Gone are the days of simple firewalls and antivirus software being an organization’s first line of defense to protect sensitive data.
Cybersecurity risk is increasing, driven by global connectivity and usage of cloud services to store sensitive data and personal information. This paired with increasingly sophisticated cybercriminals means the risks suffered from a successful data breach or cyberattack could put your organization into a tailspin that’s impossible to recover from.
Cybersecurity is the state or process of protecting and recovering computer systems, networks, devices, and programs from cybercriminals who are constantly deploying new methods of attack powered by social engineering and artificial intelligence to circumvent traditional security controls.
Needless to say, an organization’s cybersecurity efficiency has never been more crucial.
According to one prominent study, the average cost of cybercrime for an organization has increased by $1.4 million over the last year to $13.0 million and the average number of data breaches rose by 11% to 145.
Information theft is the most expensive and fastest growing segment of cybercrime — largely driven by the increasing exposure of identity information to the web via cloud services. But it is not the only target. Industrial controls that manage power grids and other infrastructure can be disrupted or destroyed.
Cybercriminals are becoming more sophisticated, changing what they target, how they affect organizations and their methods of attack for different security systems.
Research shows that social engineering remains the easiest form of cyberattack with ransomware, phishing and spyware being the easiest form of entry.
Third-party and fourth-party vendors who process your data and have poor cybersecurity practices are another common attack vector, making vendor risk management and third-party risk management all the more important.
Besides monetary loss, a lack of focus on cybersecurity can damage a business in reputational costs, resulting in:
- Loss of consumer trust
- Loss of current and future customers to competitors
- Damaging media coverage
Then there’s regulatory fallout. GDPR and other data breach laws mean that your organization could suffer from regulatory fines or sanctions as a result of cybercrimes.
It’s a lot to process, but effective cybersecurity modalities are absolutely imperative.
We at Tonex can help. Tonex offers nearly four dozen different Cybersecurity Training Courses, Seminars and Workshops in areas that include Cybersecurity Foundation, IoT Security, Risk Management Framework Training and Wireless Security Training.
All our cybersecurity training courses are led by world class instructors with actual experience in their areas of specialization.
Tonex can also help your organization by tailoring a course to your specifications. Just let us know what you need.
For more information, questions, comments, contact us.
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