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Cybersecurity is a broad term that refers to the application of technologies, procedures, and policies to protect an organization’s information. It’s a critical component of any business’s security strategy.

Today’s hackers are more sophisticated and organized than ever before. They are using social media and mobile devices as tools of attack. Their motivation is obvious: they want to steal financial information.

A key aspect of an effective cybersecurity approach is regular risk assessments. These assessments must be based on the specific needs of an organization. As the number of cyber threats rise, it’s vital that organizations have multiple strategies for defending their systems.

Breaches and data breaches occur in all industries. From retail to healthcare, all companies are at risk of customer attacks. For example, the recent WannaCry “cryptoworm” targeted 230,000 computers in 150 countries, demanding a ransom in the form of Bitcoin to unlock the machines.

An effective approach to cybersecurity is to prevent attacks by implementing bulletproof software and systems. A multi-layered approach is essential, and includes the use of artificial intelligence. In addition, it’s important to train employees on cybersecurity best practices.

Today’s cybersecurity professionals must understand and be able to anticipate attacks. This is especially true in regulated industries.

Organizations must strengthen defenses across their entire technology infrastructure. They must also prepare for advanced threats.

Effective cybersecurity involves a strong cultural component. Security awareness training improves employee knowledge and behavior. Senior management should reinforce employees’ responsibility to maintain the company’s security.