Businesses must be aware of a system design’s components and cyber risk categories for maintaining the security of their data. Designing is the process of creating and executing a task according to a laid out plan. A business system design is a collection of design documents and Its supporting documents defining a system’s functionality. Moreover, it supports a single or multiple business processes’ data. It achieves this by creating, retrieving, updating, and deleting data. A system design’s components are three, namely quality, timeliness, and cost-effectiveness. A balance must exist between the three components for achieving success. Therefore, an increase or decrease in one of the components directly affects the other components. Protecting an organization’s business system prevents the organization from experiencing the negative impacts of cybercrime.
Read more on a system design’s components and cyber risks categories at
TOP CYBER RISK CATEGORIES IN ORGANIZATIONS
Relying on information technology for the setting up of businesses in the current world is essential. Technology streamlines and eases the performance of tasks within organizations. Moreover, technological resources such as databases are vital for storing customer data and employee information. The possibility of cyberattacks is very high regardless of the size of the business. The following are some of the potential cyber risk categories in firms. One, ransomware is malicious software that extorts sensitive data. It is mostly sent in the form of emails. Secondly, data leakage is another risk, and therefore having strong passwords is essential for mitigating the risk. Thirdly, hacking is a very dominating cybercrime affecting business information. Therefore, implementing cybersecurity strategies is crucial for reducing the impacts of cybercrime.
Read more on top cyber risks categories in organizations at
THE IMPACTS OF CYBER CRIMES IN ORGANIZATIONS
Several cyber risk categories affect organizations. Research shows that cybercrime activities have risen by over 67% over the last five years. Perpetrators target both large and small businesses with the same ferocity. Large companies have better mitigation strategies for cybercrimes as compared to small businesses. The impact of cybercrime in organizations depicts in the following ways. It changes the way companies conduct their businesses by limiting the storage of sensitive information on servers. This is because they fear unauthorized access and misuse of their data. Secondly, companies that experience cyberattacks not only lose crucial information but also experience a decline in business. Consequently, their competitors surpass them in industry. Moreover, cyberattacks lead to massive monetary losses when trying to regain their original positions before the attacks.
Read more on the impacts of cybercrimes in organizations at
Additional attachments
>> Download >> Download >> Download >> Download
