In the security of your electronic product: how much should you invest? learn right now [2023]

In the security of your electronic product: how much you should invest. Some companies and websites are not busy developing their products, without really caring about the security risks on the network and how effective the tools and methods available are to protect their products and online platforms. security of your electronic product

While some attribute it to being completely out of their control. Others differ in that they are purely automated computer systems, data storage clouds, and software dealing with programming languages. Anyone with expertise in this field can secure or hack sites or databases based on their understanding of their code and the mechanisms of communication with them. security of your electronic product

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This principle is what is based on the worldwide cyber security sector and what many programmers provide to protect and protect their systems, data, sites and applications. They employ software development and simulation specialists to strengthen entry and exit points, monitor site traffic, and enhance wireless defense. security of your electronic product

Accordingly, the cyber defense industry, which has a huge market, is developing strongly – we can address its most important companies in another article – as most of the companies currently operating in the information and communication technology sector rely on electronics. spend a lot of money or cyber security, as some call it.  security of your electronic product

Many people believe that investing in cyber security is no longer an option but a necessity. And that a proactive approach to cyber security is your best bet for thwarting attacks and protecting their data assets.

How much does a cyber attack cost your company?

Industry research has shown that the average cost of a cyberattack on your business is approximately $1.3 million for large businesses and $113,000 for small and medium businesses. This is without the risk of costs of stolen data such as credit card information or patient information for banks. Besides the fact that many small businesses go out of business 6 months after the attack, some of these costs break down into the following:

Prosecution cost

• Cost of follow-up, criminal investigation and investigation
• Cyber security training for employees
• The cost of attracting new customers after losing some old ones
• loss of reputation of the company

45% of small and medium businesses are exposed to cyberattacks, especially companies with business types that have databases such as doctors and bank record owners. Companies’ reliance or exposure to risks varies on the extent to which technology interferes with the details of their operations. The more actively they work in the Internet of Things – IoT, the higher the risk of a security attack.security of your electronic product

What are the simple solutions available?

Online hosting systems such as Amazon Web Services or Digital Ocean offer comprehensive services at preferred rates that are somewhat more expensive than regular hosting called hosting, thus ensuring that small and medium businesses are included in their cyber security coverage. .

For companies that do not operate directly in the technology sector and have an IT department as a complement to their business, it is recommended to spend an average of 8% – 10% of the department’s entire budget on increasing cyber security .