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Running Head: CYBER SECURITY RISKS

Cyber Security Risks
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CYBER SECURITY RISKS

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Cyber Security Risks

All corporations these days make use of the internet for their services. They are also using
electronic commerce services and other emerging trends in technology like storing their data
in the cloud system. All these services are gradually becoming important with every passing
day. A corporation that does not use such is seen to lag behind and barely has the edge over
its competitors compared to those that use such services. The use of computers facilitates the
use of these services. With computers, the computer systems must be well-protected and the
network systems to shield them from the disclosure of information to the wrong parties. This
is called cyber security, where computers are protected against attacks from hackers and other
malevolent users. Various cyber risks are associated with computer and network systems in
corporations. Both small and large corporations should defend themselves against such
attacks. As attackers grow more computerized, it will be simpler for them to target hundreds
of small companies simultaneously. Private companies have less innovative protections, are
less mindful of dangers, and have less time and cash to commit to network safety than more
prominent organizations.
Consequently, hackers see them as a more appealing target than larger organizations. They
are, nevertheless, no less profitable prey. Even the tiniest firms can deal with enormous sums
of money or have access to vast amounts of consumer data, which they must secure. Small
firms frequently collaborate with more giant corporations, and as a result, they might be
leveraged by hackers to target significant corporations. This only goes to show that small
businesses should protect themselves as well. Various cyber risks should be considered to
plan for the best decision-making in terms of the protection to use. These risks include social
engineering, ransomware attacks and cloud computing vulnerabilities ris...