Employment of cybersecurity analysts is projected to increase by 35 percent from 2021 to 2031, much faster than the average for all occupations, according to the US Bureau of Labor Statistics. The numbers speak for themselves, as the demand for security analysts has been steadily increasing. So, what are the preconditions for becoming a great cybersecurity analyst? This is likely a question frequently posed by those who are eager to learn more about cybersecurity. In this blog, we will discuss the educational requirements, job responsibilities, and qualities of an effective cybersecurity analyst, as well as the job outlook in this field.
Best Practices for Cybersecurity Risk Management – Prevention Is Better Than Cure
In the era of digitalization, one of the most vexing realities is that it is becoming increasingly challenging for businesses to manage their cybersecurity risk. The future appears to be even gloomier as, on average, 130 security breaches were reported by businesses in 2021. (Purplesec.us) This is where cybersecurity came in just like a shot in the dark. Cybersecurity risk management is all about essential components of any organization's strategy to protect itself from cyber threats. Cybersecurity risk management involves identifying, assessing, and prioritizing risks, and developing strategies to mitigate those risks. In this blog, we will discuss best practices for cybersecurity risk management to help organizations better protect themselves from cyber threats.
Making Cybersecurity Framework Work for Your Business
The threat of cyber attacks certainly lurks around every corner in this digital revolution age. Hence, it becomes vital than ever for businesses, from big to small, to shield their data and resources against vicious attacks. According to a recent report by Accenture, the average cost of a cyber attack on a business has increased by 72% over the past five years, with the average cost now reaching $13 million per incident. These alarming statistics indicate that cybersecurity is the armor that protects internet-connected systems such as hardware, software, and data from unauthorized access, theft, and damage caused by cyber attacks. To combat the escalating risk of cyber attacks, businesses can rely on a cybersecurity framework, which offers a systematic approach to managing cybersecurity risks.
A Future Outlook Of The Cybersecurity Trends In 2023
With cybercrime on the rise, businesses and individuals are scrambling to protect themselves from malicious attacks. In fact, a recent report by Cybersecurity Ventures estimates that cybercrime will cost the world $10.5 trillion annually by 2025, up from $3 trillion in 2015. And the numbers don't stop there. According to the Identity Theft Resource Center, there were over 1,100 data breaches in 2020, exposing a whopping 300 million records to potential cybercriminals. In this blog, we'll have a more comprehensive insight into cybersecurity trends in 2023 and how businesses can protect themselves from the ever-evolving landscape of cyber threats.
Get Ahead with Cybersecurity – Definition, Types, Factors To Choose The Right Program
As the world becomes increasingly interconnected, businesses, especially small to medium-sized ones, are finding themselves in the crosshairs of malicious hackers. According to Security Intelligence, there were a staggering 11,395 reported phishing attacks in Europe in the first half of 2022 alone, costing businesses a whopping $12.3 million. It's a dog-eat-dog world out there, and cybercriminals are always on the lookout for their next prey. So, how can businesses get ahead in this cat-and-mouse game? The answer lies in investing in robust cybersecurity programs that can fend off these digital predators. In this article, GCT Solution will take a deep dive into the world of cybersecurity programs, exploring their definitions, and types, and offering valuable insights into the factors that businesses should consider when choosing the right program to protect themselves from threats to cybersecurity.
Top 9 Best Cybersecurity Programs for Small to Medium-sized Enterprises (SMEs) in 2023
In recent years, with fairly weak security fences, cyber threats have given small to medium-sized enterprises a cause for alarm. Specifically, cyber-attacks have deteriorated businesses’ financial situation, when the cost of cybercrime has gone up by 10%, with a $9.44 million average cost of a data breach in the US. (IBM, 2022). This is where cybersecurity programs emerge, to help SMEs protect their sensitive information and safeguard against cyber threats. However, with so many options available, it can be difficult for SMEs to determine which cybersecurity program is right for their business. In this blog post, GCT Solution will discuss the top 9 best cybersecurity programs for SMEs in 2023, along with factors to consider when selecting a program.
Cybersecurity Insurance: Your Business’s Key to Safety
Did you know that cybercrime is expected to cause over $10 trillion in damages by 2025? With the rise of digital technologies, businesses face an increased risk of cyber threats, including data breaches, malware attacks, and phishing scams. To mitigate these risks, businesses need to invest in cybersecurity insurance. Cybersecurity insurance is a type of insurance policy that provides financial protection to businesses in the event of a cyber incident. In this blog post, GCT Solution will discuss the types of cybersecurity insurance, the benefits of investing in it, as well as the challenges associated with it.
Digital Banking Ecosystem – Why It Is The Future?
Sooner or later, brick-and-mortar institutions will soon be replaced by the new digital banking system. According to a report by Bankrate, in 2022 alone, over 2/3 of the US population (65.3 %) adopted digital banking services. With the advent of the internet, mobile phones, and other technological advancements, banks have embraced the digital age and are moving towards a digital banking ecosystem. The digital banking ecosystem refers to a set of interconnected platforms, tools, and systems that enable customers to access banking services using digital channels. In this blog, GCT Solution will explore what the digital banking ecosystem is, an example of a digital ecosystem, why it is important for banks, and how digital ecosystems in finance are evolving.
Safeguarding Your Business: Understanding The Importance Of Cybersecurity
Cyberattacks are undoubtedly on the rise, as 15% of annual increases in costs are related to cybercrime in 2022, according to McKinsey. This leads to a high demand level for cybersecurity, especially in the IT industry, as 85% of SME businesses have a tendency to strengthen IT security spending until 2023. (McKinsey Cyber Market Map) As technology continues to advance, cyber threats are becoming more sophisticated, making cybersecurity an increasingly alarming issue, particularly for businesses. In this article, GCT Solution will explore why cybersecurity is so vital, especially for technology businesses, the different types of cybersecurity, and how companies can prevent cyber attacks.
10 Best Digital Banks in The US That Customers Should Look For!
According to a survey by PwC, 46% of US consumers use digital channels as their primary banking method. Indeed, with the rise of technology and the internet, people are looking for faster and more convenient ways to handle their finances. Whether you’re looking to save money, earn high-interest rates, or simply streamline your banking process, there are plenty of digital banking options available in the US. In this article, we’ll explore the 10 best digital banking US and what sets each one apart.