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Cybersecurity

Cybersecurity is all about protecting computer systems, networks, and sensitive data from unauthorized access, theft or damage. It’s critically important for businesses of all sizes and industries, as well as government agencies. It safeguards all types of information from being stolen or hacked, including private health information, intellectual property, credit card details, and financial records. Without it, our lives and work would be significantly more difficult.

The good news is, cybersecurity doesn’t have to spell trouble for businesses. In fact, savvy leaders may see significant growth opportunities by turning security vulnerabilities into competitive advantages. McKinsey research shows that digital trust can be leveraged to drive revenue for organizations in both consumer and commercial sectors.

But there are many challenges that companies must contend with, both in terms of technical and human factors. For example, implementing robust cybersecurity measures can be expensive, both in the short term and long term. In the short run, it can require investments in new hardware and software as well as employee training. Longer term, it can require ongoing maintenance and updates to keep pace with evolving cyber threats.

In addition, the attack surface is constantly expanding. Thousands of new vulnerabilities are reported every year in old and new systems, and the threat landscape continues to evolve rapidly. Many of these threats are caused by human error, with negligent employees or contractors being responsible for a growing percentage of incidents.