7 Industries Where Cybersecurity Is Used 2024

Due to historically high levels of virtual dangers, cybersecurity is more crucial than ever and should be a focus for every business that operates online or uses third-party digital services. Companies in every industry must take precautions against cybercrime ‒ for example, by implementing SOC as a service.

Security should be a top priority in select certain industries. These sectors are most vulnerable to cyberattacks, which have the potential to cause million-dollar losses.

Why the Need for Cybersecurity Measures Is High?

Every business you can see today implements digital decisions ‒ one way or another. From CRMs in the sales department to complex databases, all things digital must be protected in order to not jeopardize the stability and reputation of the business.

Moreover, different kinds of cyberattacks can be launched at any business for many reasons ‒ to retrieve and expose sensitive information, steal money, or simply destroy the company or its reputation.

This is why cybersecurity measures should be implemented in any kind of business regardless of its scale. Companies like h-x.technology provide complex solutions to strengthen the digital guard of businesses.

7 Industries that Utilize Cybersecurity

Source: onlinedegrees.sandiego.edu

You can already pick a few great examples of industries implementing the best cybersecurity measures:

  1. Industrial industry. Although it’s not the usual target for hackers and other cybercriminals, the impact a single breach can make on a supply chain is horrendous. This is also where the big importance of the human factor lies ‒ in an industry not so frequently targeted for cyber attacks, regular workers might now know the basics of cybersecurity. This is why many companies in this industry hire cybersecurity teams to implement the best defense strategies and educate employees.
  2. Automotive industry. Similar to the industrial one, automotive is not a common target. Nevertheless, even the smallest sabotage of security systems can evolve into jeopardizing the manufacturing and, as a consequence, the quality of the product. Not to mention the huge competition in this industry ‒ a single data leak can lead to failed sales.
  3. Banks and FinTech industry. Now, this is where cybercrimes happen very often ‒ and even more frequently in the post-pandemic world. Among other things, money should have the highest levels of protection, especially when it comes to e-banking and online financial services (including payment processing). This is where cybersecurity should be non-penetrative, no matter how many user verifications approaches it has to combine.
  4. Telecom. We live in a world where any disruption in the Internet or cellular connection can cause chaos, not to mention put sensitive data at risk. Telecom business is very serious about protecting users’ data ‒ it’s a matter of confidentiality and privacy, after all.
  5. SaaS and IT product companies. Software as a service and product IT companies already know a lot about the importance of cybersecurity. To launch successful products and make them safe for users, extra measures can be taken.
  6. Web3 and blockchain. Just like with FinTech, the blockchain industry depends on security protocols. Although the very technology is considered to be highly secure, crypto transactions can potentially be intercepted, and accounts on exchange platforms can be hacked. This is why crypto exchange platforms and other businesses that rely on blockchain have strict cybersecurity protocols to follow.
  7. E-commerce industry. E-commerce businesses need to have excellent cybersecurity. Cybercrimes increased along with the growth of internet purchasing. Checkout security, two-factor authentication, safe data storage, and other procedures that prioritize protecting consumer information are ways that e-commerce companies can defend their consumers from cyber attacks and personal data leaks.

Source: techrepublic.com

Healthcare, logistics, military ‒ any industry you can think of needs a certain level of data protection. Some information is simply private, some data can impose global threats if exposed ‒ no matter the scale, cybersecurity should be a priority for every business in every industry. Third party risk management tools and services like those from Prevalent help companies minimize data breaches to keep information secure.