Challenges Faced by the Business from Cyber Security-Free-Samples

Question: Discuss about the Challenges in Cyber Security for Business. Answer: Introduction The following report is based on the determination of the challenges faced by the business organizations from cyber security. The use of internet by the different business organizations has changed the way business is done in the modern world. The use of this ultra modern technology has no doubt changed the approach of the business organizations towards its customers. Cyber Security consists of different technologies, processes and controls that are designed to protect the systems and network data from any kinds of cyber attacks. Nowadays most of the organizations implement technological tools to carry on different business operations (Cherdantseva et al., 2016). The advent of the computer technologies and internet has both been a blessing as well as a doom for the operations of the organization. Therefore the main challenge of the management of the business organizations is to protect their systems from being harmed from any types of potential online threats. The report gives a clea r idea on the kind of threats being faced by the organizations and the measures that the business organizations implement to counter such threats. Project Objective The topic of the report clearly indicates the objective which is to determine the different types of security measures implemented by the organizations to counter the threats posed by the different cyber attacks. The report has been a great source of knowledge on how the organizations implement cyber security techniques and what the ways by which these threats are handled. The report has also the objective of providing insight into the world of cyber security and the harassment that the business organizations face as a result of such harassment. The successful completion of the following assignment will help to provide a transparent picture on the learning outcomes of the business. This includes the definition of cyber security, the ways by which cyber security is arranged in the business organizations and last but not the least the ways in which it is implemented within the organization. Project Scope The topic that has been selected for discussion is itself one of the trendiest topics. This is because cyber security is now a household name for the business organizations. Almost all the business houses that implements computing technologies and uses internet to operate in the modern market faces issues with cyber security. The project thus takes a large number of different information into consideration. The consideration of such varied information helps to make the scope of the project much larger. The report can act as a great help for the future researches on the same topic. Such researches can receive important information regarding cyber security from the current research. Literature Review Cyber Security Cyber Security means the different body of technologies, progress and different practices that are constructed to protect the different networks, programs and devices from different cyber attacks in the source of virus, spam and other kinds of online attacks (Fielder et al., 2016). The cyber security may also be termed as the security to information technology. Importance of Cyber Security in Business Cyber Security is one of the most important elements of a business organization as it is needed to store, collect process and analyze the large number of information on the computers and other computing devices. This information is always sensitive in nature and any forms of data leakage can harm the business operations as well as the reputation of the business. The management of the organizations transmits the secret data through a number of different networks and to other devices in the process of doing the different types of business. Therefore leakage of this kind of sensible data will seriously affect the management of the business organization (Graham, Olson Howard, 2016). The growth in the volume and sophistication of the cyber attacks is a great worry for the different business organizations as they become more vulnerable to different new attacks with the passage of time. Therefore it is utmost necessary for the business organizations to have a perfect defense in place to sa ve themselves from any kind of threats that have its source from the computer technologies like internet. Challenges of Cyber Security for the Business A study conducted by, Graham, Olson and Howard, (2016) cybercriminals are going to create 3.5 million new, unfilled cyber security jobs by the year 2020. If this is compared with the year opening of 2016 it will be seen that there has been an increase of 350% in just a span of 4 years. The alarming rate of such an increase will be a great source of problem for the business as because it directly implies the rate of increase in the crimes originating from the internet. The business organizations are the most vulnerable in the line as they are going on investing large sums of money to hire different IT professionals so that they can save their business from the hands of such crimes. The ultimate aims of the business are to secure and safeguard the interests of their customers and provide them the best products and services accordingly. A calculation in the year 2017 alone accounted for a huge sum of $86.4 billion on cyber security measures that were spend by the different business orga nizations alone. There are a number of different types of cyber security challenges and trends that will be the main challenge for 2018. They are as follows; Evolution of Ransom ware- Ransom ware is one of the biggest challenges to cyber security. The following tends to disrupt the operations of the business organizations in a very hard way. This type of viruses is spread with the intention of demanding different things from the victim. This type of viruses is very difficult to remove from the system and can only be removed by means of paying or meeting the demands of the attacker. Most of the demands are in the form of financial transactions where amounts can shoot up to some hundreds and thousands of dollars (Graham, Olson Howard, 2016). The ransom ware attacks are growing at the most alarming rate which has risen from the crimes of the earlier year. Over 77% of the malicious items in the internet are malwares and any mistake from the part of the business organizations can land them into serious issues and can totally damage the operating system of their servers. However most of the organizations fails to understand the necessity of cy ber security and does not implement the necessary tools to counter those