Do you remember the old Gershwin song, a duet performed by Louis Armstrong and Ella Fitzergerald: “You say tomato, I say tomahto, you say potato, I say potahto…”? It’s the kind of song that gets stuck in your head, but it makes a great point: Slight differences in dialects make very little difference in the long run. When it comes to IT services, it’s cybersecurity vs cyber security that makes a ruckus. The answer is the same: It doesn’t matter so much. What matters is that your business is protected.
When it comes to cyber security, the point is to protect your business’s systems, networks and software applications from attack. Cyber attacks (like all things cyber, it seems) can also be called cyberattacks (and then there’s “cyber crime” and “cybercrime”!). Cyber attacks on the information and systems your business uses can take many forms including malware, phishing, DDoS, SQL injection and others that could severely disable or destroy your ability to continue doing business.
That’s some confusing and scary stuff, but let’s not call the whole cyber security thing off. Why? Because what’s not so important is how you say or spell it, or even what it means. What’s important is not whether you spell it cybersecurity vs cyber security, but whether your NEED it or not. (HINT: You do.)
As your IT services provider, our job is to be your first line of defense from cyber criminals who might harm your business. Here are some reasons why you might need some top-notch cyber security superheroes like us to protect you:
Cyber Crime Is Everywhere
Cybercrime is “the greatest threat to every profession, every industry, every company in the world,” says Ginni Rometty, IBM CEO.
Don’t make the mistake of believing it won’t happen to your business. The majority of companies in the U.S. have been the victim of some kind of cyber attack. In fact, 54 percent of firms have had their network or data compromised because they lacked the necessary cyber security to prevent it, according to a 2019 report by Risk Based Security.
Your Chances of Getting Attacked Increase Every Day
Since COVID-19, the FBI reports a 300 percent increase in reported cyber crimes, and those are just the ones who know they have been attacked. According to former FBI Director James Comey, “There are two kinds of companies in the United States. There are those who’ve been hacked ... and those who don’t know they’ve been hacked.”
Google has also reported an increase in COVID-19 related phishing attacks, according to a Business Insider article that says Google is now blocking an average of 18 million coronavirus email scams per week, along with 240 million daily spam messages.
Lacking the Proper Cyber Security Could Cost You
That cyber attacks are expensive is an understatement. Insufficient cyber security could end up costing you a lot of money. According to a 2020 IBM report, the average cost of recovering from a cyber attack is $3.86 million. The report also notes the growing cost-saving difference of implementing advanced security technologies. Comparing companies with fully-deployed security automation with those who have not reveals a gap of $3.58 million in cost savings. It pays to make the investment in cyber security.
You Won’t See It Coming
According to a Netscout report, it takes just five minutes to hack an internet-connected device, which includes smartphones, tablets, laptops, smartwatches, on-board automobile computers, smart televisions and office control systems. By the time you figure out how to protect your business, the damage will already be done.
Worst-Case Scenario? It Will Put You Out of Business
The scariest thing about lacking the right IT services company for your cyber security is that it could end up destroying everything that you’ve worked hard to build. The disturbing reality is that 60 percent of small businesses that experience a major cyber crime incident go out of business shortly after, says an Inc. magazine article.
“It takes 20 years to build a reputation and a few minutes of cyber-incident to ruin it,” warns Stephane Nappo, Global Chief Information Security Officer of the Year in 2018.
Scary facts, we know. But here’s the good news: Intrust IT has built a dedicated team of cyber security professionals who work hard to protect your data. We don’t care where you fall on cybersecurity vs. cyber security, we’ll have your back. Simply contact us or book a meeting to get started.