May 2021, President Biden issued an executive order on federal cybersecurity. This order details ways to improve the nation’s cybersecurity by raising national standards. Options outlined by the order include removing barriers to shared cyber threats between federal contractors, modernization of federal cybersecurity, and much more.
The term cybersecurity evokes a futuristic society filled with neon, cool clothes, and lasers. However, cybersecurity encapsulates a growing problem for most modern businesses. A study last year by the FTC found cyber fraud alone cost $13.44 million in 2020. Companies should be aware of these important cybersecurity threats to avoid losing a lot of money.
Improvements in technology also mean new opportunities for crime. Cybercrime is a growing concern for businesses, as phishing emails, malware, and scams, cost more and more money each year. Cybersecurity can help protect you and your employees from losing sensitive information, time, money, and professional reputation. With data hacks and security breaches making national news, you can't afford to risk leaving your data unprotected.