Fun Friday : Cyber Security- Myths and Facts

1. Only the IT department is accountable for Cyber Security: Myth. Cybersecurity is not the sole responsibility of the IT department. While they play a crucial role in implementing and managing security measures, cybersecurity is a shared responsibility across an organization. Employees, from the CEO to the intern, have a role in maintaining security. Human error is often a significant factor in security breaches, so training and awareness are essential throughout the organization.

2. The expenditure of a sound Cybersecurity solution is zero compared to the price of a successful attack: Myth. A sound cybersecurity solution involves various costs, including technology, personnel, training, and ongoing maintenance. While investing in cybersecurity can be expensive, it is far more cost-effective than the financial, legal, and reputational consequences of a successful cyberattack. However, it's important to note that the cost of cybersecurity should be balanced with the organization's specific risks and needs.

3. There is nothing like absolute or excellent Cyber Security against attacks: Fact. There is no such thing as absolute or perfect cybersecurity. Cyber threats are constantly evolving, and attackers are becoming more sophisticated. While organizations can implement strong security measures and practices, there's always a residual risk. The goal is to minimize the risk to an acceptable level through proactive security measures and incident response strategies. Cybersecurity is an ongoing process of risk management, not a state of absolute invulnerability.

It's essential for organizations to understand these concepts to develop a realistic and effective cybersecurity strategy.

1.Only the IT department is accountable for Cyber Security.

The IT department is indulged and acts as an accountable force for Cybersecurity; it’s not utterly a ward of IT in any way possible. All other divisions are equally liable for the takeaways and must act as IT to safeguard themselves against online dangers. Hence, it is MYTH.

2.The expenditure of a sound Cybersecurity solution is zero compared to the price of a successful attack.

There are numerous preventive measures with zero additional cost to secure business, such as strong passwords, two-factor authentication, entry administration, and employee training. They might seem expensive, but the cost to repair the damage caused by malicious attacks is beyond imagination. Hence, it is a FACT. 

3.There is nothing like absolute or excellent Cyber Security against attacks.

Inspecting security approaches, conducting security audits, scanning crucial assets continually, and financing the forthcoming updates in security criteria can not completely secure a firm from cyberattacks. Hence, it is a FACT.