Don’t let lax cybersecurity planning destroy your organization. According to a recent study, the average cost of cybercrime for an organization has increased by $1.4 million over the last year to $13.0 million.
Why is this happening? Because in today’s computerized world, new cybersecurity risks emerge every hour of every day. Just connecting to the internet opens up the possibility of a hacker targeting your organization.
Cybercrime has long since become big business and cyber risk should be a prime focus of organizations and governments globally. Monetary as well as reputational risks are high if organizations don’t have an appropriate cybersecurity plan.
There are several primary means by which cybersecurity issues can affect (or even destroy) an organization and its reputation.
For example, there is the risk that a cybercriminal might obtain sensitive information such as bank account or credit cards details, which can then be sold to markets on the “dark web.”
If others access such sensitive information, the organization might find its banking or credit card facilities withdrawn or in breach of privacy laws. Each month high-profile security breaches impacting individual data are reported globally.
A second but related issue is that when a hacker obtains sensitive information about the organization it may find its reputation ruined. Few small organizations can survive the damage to its reputation that such lost data might cause.
Many experts in this field believe the damage to reputation and goodwill might be more crippling than the actual data loss itself. Additionally, loss of customer data may result in legal or regulatory action against the organization. A third party might file a suit against an organization as they have themselves incurred a loss.
Organizations might also be subject to significant penalties and/or legal action arising from breaches of the privacy laws in many jurisdictions.
Obviously, it’s never been more important for organizations to take cybersecurity seriously and become aware of all the intricacies that make up an effective plan to deflect the efforts of cybercriminals.
A cybersecurity plan can encompass a body of technologies, processes, structures, and practices used to protect networks, computers, programs, and data from unauthorized access or damage.
The goal of any cybersecurity strategy is to ensure confidentiality, data integrity, and availability.
Tonex can help.
Cybersecurity Training Courses by Tonex
Learn much more and receive the invaluable training your company, organization or agency needs to help protect assets and data. Tonex offers nearly three dozen courses in Cybersecurity Foundation. This includes cutting edge courses like:
—Automotive Cybersecurity Training (3 days)
—Disaster Recovery and Business Continuity Training (2 days)
—Network Security Training (2 days)
—Software Security Training (2 days)
—ICS Cybersecurity Training (4 days)
For more information, questions, comments, contact us.