The ROI of Cybersecurity: Why it’s a Worthy Business Investment

Cyberthreats are constantly evolving and rising in frequency. This means that it is important businesses keep their cybersecurity measures up to date and tested to ensure a high level of security. In this blog, we look at why cybersecurity should be seen as a worthy business expenditure and how you can improve your cybersecurity today.

 

What are Cyberthreats?

Put simply, cyberthreats are anything online which may pose a security risk to your business. Examples of cyberthreats include phishing, data breaches and viruses. All of these can cause large financial costs towards your business. Therefore, it is important that you protect your business in a sufficient manner.

 

Why Do We Need to Invest in Cybersecurity?

Investing in cybersecurity should be seen as a must and equally as important as investing in any other business technology. Its also important that any work done to improve your cybersecurity is done correctly and by a company which knows what they are doing. This is because if these measures aren’t set up correctly and working efficiently, your business will be at just as much risk. However, once set up correctly, cybersecurity measures such as a firewall can prove invaluable for your business.

 

What Cybersecurity Measures are Available to Businesses?

Many businesses will opt to have security measures such as VPNs for remote access. The large majority of businesses will also use a firewall to protect their network by having these two measures, your business is anywhere between 50-80% more secure.

It is important to also recognise that it’s not just hardware/software which acts as an important cybersecurity measure. Employees prove to be a great weakness in many companies cybersecurity efforts. Security awareness training acts as an important step towards becoming cybersecure.

A reliable antivirus is imperative for many businesses due to the increase in cyberthreats. By having an antivirus scanning incoming emails and downloads, if a threat is detected, the software will block the email or download and ensure that your business isn’t affected by the virus or malware within the content.

Man looking at a firewall with a laptop in his hands from a cyber essentials plus business discussing computer security services

How Serious are Cyberthreats to Our Business?

Ransomware attacks can be devastating towards businesses, especially SMBs. With the average cost of attacks being 3 million pounds in the UK and worldwide, its absolutely vital cybersecurity is taken seriously. Cyberthreats can also carry reputational damage due to the risks of data breaches and leaks. This can lead to large fines and damage to relationships with customers. It is therefore vital that you protect data correctly and ensure it is in the correct hands at all times.

 

Cybersecurity Investments:  How Three Cherries Can Help

At Three Cherries, we understand that security can be a confusing topic, which different challenges within different sectors. That’s why we believe it is vital for companies to use experts such as Three Cherries to implement the correct solutions. If your business needs any cybersecurity support, contact us today!

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