Financial gain is a common motivation for most of the hackers but do not get tricked, it is not the only one. Those, who expose themselves as the ones who do not know what is cyber security and what are its’ costs can become the victims of financial crimes. Nonetheless, companies that expose their user's data due to their irresponsibility can lose their reputation and damage their image. It can reach up to 20 million euros or 4% of annual global turnover, depends on which is greater. According to EU GDPR and other emerging privacy laws, companies can be fined with surprisingly big amounts of money. This is extremely important for organizations that deal with users’ data and they have to step up to protect it. As we all know, many regulations have been created to protect users’ data. Let’s take a deeper look at why cyber security is so important: For example, advanced persistent threats make continues actions to hack into the computer systems, gain access and remain inside for months tracking and monitoring organizations' actions before they are noticed. The cost of cyber threats is at an all-time high and the breaches of security systems can be undiscovered for months. ![]() The game has been taken to another level by hackers, so organizations and their employees should know what is at risk if it’s not dealt with. Not only it is crucial to know what is cyber security but also to understand why it is important.
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