Yes, cybersecurity is that important for your organization – and Tonex can help.
If the statistics are correct, the question for most companies is not if they will be a victim of cybercrime, but when. When a company experiences a data breach, the immediate aftermath can be hectic—companies often find that they are scrambling to answer key questions like what information was accessed, who gained access, whether individuals are at risk, and to act quickly to mitigate the damage.
Organizations that are under-prepared for cyber risk, might experience a cyber-attack on the order of what occurred recently to Florida-based software vendor Kaseya, a “managed service provider,” which means it provides IT software to companies that do not have their own tech departments.
Unfortunately for Kaseya, its stockholder and its customers, a criminal hacking enterprise known as REvil targeted IT management companies through a ransomware attack on Kaseya.
Normally, Kaseya provides regular system updates to its customers to ensure the security of its systems. In this case, however, the attackers subverted the safety features and pushed malicious software that infected the customer’s systems.
According to CNN, the attackers requested a ransom of $70 million in exchange for the decryption key. The attack reportedly compromised the data of between 800 and 1,500 companies around the world.
Data breaches such as the one experienced by Kaseya have increased significantly in recent years. According to the FBI’s 2020 Internet Crime Report, the Internet Crime Complaint Center received 791,790 cybercrime complaints in 2020, with reported losses exceeding $4.1 billion.
This record number of complaints represents a 69% increase in total complaints over 2019 alone. What is even more alarming is that experts say that the sophistication of the threats from these cyber-attacks has also significantly increased thanks to the application of emerging technologies such as machine learning, artificial intelligence and 5G.
Besides the breach, companies must also be prepared to comply with the legal obligations to individuals, state attorneys general, and other regulatory bodies in the aftermath of a breach—a task that is often daunting in the midst of an already stressful situation.
Want to learn more about cybersecurity? Tonex offers Cybersecurity Fundamentals, a 2-day course that covers cybersecurity disciplines dealing with real-world use cases and applications transferring technical, management and policy skills to secure information and infrastructure and combat new attacks.
Additionally, Tonex offers nearly three dozen more courses in Cybersecurity Foundation. This includes cutting edge courses like:
For more information, questions, comments, contact us.