Every employee in a company uses digital devices and connects to the internet. Similarly, everyone has a part to play in keeping the company’s digital assets safe.
It’s no longer just up to the IT department to keep a company’s network secure. There is simply no way for them to be on top of everything, anyway. Employees are constantly sending texts and emails, visiting websites, and using social media. All of these connections pose a potential threat to the company if hackers find a weak link in the corporate chain. Which could come in the form of a phishing attack, shared malware, compromised passwords, or vulnerable apps and software.
It’s time for everyone to take cybersecurity seriously.
Five Big Reasons to Take Corporate Cybersecurity Seriously
1. Uninformed Employees are Ticking Time Bombs
People are sharing more information digitally than ever before. Most of the time, there are systems in place to prevent the wrong people from getting their hands on this information. But these systems cannot prevent the biggest threat of all: the human factor.
Employee ignorance is still by far the biggest reason for the continued success of cybersecurity attacks. It’s why cybercriminals keep getting away with the same techniques, like phishing, over and over again. Verizon’s data breach report notes that about 4% of employees click on phishing links. Which sounds insignificant but can be a major problem in a large company with thousands of employees.
2. Only Strong Digital Walls Can Keep Cyber Criminals Out
Cybersecurity works a lot like a wall that keeps outsiders from getting to all the valuable stuff on the other side. A strong wall is built up through cybersecurity tools and policies. Any missing “bricks” (tools or policies), employee mistakes, or software vulnerabilities create holes in that wall.
Criminals are always on the lookout for weak spots like unsecured networks, weak passwords, and uninformed employees. There’s no real way to protect against every security threat out there.
But strong walls are much less likely to be breached than those with plenty of easily exploitable holes in them.
3. Ignorance can be Costly
It might seem easier to stick one’s head in the sand and pretend that the threat doesn’t exist. That doesn’t make it go away, however, and ignoring a problem until it becomes a full-blown attack can be devastating. Cyber attacks cost companies an average of $1.1 million USD in 2018. Large enterprises might be able to weather that sort of blow, but it’s still a big setback. Plus the reputational damage can often lead to even bigger losses.
4. Everyone’s a Target. Everyone
Many business owners still think that their business is not a target. Either because the company is in a certain industry, or because they think they’re not big enough to be targeted. All of that is completely untrue, of course. If the broad range of attacks this past couple of years has proven anything – it’s that hackers will target anyone.
5. Prevention is Much Cheaper Than Crisis Management
Educating employees and putting strong security measures in place costs money and time. Which is why a lot of business owners just decide to forego the extra expenditure. But dealing with the fallout of an attack is a hundred times more expensive than taking precautions.
Making Cybersecurity a Priority
Keeping a company’s digital assets secure is an ongoing process, but it’s not as hard as most make it out to be. Here are some basic steps that any business can take to help increase their cyber safety.
– Train Employees: Employees should know what constitutes safe online behaviour and which threats they need to look out for. Every company, no matter its size, needs to have online policies in place.
– Keep Up to Date on Threats: Cybercriminals are constantly coming up with new phishing scams and ways to exploit security vulnerabilities. Some scams are seasonal. Make sure to stay ahead of the pack by keeping those in the company up to date with the threats they’re likely to face.
– Install Security Software: Networks and devices aren’t inherently secure. Extra precautions have to be taken to make sure that hackers are less likely to find a way in. There are the standard things everyone does, but that isn’t enough. Businesses should also look into more advanced tools like email encryption software, multi-factor authentication, and VPNs. As for the latter, there are quite a few different options, so it’s important to find the best VPN (https://play.google.com/store/apps/details?id=com.nordvpn.android&hl=en_GB) for the business’s needs.
– Keep Up With Software Updates: Every piece of installed software can potentially have security vulnerabilities. Developers are constantly finding security holes and patching them with updates to protect against new threats. Those who don’t update their software are opening themselves up for attack. – Create Regular Backups: Avoid losing valuable information in a ransomware attack by backing up important data onto separate physical or cloud drives.
Staying Safe in a Cutthroat World
The corporate landscape may be cutthroat, but it’s got nothing on cybercriminals. They can and will exploit any weakness they can find. That’s why it’s important for companies to make cybersecurity a priority now before it’s too late.
This article has been written by Guy Reed, a cyber security expert and a digital safety enthusiast who loves to explore the latest internet privacy and security news.
The view or information contained within these unedited press releases, are that of the company producing it and not necessary the views of kpm.