Network security or cyber security safeguards computer networks from unauthorized access or attacks. It is vital for internet users, particularly businesses storing sensitive data. Network security can help prevent data breaches, identity theft and financial loss. The process includes identifying security threats, implementing protective measures, regular updates and training employees in network security best practices. An example is the 2017 Equifax data breach that exposed personal information of millions, which could have been prevented with regular updates and security audits.
“An Expensive Problem”: Cracking the Cyber Insurance Conundrum
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has
