In the modern world, most businesses and people have an online presence. Because most commerce and communication are done online. Therefore, online identity is very essential and valuable.
Since, this identity is valuable it needs to be protected from criminals who want to exploit it. This is why cyber security is important.
Before we go further in the course, let us watch the video below to see different ways companies have been exploited by criminals online.
According to SA Banking Risk Information Centre, South Africa loses $157m annually to cyber crime. Cyber security experts believe cyber crime will cost the world $10.5 trillion USD annually by 2025 (source).
That is a lot of money!! This is why cyber security should be taken seriously by every organisation.