In today's world, cybercrime is one of the biggest business challenges. There are two major problems which may arise during the attack, firstly the company might fail to predict the potential cyber threats and secondly, what will be the possible solutions they can adopt during the attack. The situation might lead to worse conditions if a business community wants to stay reluctant during the attack. In a recent survey, it was found that companies are keeping quiet, even though half (49%) of attacks have resulted in the interruption of business operations. It was also revealed that while as much as nine in 10 (91%) of U.K. business leaders say that cyber security is clearly important, only 57% have a formal strategy in place to protect themselves and just one-fifth (20%) hold insurance against an attack. It can only be avoided by strong firewall, community supports, measures for intellectual data transfer, and incorporating cutting edge technology for good governance.