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Cybersecurity is the process of protecting electronic information from hackers. It includes tools like intrusion detection systems, data encryption tools and firewalls to prevent malware and viruses from entering your computer system or network. It also involves teaching employees about the importance of staying safe online and how to recognize phishing scams.

Everyone needs cybersecurity because cyberattacks can have a significant impact on people and businesses. From identity theft and extortion attempts, to the loss of personal information and family photos. And at the national level, attacks can disrupt vital services like power grids and water systems.

In fact, cybersecurity is so important that it’s a major driver for spending. International research and advisory firm Gartner predicts that worldwide security spending will hit $188.1 billion in 2023. This is due to the high costs of repairing and replacing affected systems, compensating customers, and the possibility of regulatory fines under laws like the General Data Protection Regulation (GDPR) in Europe or the Health Insurance Portability and Accountability Act (HIPAA) in the US.

Cybersecurity is complex and ever-changing, but there are some best practices you can follow to improve your defences. Make sure to back up your data regularly, and use password-protected Wi-Fi networks, multi-factor authentication and data encryption to raise the bar for hackers. Keeping your software up-to-date is another way to protect against vulnerabilities, as are techniques like data de-identification and immutable storage solutions that ensure your information can’t be altered or destroyed even if it is stolen.