It’s a moment every business owner dreads. A message appears on your organization’s computer screen alerting you that your files have been encrypted and the only way to access them is by paying a ransom. Security threats to computers and mobile phones have grown more sophisticated around the globe in the past few years.

Imagine you are on your personal or work computer, and you receive a seemingly innocuous email from a trusted source, such as your bank, your tax office, or even a friend. The source asks you to download a file to update important account information. But, when you click on it, your most important files become encrypted and you are threatened you will lose them unless you pay a sizable sum to get them back!

New technology trends pose new security threats to businesses. CompTIA reports that 64% of companies report a “drastic or moderate” change to their security approach. In their survey, more than half of businesses recognize opportunities within their organization for security improvement.

According to a report by CompTia, 28% of businesses view security as a significantly higher priority today compared to two years ago, and an even greater percentage of businesses expect the importance of security to rise in the next two years. The study also revealed that while many companies assumed a satisfactory level of security, they did not fully comprehend their exposure to potential security threats.

While cloud security concerns are top of mind with many business owners, the benefits of the cloud far outweigh the risks. Nevertheless, as companies deploy cloud computing, taking cloud security seriously will ensure a smooth transition to the cloud.