Cyber attacks are a major problem for businesses today, resulting in billions of dollars in losses and damages. Millions of customers also have their personal information compromised during these attacks. This has caused businesses to make cybersecurity a top priority. While every industry is susceptible to cyber attacks, the industries below have a more critical need for cybersecurity.
It's no secret that today's common e-commerce business is an enormous industry that will continue to grow in the future. Many Americans shop online regularly and depend on it for a variety of goods and services. This means that millions of consumers have very important financial and personal information stored online that is susceptible to being compromised by hackers. Because of numerous recent high-profile e-commerce data breaches, online retailers have made efforts to improve their cybersecurity. Amazon is partnering with Bank of America for its merchant lending program. This new venture will require a new focus on cybersecurity vulnerabilities.
The transportation system is susceptible to attacks for financial and customer data. Like the industries above, GlobalSign reports that this has resulted in billions of dollars in losses and identity thefts. In addition, some attacks focus on this industry simply to create mass chaos. This can have catastrophic results.
According to The George Washington University, physicians depend heavily on technology for patient databases and records. While this can improve patient care and overall efficiency, it can make critical patient medical and financial information susceptible to hacking. The healthcare industry has been the subject of numerous cyber attacks in recent years. These attacks have resulted in enormous financial losses for the industry and patients. In addition, patient information was compromised, leading to possible identity theft. This is why cybersecurity should be a top priority in the healthcare industry.
In 2015, the United States government was attacked, resulting in millions of employee records being compromised to include fingerprints, social security numbers, and birthplaces. These attacks extend well beyond the United States to basically every nation across the globe. Government systems have enormous amounts of sensitive data, which is enticing to hackers. The latest in cybersecurity technology must be used to protect these databases.
Cyber attacks are on the rise, and this trend is likely to continue in the future. The cornerstone industries above are a few of the primary targets for these attacks. This is why cybersecurity should be of utmost importance in these industries.
Justus Daniel Eapen is a policy level Organizational Transformation Consultant with over 25 years experience in Banking & Government.