The importance of the cybersecurity field in business
As the world and businesses delve into digitization, cybercrime sets an increasing alarm with devasting consequences. Coupled with the hard-hitting news on cyberwarfare, cyberterrorism and cyber extortionists targeting companies from small to medium enterprises, to big organizations, it is therefore significantly essential that cybersecurity be adopted and practiced in every aspect of businesses.
Cybersecurity is a continuously changing field, with the development of technologies that open up new avenues for cyber-attacks and cyber threats which take many forms, including malware, ransomware, social engineering and, most commonly, phishing. The field is becoming more important due to increased reliance on computer systems, the Internet
and wireless network standards such as Bluetooth and Wi-Fi, and due to the growth of “smart” devices, including smartphones, televisions, and the various devices that constitute the “Internet of Things“.
As technologies change and evolve, employees, individuals, organizations and businesses should implement cybersecurity tools in everything that pertains to protecting our sensitive data— including personally identifiable information (PII), protected health information (PHI), intellectual property data, and governmental and industry information systems—from theft and damage attempted by cyber criminals and adversaries. Given the frequency, magnitude and cost of cybersecurity incidents, it is important for businesses to:
• Understand the impact of cybersecurity risks on various business processes and financial reporting
• Ensure controls and procedures are developed to identify and address cybersecurity risks;
• Ensure cybersecurity controls are regularly reviewed and kept up to date; and
• Ensure procedures are in place to provide timely updates to investors about material cybersecurity issues.
Midstar is rising to the challenge and adopting cybersecurity measures to safeguard all parties in the business equation. Midstar’s operational procedures champion due diligence and legal trading operational and financial compliance. Midstar works via approved KYC and in close coordination with international banks, seamlessly making and approving payments through online logins, mitigating risks through and password protection with enhanced security QR code images.
Cybercrime is a great threat to every entity
CYBERSECURITY, PROTECTS COMPANY INTERESTS