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Strong Cybersecurity Helps Build a More Sustainable Future

Cybersecurity is not just about preventing attacks; it’s about enabling a secure, stable, and sustainable future.

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In our increasingly digital world, technology touches nearly every aspect of our lives. From the smartphones we use to communicate to the smart grids that manage our energy consumption, technology has transformed how we live, work, and interact. And if we want to build a more sustainable future, it’s important to prioritize cybersecurity. For example, new technology will be required to meet sustainability goals like advancing renewable energy. Unfortunately, as we become more dependent on this technology, we also become more vulnerable to cyber threats.

Taking cybersecurity seriously is essential not just for protecting information but also for building a sustainable future.

The Sustainability-Technology Connection

Sustainability is about meeting current needs without compromising the ability of future generations to meet theirs. Technology plays a pivotal role in achieving this balance.

For example, smart grids improve energy efficiency. Renewable energy, such as wind and solar, rely on sophisticated software for monitoring and optimization. These advancements help reduce waste, lower emissions, and conserve resources, driving us toward a more sustainable future.

However, these technologies are only effective if they are secure. A cyber breach or failure in these systems not only jeopardizes their functionality but also can undermine the strategy built around them.

How Cybersecurity Affects Future Sustainability

To build a more sustainable future, individuals, organizations, and governments must all work to protect the security of data networks and technology systems. Here’s a look at four important components of sustainability that depend on cybersecurity, and how Forbright Bank is contributing to each.

  • Environmental Technologies. Many of the technologies that promote environmental sustainability depend on digital systems. For instance, smart grids optimize energy use and reduce waste, and environmental monitoring systems track pollution levels and climate changes.
    Environmental tech systems like these rely on accurate data and secure operations to function effectively. Keeping them secure allows the systems to operate correctly, helping advance sustainable practices and address environmental challenges.
  • Personal and Financial Information. As we conduct more activities online, such as shopping, banking, or sharing personal information, cybersecurity is increasingly important. Personal and financial information is valuable to cybercriminals who may use it for identity theft or financial fraud. By securely protecting this information helps prevent such crimes and builds trust in online services.
    When people feel secure about their online activities, they are more likely to engage with digital solutions that support sustainability, such as online banking for reducing paper use or apps that help reduce personal carbon footprints.
    At Forbright Bank, we use secure, cloud-based data storage and follow rigorous security protocols including data encryption and fraud protection to keep customers’ financial and personal information safe.
  • Economic Stability. Cyberattacks can have significant financial repercussions. For example, a ransomware attack can disrupt business operations, leading to financial losses and increased recovery costs. These disruptions can affect supply chains, increase prices for consumers, and lead to job losses.
    By investing in cybersecurity, individuals, businesses, and governments can mitigate these risks and maintain economic stability. A stable economy is critical for supporting long-term sustainability goals, including investments in green technologies and sustainable practices.
    At Forbright Bank, we help our borrowers become more sustainable by offering to finance projects like solar panels or energy efficiency upgrades.
  • Critical Infrastructure. We all rely on electricity grids, water treatment plants, transportation networks, and other infrastructure to continue our way of life. These systems are often controlled and monitored by computer systems connected to the internet. If infrastructure is targeted in a cyberattack, that could lead to severe disruptions – think power outages, water contamination, and transportation failures. Strong cybersecurity measures are important to protect these essential systems from attacks and ensure they continue to function reliably.
    At Forbright Bank, part of our financing helps build more sustainable infrastructure. For instance, in 2023, we helped facilitate more than $150 million in residential solar projects through our subsidiary, Energy Loan Network.

By opening an account with Forbright Bank, our customers are supporting a transition towards a more sustainable future. Learn more about our sustainability goals and progress by reading our 2023 Sustainability Report.

Disclaimer: This article is for general information and education only. It should not be considered financial or tax advice.

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