The growing adoption of technology and digitalization across different industries of the world has also increased the need for information security. It is necessary for every industry to establish a strong information security infrastructure to combat any cyber threat or security breach inside the organizations. The recent growth in the number of hacking attempts and data theft has pushed several companies to invest more in strengthening their digital security. Cyber security provides the tools and procedures to track and identify any suspicious activity in the system along with the ability to counteract and protect the data from stealing.
The security breach, irrespective of the size of the organization, can result in serious damage like loss of confidential personal information, threats to the government agencies, and so on. It is essential for every company to implement a security awareness program that can help in safeguarding the significant information and avoid any future risks. The increasing adoption of technology in different verticals is demanding the need for a robust cybersecurity architecture to avoid any unexpected intrusions. Although all the industries are having the requirement of information technology, below are the top five industries that must be given more priority for the implementation of secured networks and systems.
Healthcare industry has registered for the largest number of security breaches in the recent years due to the lack of awareness and the availability of customer’s personal information in their legacy databases. The security systems in most of the hospitals are very old, making it easy to steal patient information like address, email, social security number, contact details, etc. In many cases, the private information of the employees will also be left unencrypted. According to the PwC Health Research Institute, it costs around USD 200 for each patient record along with the enterprise reputation and business loss due to the security breaches. The technological innovations in the industry are thriving the need for strong information security infrastructure.
Banking and Financial Services
Banks are the primary choice for the lethal hackers as it includes the sensitive private information of the people, which can be used to transfer the money and other purchasing related activities. The banking institutions were seriously attacked in the previous years, making them invest more in protecting their systems and customer information. International banks like Wells Fargo, Citi, JP Morgan and others are investing in cybersecurity awareness. Apart from the hacking and malware attempts in the banks, the lost mobile devices and inside espionage are also the principal reasons for the increasing attacks on the banking and financial service companies.
The increasing cyberattacks on the government agencies result in the exposure of several employee records and digitized prints, and the risk of terrorist activities. Various benefits offered to people can be altered, and confidential information about the country can be stolen, which can lead to severe damages. So it is mandatory for the government agencies to employ a powerful security system and educate the employees about its importance.
Cybercrime and security breaches have become a common part of the manufacturing sector that includes automotive, electronics and pharmaceutical companies. The increasing market competition in these companies is encouraging the hackers to steal the valuable information for collecting a ransom or selling it to the opponent. The security system in these companies needs to be updated to the latest security compliance and risk management to fight such cyber-attacks.
Education is another significant area that reported an increasing number of cyber crime and security breaches. The educational information is altered to seek out employment opportunities by many hackers. Additionally, they can change grades, delete data and alter other people information in the systems. Hacking and malware are the two most common ways to hack a system in educational institutions, and all the information of the students, teachers and other employers can be easily obtained when they access their personal websites from such hacked systems.
To comprehend, the above mentioned industries are in the top priority to introduce some serious measures to address the data and security breaches, whereas the same cyber security awareness is necessary for other industries as well.