation-state actors or rogue hackers.
The industry is working to combat the threat of cyberattacks. Private equity firm Vista Partners recently acquired KnowBe4, a security awareness training and response provider, in a $4.6 billion leveraged buyout. Google-parent Alphabet last year bought Mandiant, a cybersecurity incident response and investigation vendor, for around $5 billion. Other major vendors in the space include Fortinet, Palo Alto Networks and CrowdStrike. SOCaaS