threats. This makes the task of the hackers easy and they are able to spread the virus and demand ransoms. More than 40% of the business organizations of the globe either do not possess any forms of disaster recovery strategies or the disaster recovery systems of their organization are outdated and of no use from new forms of attacks. Al Expansion- Artificial intelligence has been in the news for quite some time as it is being termed as the next big thing to fight the cyber attacks of all kinds. Experts in the business predict a rise in the investment of artificial intelligence in the globe to measure the incoming range of cyber attacks within the business. An amount of about $2.5 billion will be invested by the different companies on artificial intelligence to prevent the different kinds of cyber attacks. The development of robotics brings with it a number of different advantages in the business sector (Fielder et al., 2016). The first and foremost benefit of the organization is that they dont have to pay the robots for their work and so the business does not have to incur any expense on them except for maintaining them accordingly. Secondly the robotic technology works round the clock and all the year which is one of the major benefits of the business organizations. Timing is one of the most important considerat ions in the sector of the business as because it will be much easier for the organizations to fight the malicious items once the attack is on. On the other hand it will be an uphill task for the It experts to repair the damage once it is already done. Therefore the robotic technology is a game changer in the following sector and is surely the future of the business organizations which will assist them on their growth. Traditionally It experts came up with the solutions or failed to repair the damage as because it was not possible for them to work overtime and wait for different kinds of malicious attacks. The developers have a great understanding of the different facts and the programs of the organization and thus both robotics and It experts have to work hand in hand to counter the threats posed by the different malicious software. IoT Threats- The majority of the business organizations are active in the internet round the clock just to reach out to a large number of people to market their products and services. The introduction of the Internet of Things has no doubt changed the future of the world but has also different threats that need to be countered. The high range of interconnections in the complex world of Internet makes the organizations vulnerable to different kinds of threats that are present within this area. Major studies in the following area showed that over 70% of the devices used by the business organizations are susceptible to threats (Fielder et al., 2016). This happens just because of the presence of insecure web interfaces, data transfers and insufficient methods of communication. It also happens due to the lack of knowledge from the part of the users about the proper security measures to be implemented when using such devices. This is the ultimate truth that is supported by the facts of int er device communication. Thus the fact that accessing one device lets the user to handle a number of different devices increases the risk of the organization. Therefore it can be said that more the interconnectivity of devices, the more is the risk possessed. Therefore it is important for the business organizations to keep proper security measures like secured password, user verification codes, two factor authentication and other kinds of more complex security measures to avoid any risks. Block chain Revolution- The emergence of different forms of crypto currencies in the internet has been a revolution. These kinds of crypto currencies like Bit coin are build upon different block chains, the technical innovation and a decentralized and secure record of different transactions. It is quite difficult to predict the offerings of the development in the block chains. The business enterprises are thus concentrating on a number of different used cases which the block chain helps to enable from different medical records and other forms of decentralized access control (Graham, Olson Howard, 2016). Vulnerability of server less applications- Server less applications can easily invite the cyber attacks. The information of the customers in a business organization is at huge risk when it is being accessed from outside the server like locally or other devices. The information nowadays is generally stored in the cloud servers which are generally accessible from all kinds of devices and even the security is accessible from any kinds of devices in such cases. Therefore the hackers are easily able to control the different kinds of security measures taken by a customer of the business organization. The presence of server fewer applications are thus vulnerable to different attacks. The vulnerability of these kinds of attacks does not help the cause of the business and thus makes them prone to different threats (Knowles et al., 2015). Drone jacking- Organizations and consumers are using drones in new and innovative ways and the cybercriminals are ready for utilizing the golden opportunity to hijack the drones by hacking the technology (Liu et al., 2015). Reports have claimed that it is very easy to hack a toy drone and use it for criminal purposes by landing them over the roofs of different buildings and hacking the networking system. Social Engineering- Cyber security technology is becoming more advanced and complex with each passing days. The hackers thus are finding it tough to match the system technologies and hack them. However the presence of social engineering has given them another option to counter such complex technologies and hack the systems easily enough. The most popular types of example includes the likes of phishing technology which involves deceiving important data and information from the different individuals and use them to hack the system more easily. The anti phishing technologies must be installed by the different business organizations to make the system secure and safe from the hands of the hackers. Insider Threats- Business organizations are obviously vulnerable to cyber attacks from external threat but internal threats which occur from within the business can be the most dangerous and have a much greater impact on the operations of the business organizations. The security issue that arises from within the inside of the organization is very much harmful for the business as because it is totally unpredictable in nature and is hard to solve (Liu et al., 2015). Sixty percent of the data breaches occur as