Top 4 Reasons to Hire Cybersecurity Professionals for Your Company

Technology has penetrated all fields of life and revolutionized the way organizations operate in the modern digital world. Cloud computing, artificial intelligence, machine learning, blockchain, web 3.0, and the Metaverse are all set to give a new definition to the digital realm.

Mankind strives to bring together cutting-edge technology that reduces human intervention, increases productivity, and completely changes people’s perceptions of the internet, socializing, and e-commerce.

To gain a competitive advantage and build a strong online reputation, businesses and organizations are battling to adopt the latest technology trends and digitalize their core business functions to improve efficiency.

However, in a parallel digital world, hackers and cybercriminals are searching for new ways to breach security and tamper, steal, or misuse sensitive information for malicious purposes.

Customer information and sensitive organizational data are critical assets for any organization. Organizations are investing in state-of-the-art technology and hiring cybersecurity specialists on a massive scale to keep their information, network, and applications secure from intrusion attempts.

However, this is just one aspect of hiring a cybersecurity professional. Read on to discover some important reasons to hire cybersecurity professionals for your company.

Cybersecurity: Job Profile and Growth Prospects

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Many believe cybersecurity is about setting up and maintaining a network or installing a hardware or software firewall. However, this is the minimum capability of a cybersecurity professional.

Apart from network administration, a cybersecurity professional has an in-depth knowledge of data encryption techniques, security forensics, incident response, disaster management techniques, cloud and blockchain security, IoT security, risk analysis, ethical hacking, and much more.

The cybersecurity market is growing, offering some of the highest paying tech jobs in the IT industry. Due to the amount of expertise and knowledge required, cybersecurity professionals get lucrative benefits and a slot in top-level management within a few years.

Here are 4 reasons why you need to hire cybersecurity professionals for your company.

1. A Single Attack Can Cause a Devastating Effect on Your Company

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Cyber crimes have become more sophisticated with each passing day, and their frequency is increasing rapidly. Hackers use AI-powered algorithms and intelligent tools to invade a company’s network and steal sensitive information for malicious purposes.

According to recent statistics, the world will face an annual loss of $10.5 billion due to cyber crimes by 2025. A single cyber attack can cost as high as $55,000 to any business, while small-to-medium businesses (SMBs) are at a higher risk of cyber crimes.

Apart from financial loss, a business has to face numerous consequences in the aftermath of a cyber attack, such as disruption of customer services or sales, theft of personally identifiable information (PII), disturbance or delay in the complete supply chain, loss of customer trust, and much more.

To avoid financial loss and service disruption, companies need to upgrade security mechanisms, which is why they need cybersecurity professionals.

2. Strengthen Application, Network, and Security Infrastructure

Cybersecurity professionals have in-depth knowledge and expertise in identifying points of compromised security within network and application infrastructure. They perform comprehensive tests like pen testing, attack surface monitoring, network or application vulnerability scanning, black-box testing, etc., which focus on determining weaknesses in the system.

Through ethical hacking, they check the strength and preparedness of systems and applications against possible threats. They are also responsible for monitoring network traffic and detecting potential denial of service attacks before they turn down a server.

The thorough analysis, examination, and testing of network, application, and security infrastructure allow cybersecurity professionals to fill the security void and implement strict security protocols to mitigate security risks.

3. Ensure Compliance with PCI DSS Standards

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Businesses that sell online rely heavily on cybersecurity professionals to keep customer data safe from security breaches. A cybersecurity professional helps businesses comply with the PCI DSS standards – a set of standards for processing customer credit or debit cards and keeping the information safe during the entire transaction.

Without strict compliance, there’s a high risk of key customer information getting leaked or tampered with. In such an event, the company faces a financial penalty and may be asked to suspend services for a specific period.

4. Stay Protected from a Range of New or Conventional Security Threats

As technology continues to evolve, hackers have become more sophisticated. Viruses, Trojans, malware, adware, ransomware, denial of service attacks, banking Trojans, and insider threats have resulted in businesses losing millions of dollars and cyber posture.

Cybersecurity professionals help businesses in employing cutting-edge technology to stay protected from an array of new or conventional security threats.

Final Thoughts

Cybersecurity is a growing concern for businesses worldwide. If your company has no security policy in place, it is nearly impossible to protect your digital information and financial assets from cybercriminals.

Organizations are actively hiring cybersecurity professionals to safeguard sensitive organizational data. Setting up a separate information security department and hiring cybersecurity experts is the most effective way to implement state-of-the-art security and secure your company from potential security risks.