All over the world, where ever the internet is used, governments and organizations are playing an essential role in creating the best defense there is possible to secure their organizations and their devices from any external threats. One of the main concerns of all IT professionals is the fact that ransomware attackers move data from one place to another within a few minutes. There are no borders when it comes to cybercrime.
Many companies have lost their data, which has resulted in the loss of their customers, reputation, business, and money.
In the past, cybersecurity was not a big issue for organizations, but as time has passed, it has taken over the internet and breached many laws and regulations. The law enforcement agencies have proposed many laws and amendments for business owners to implement in their businesses. It is crucial to understand the laws in detail.
The federal laws have stated that the companies that fall under the cybersecurity law should abide by the law, and if they fail to do so, they will be fined. Hence, if they fail to do so and become victims of the cyberattack, it becomes difficult to track down the attacker.
Security measures like antiviruses, firewalls, intrusion detections, prevention systems, and login passwords, all are essential to keep a system intact. It is crucial for healthcare organizations, financial institutions, and federal agencies to be cautious of any cyber threat.
Besides maintaining a proper cybersecurity defense, governments are planning to criminalize cybercrime. In 2011, US President Barrack Obama had proposed a CYBERSECURITY LEGISLATIVE PLAN. Many other countries, like the European Union, India, and Japan, have initiated in keeping their companies safe by introducing effective software that safeguards the system and keeps the files intact.
In many countries, companies are required to inform their customers in case of a cybersecurity breach, especially when the victim is a hospital or police station. If they fail to do so and lose confidential data, they are subjected to fines and penalties. The fines range from $50 to $50000 per file lost.
You must be wondering at this stage why the penalties are so harsh. But to be exact, if the law enforcement agencies did not implement heavy fines, many companies would not take serious action when setting up their cyber walls. They must look into proper training of the staff, sophisticated and effective antivirus software and a robust firewall to make sure that the system that contains very sensitive data is not breached that easily by an outsider. The IT department also has to keep the computer network within the company clean and worm free.
Nevertheless, it is not that the law enforcement agencies keep implementing fines, but it also fines the offenders heavily as they fail to come up to the level of the agencies’ laws. These laws are passed in the senates to protect the user from any malicious threat and loss of data.