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  • Writer's pictureAmanda Bird

Why Should Everyone Be Concerned about Cyber Security?

Many businesses delegate cyber security to their IT departments, but adequate protection requires a collaborative effort across the board. After all, every security policy in the world will not help unless everyone participates actively.

Cooperation in a common goal can also aid in developing a cyber-safe organisation. This is why making everyone understand the gravity of this need is a shared responsibility of modern-day enterprises.

What Cyber Threats Should I Look Out For?

The term "cyber threat" refers to any threat that exploits the use of computers and computer networks. The definition of cyber threats generally includes the following:

Malware is a type of malicious software that causes a malfunction or disruption of a computer system, network or computer program. Although there are many types of malware, some of the most common include viruses, worms, adware and spyware.

Phishing is a form of social engineering that attempts to trick people into giving out information such as their online banking credentials or their Social Security number. Hacking

Hacking is a form of accessing and modifying a computer or network without authorisation or ownership.

ID theft refers to the unauthorised use of someone else's personal information to gain access to information, financial resources and credit.

– A DoS attack is the intentional disruption of a computer system or network. These attacks are typically executed by a hacker and are very common in the cyber world.

Extortion is when a person or group of people threaten to release private information in exchange for money.

What Steps Are Required to Stop These Attacks?

Cyber security involves a combination of policies, procedures, and technologies to protect an organisation and its assets. These steps are:

1. Assess – Assess the organisation's risks and identify where current policies and procedures are working and where they are not.

2. Understand – Develop a governance structure, including roles and responsibilities, policies, procedures and guidelines.

3. Defend – Use a combination of policies, procedures and technologies to protect an organisation and its assets.

4. Monitor and Respond – Monitor for issues and respond to problems as they arise.

5. Adapt – Be ready to adapt to any changes to policies and procedures and any changes in technology you use to support the organisation—IT Solutions from Data Foundry, Inc.

What Are the Effects of a Cyber-Safe Company?

Cyber-safety facilitates several positive effects, including:

  • Fewer interruptions to business.

  • More productivity can be directed towards growth and development.

  • Improved online reputation and better customer service.

  • The decreased likelihood that customers, clients, and partners will leave the company.

  • Lower costs caused by lost productivity, customer attrition, and remediation efforts.

  • Increased likelihood of attracting new customers, clients, partners, and employees.

  • Fewer concerns about and rapid responses to business-impacting cyber threats.

  • An enhanced ability to remain competitive and maintain leadership in the market.


In cyber security, there is much work that needs to be done. It's not a one-time thing. You need to work on and improve it at all times. How does the company judge its security? The absence of an attack, the number of incidents, or the costs?

The suitable security is the one that protects the company from cyber threats at the lowest cost. Having a sound security policy and a clear understanding of how to put it into practice is crucial to a company's ability to protect its assets, information, customers, and existence.

If you're looking for cyber protection insurance in Gold Coast, look no further than New Wave Insurance! We also provide other types of insurance, all of which are comprehensive and meet the needs of any individual. Get in touch with us today to learn more!

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