As per Cybersecurity Ventures, cybercrime will cost the global economy $10.5 trillion per year by 2025, an increase from $3 trillion in 2015. With these staggering numbers, it's evident that an effective approach to cybersecurity management is no longer an option; it's mandatory. This blog will examine how to best protect your data as a business and explain how Tekkis can assist you in staying ahead of technological advancements. Best Practices for Effective Cybersecurity Management 1. Conduct Regular Risk Assessments One of the fundamental elements of a successful cybersecurity strategy is conducting periodic risk assessments. These assessments assist in identifying vulnerabilities in the infrastructure of your business and allow you to fix vulnerabilities before they can be exploited by criminals. A risk assessment usually involves reviewing the security of your network by identifying sensitive data and analyzing the consequences of various cyber-attacks.