Merely mitigating external cybersecurity threats isn’t enough to fight cybercrime in today’s ever-evolving threat landscape. Although insider threats can be just as devastating as their external counterparts, most businesses fail to track and manage insider threats adequately.
Global data protection regulations (new or updated) are being enforced aggressively, resulting in a tsunami of hefty fines and penalties handed out to violators. The majority of these violations are a result of the failure to conduct regular risk assessments, which form an integral part of the ‘appropriate measures’ a business must take to ensure information security.
The COVID-19 pandemic has changed everything about the world as we know it. Just as we started embracing new practices like sanitizing, social distancing and remote working, the pandemic has also forced us to embrace systemic changes in the ways we deal with cyberthreats.
Over the last year, many organizations struggled to keep their private data secure against cyberthreats as they rushed to adapt to pandemic-inspired shifts in workforce and operations. Cybercrime is becoming increasingly prevalent, and the sophistication and volume of cyberattacks is escalating as well.
As the business world becomes increasingly digitized, you’ll have to tackle several dangers that come with doing business online. Cybercriminals nowadays have several methods to target organizations, from credential hacks to sophisticated ransomware attacks.
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As the world becomes more digitized and cybercrime increases, the need for cyber insurance is something businesses should not overlook. If your company handles, transmits or stores sensitive data, you need to know about cyber insurance.
Cyber insurance is intended to protect businesses from the monetary losses arising from a cyber incident that could jeopardize their future.
There are two types of people…which one are you?
The frustrated, constant updater: You find yourself having to constantly click on “Forgot My Password” and verify your account, check your texts, scan a finger (give a pint of blood…maybe not that one) so you can reset your password.
Today with cyberattacks surging due to widespread remote work and increased online interactions during the pandemic, it seems likely that this trend will only continue to grow further.
To give some statistics about 85% of breaches involved a human element in 2021. Additionally, 36% of breaches involved phishing attacks while ransomware attacks contributed to 10% of attacks.
Rapid technological advancement and rising global connectivity are reshaping the way the world is functioning. From higher productivity to improved customer satisfaction, technology has played a critical role in the growth of businesses across the world.
