IB Business Management Topic 5.9.3 Cybersecurity and Cybercrime Revision Notes (HL)

IB Business Management Topic 5.9.3 Cybersecurity and Cybercrime Revision Notes (HL) | RevisionDojo

Written by official IB examiners

Protecting Digital Assets

Consider the consequences of a company losing access to all its customer data overnight due to a cyberattack.
Lost revenue, reputational damage, legal penalties, and operational shutdowns.
In today’s digital economy, cybersecurity is no longer optional.

Cybercrime can cripple businesses, leading to financial losses, legal consequences, and a loss of customer trust.

Cybersecurity: Safeguarding Digital Systems

Definition

Cybersecurity

Cybersecurity refers to the practices and technologies used to protect networks, systems, and data from unauthorized access or attacks.

Key Components of Cybersecurity

Prevention: Blocking threats before they occur.
Detection: Identifying attacks in real time.
Response: Minimizing damage and restoring

Tip

Think of cybersecurity as a layered defense.
No single solution is foolproof, so combining multiple strategies is essential.

Common Cybersecurity Practices

Firewalls: Act as barriers between a trusted network and untrusted networks.
Encryption: Protects data by converting it into unreadable code without the correct key.

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit.

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Protecting Digital Assets

Consider the consequences of a company losing access to all its customer data overnight due to a cyberattack.
Lost revenue, reputational damage, legal penalties, and operational shutdowns.
In today’s digital economy, cybersecurity is no longer optional.

Cybercrime can cripple businesses, leading to financial losses, legal consequences, and a loss of customer trust.

Cybersecurity: Safeguarding Digital Systems

Definition

Cybersecurity

Cybersecurity refers to the practices and technologies used to protect networks, systems, and data from unauthorized access or attacks.

Key Components of Cybersecurity

Prevention: Blocking threats before they occur.
Detection: Identifying attacks in real time.
Response: Minimizing damage and restoring

Tip

Think of cybersecurity as a layered defense.
No single solution is foolproof, so combining multiple strategies is essential.

Common Cybersecurity Practices

Firewalls: Act as barriers between a trusted network and untrusted networks.
Encryption: Protects data by converting it into unreadable code without the correct key.

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

IB Business Management 5.9.3 Cybersecurity and Cybercrime Notes

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

Protecting Digital Assets

Cybersecurity: Safeguarding Digital Systems

Key Components of Cybersecurity

Common Cybersecurity Practices

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

Protecting Digital Assets

Cybersecurity: Safeguarding Digital Systems

Key Components of Cybersecurity

Common Cybersecurity Practices

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account