When it comes to researching hosting providers for your company it can be quite tricky to try to narrow down which one is best for you. Cybersecurity is more demanding than ever, with companies in need to fight off any malware or hackers that will try to break the system. But how do you know if the cybersecurity package you have is suitable for you?

Why is cybersecurity so expensive?

Due to the high demand, it has for businesses operating online, there are risks that can come with that. Cybersecurity meant to protect the business in many ways, such as protection on its reputation of trust with clients, eradicating any risks of viruses or hackers and maintaining a fast speed for page loading. It is rather expensive - and according to the White House, the government collaborates with the private sector on cybersecurity.

There are many companies that sell cybersecurity and have seen this as an opportunity to grow in the market and earn profit for selling an attractive package that is also a necessity to customers. However, there are cheap hosting providers such as Godaddy that sell their services for a cheap price; but it comes with consequences. Godaddy has come under fire with their lack of credibility as a company. Many WordPress websites have ended up having to fight off hackers, due to the lack of protection that Godaddy initially promised. Not only that, but they also have been caught to sell packages for a cheap price, but to secretly increase costs for security and fast loading pages.

How can I choose the right web hosting provider?

First, it's important to do extensive research and look into the web hosting provider that you're planning on using. Many analysts such as Adriaan Brits and his team on Sitetrail have looked into the best web hosting providers and feel confident with the cybersecurity that they use. They have selected web hosting providers carefully, by looking at desirable qualities as a company and by having an expert on how web hosting works. Using good web hosting software is very important and can actually save you financially.

How much does Penetration testing cost?

Penetration testing is a simulated cyber attack in order to test the vulnerability of your computer and how it can combat the cyber attack. It is now one of the most expensive tests out there, due to its ever-growing market of online security. Penetration testing can cost anywhere between $2,000 - $9,000, depending on which company and package you choose. Most web hosting services do not publish the cost for their test, which means it's important to look out for these hidden costs.

How is cybersecurity affecting the global economy?

Online businesses are sprouting online daily, meaning that there is more cybercrime than ever. It is estimated by 2021, cybercriminals will be costly to track down, costing the global economy $6 trillion. In 2015, it cost the global economy $3 trillion to fight cybercriminals. In 2018, over 43% of businesses in the U.S suffered from cyber criminality, due to the lack of good cybersecurity software. It was estimated that by the end of 2019, the cybersecurity market was worth over $120 billion. This goes to show how important it is to research and look into a good web hosting provider that can protect you. Cyber attacks are causing many financial losses for companies globally, thus making it expensive for the global economy to handle. It is predicted that matters will only get worse with cyber attacks and the cybersecurity company will continue to boom.