The world is at a point where cyber security needs to be front and center for any company that wants to survive. Cybersecurity can be looked at as the new race, in which there are clear winners and losers. Jokaroom has been the leader in the gambling market since 2019 when it introduced its platform to real money players. They adhere to the highest standard for the protection and safety of its consumers. Other Australian casinos have fallen behind Jokaroom because of their business model — they didn’t focus on studies and research in cyber defence.
In today’s society, cyber protection is a major concern for companies and governments alike. In order to secure their data and information from hackers, these entities are increasingly investing in cybersecurity to guard against the rising number of cyberattacks.
Cyber Security is a Growing Sector
It’s a growing sector. Cyber defence professionals work to protect digital information, assets, and communications from unauthorized access or use. They may be involved in monitoring software and systems for any breaches that could put confidential data at risk, as well as developing programs to prevent those breaches from happening. The global cyber defence market has seen robust growth over the last few years with demand driven by increasing awareness of data risks and threats.
Cyber Defence in Gambling, Banking, & Healthcare
Also cyber defence is an increasing concern for key market players, such as banks, casinos and healthcare organizations as they become more reliant on digital assets. Cyberattacks pose a risk not only to the company but also to the products that are manufactured.
Increasing implementation of enterprise safety solutions in gambling, manufacturing, banking, finance, and healthcare is expected to facilitate market development. The market winners are looking for new ways to strengthen customer authentication methods by implementing the latest technologies like AI, machine learning, IOT devices into their networks.
Cyber Protection Trends for 2024
The future of cyber protection is an ever-changing field, and it’s difficult to predict what might happen in the next 10 years. However, some trends seem likely to be significant moving forward.
The first trend is that the attack surface is going to expand and so there will be more areas where an attacker can find vulnerabilities in software. Protection of identification systems will also be key because attacks on these systems have become easier with advances in technology. Risk in the delivery of software has increased too as people download new updates without being aware that they are running malware or allowing third parties to access their data.
In 2024, it will be increasingly important for entrepreneurs and governments alike to assure that they are under protection across all spheres. This will also include: expanding the attack surface with BYOD; protecting identification systems such as social media accounts; risks in delivery of software updates or even through IoT devices; consolidation of suppliers.
Which Businesses Are the Weakest?
As the saying goes, “there’s no such thing as a small business.” But in today’s world of cyberattacks and digital security breaches, there are businesses that are just more vulnerable than others. According to the US National Cyber Security Alliance, 60% of small businesses that suffer a cyberattack go out of business within half a year.
The average cost of a cyberattack to small businesses is $5.4 million, which includes damage and lost revenue as well as the costs for recovery. The most common form of cyberattack on small businesses are ransomware attacks, where hackers encrypt company data until they’re paid off with ransom money. It’s easy to assume that larger corporations would be more at risk than smaller ones because they have more valuable information; however, while this is true, it’s also easier for them to hire professionals in the sector.
In conclusion
There are a lot of things to consider when running your own business, but one that many overlook is cyber security. In the digital age, cyber attacks are becoming more and more common for small businesses. There’s been a reported 60% chance of failure for those who have suffered from a breach.