a result of different internal threats. More than half of the workforce of the organization has malicious intent and aims to disturb the proper working of the organization. There are also people who are not aware of the intents of the hackers and provides them different types of information unintentionally which leads to the occurrence of different kinds of threats. Machine Learning- The machine learning algorithms have been constantly helping the business organizations perform different types of complicated data analysis tasks on huge quantities of data at a large speed with a minimum manual input. According to, Nielsen (2015) this type of technology is used to determine the different kinds of frauds and can also determine the success rate of the different kinds of marketing campaigns and automated consumer product suggestions and many other types of innovative applications. Mobile Malware- The use of mobile devices is on a rise with the business organizations as because they are easy to carry and have the same kind of applications that are performed in a computer. However the cyber criminals have also targeted such mobile devices by creating different virus that are spread with the use of different kinds of applications. Different kinds of business organizations thus take the help of antivirus software to fight against such kinds of mobile malwares (Ray et al., 2014). There are also Trojans and mobile ransom ware that have the capability to disrupt the services of the organization. False advertisements and different feedbacks- The presence of false advertisements in the social media sites has been a problem for the consumers of the business organization as because the customers often falls into such traps set by the hackers. Fake advertisements are creating enough tensions for the business organizations as because they tend to disrupt both the operations and the reputation of the company. Absence of Firewall- The absence of firewall in most of the servers of different business organizations or the presence of outdated ones are a threat to the organization and a boon for the hackers of the organization (Ray et al., 2014). The adaption of a new firewall system that can counter all the threats will be useful for the business organization. Monitoring Cloud Configuration and Security- The monitoring of the cloud based software and the regular update and checking of the security of the entire system on a regular basis is utmost important for the management of the business organization to ensure the safety and integrity of the business organization (Shackleford, 2015). The regular update is required just to ensure that the system stays protected from the different kinds of threats possessed by the cyber threats. The hackers are involved in the creation of new forms of hacking technologies with the passage of each and every day. Therefore it is necessary for the business organizations to make sure that they regularly update the security system and provide the best technologies to stay risk free. High Impact Attacks- The biggest challenge is faced by the organization when a high impact attack tends to disturb the total working of the business organization. Viruses such as Wannacry, Shamoon v2 are really harmful and can cause extensive damage to the proper working of the business organization. Thus it is necessary for the enterprises to stay updated and ensure a risk free environment (Ray et al., 2014). Conclusion The following paper has discussed all the different elements and terms related to cyber security. The discussion, explanation and the proper recommendations to counter the different cyber security threats has made the project compact and flawless in nature. The brief yet compact description of cyber security, the importance of cyber security and the different threats and the challenges it provides has been well explained in the project. The analysis of the total work will help the readers to have a clear understanding of Cyber security and its importance to business organizations in the modern world. Reference List Amini, L., Christodorescu, M., Cohen, M. A., Parthasarathy, S., Rao, J., Sailer, R., ... Verscheure, O. (2015).U.S. Patent No. 9,032,521. Washington, DC: U.S. Patent and Trademark Office. Ashenden, D., Lawrence, D. (2016). Security dialogues: Building better relationships between security and business.IEEE Security Privacy,14(3), 82-87. Brown, S., Gommers, J., Serrano, O. (2015, October). From cyber security information sharing to threat management. InProceedings of the 2nd ACM workshop on information sharing and collaborative security(pp. 43-49). ACM. Carpenter, S. G., Boice, E. T., Kowalczyk, A., Dietrich, K., Gadhe, G. P., Knapp, E. D. (2018).U.S. Patent No. 9,930,058. Washington, DC: U.S. Patent and Trademark Office. Carr, M. (2016). Publicprivate partnerships in national cyber?security strategies.International Affairs,92(1), 43-62. Cherdantseva, Y., Burnap, P., Blyth, A., Eden, P., Jones, K., Soulsby, H., Stoddart, K. (2016). A review of cyber security risk assessment methods for SCADA systems.Computers security,56, 1-27. Fielder, A., Panaousis, E., Malacaria, P., Hankin, C., Smeraldi, F. (2016). Decision support approaches for cyber security investment.Decision Support Systems,86, 13-23. Graham, J., Olson, R., Howard, R. (Eds.). (2016).Cyber security essentials. CRC Press. Knowles, W., Prince, D., Hutchison, D., Disso, J. F. P., Jones, K. (2015). A survey of cyber security management in industrial control systems.International journal of critical infrastructure protection,9, 52-80. Liu, Y., Sarabi, A., Zhang, J., Naghizadeh, P., Karir, M., Bailey, M., Liu, M. (2015, August). Cloudy with a Chance of Breach: Forecasting Cyber Security Incidents. InUSENIX Security Symposium(pp. 1009-1024). Nielsen, R. S. (2015).CS651 Computer Systems Security Foundations 3d Imagination Cyber Security Management Plan(No. LA-UR--15-21507). Los Alamos National Lab.(LANL), Los Alamos, NM (United States). Ray, P. D., Kumar, A. B. R., Reed, C., Agarwal, A. P. (2014).U.S. Patent No. 8,856,936. Washington, DC: U.S. Patent and Trademark Office. Shackleford, D. (2015). Combatting cyber risks in the supply chain.SANS. org. Soomro, Z. A., Shah, M. H., Ahmed, J. (2016). Information security management needs more holistic approach: A literature review.International Journal of Information Management,36(2), 215-225. Trim, P., Lee, Y. I. (2016).Cyber security management: A governance, risk and compliance framework. Routledge. Xu, G., Yu, W., Chen, Z., Zhang, H., Moulema, P., Fu, X., Lu, C. (2015). A cloud computing based system for cyber security management.International Journal of Parallel, Emergent and Distributed Systems,30(1), 29-45