Technology has forever changed the way that we work. With the ease that computer software allows, productivity and connectivity have never been higher or more profitable in the business world. We can now work from any device, in any location, with anyone who has a stable Internet connection. While the benefits of working with tech are innumerable, it doesn’t come without its risks. Cyber threats are growing more sophisticated all the time, and 2016 will bring even more hacking scandals and attempts at data breaching.
Today’s companies need to place these security risks on par with their other top priorities in order to keep their data safe and private. Here’s why.
Hackers Are Targeting Higher-Ups
Hackers and cyber attackers have increasingly been targeting high profile companies and organizations, with a focus on those at the top. After all, it doesn’t make sense to target an intern with very little access to the company’s important data—cyber criminals want as much info and to do as much damage as they can in a short, discreet amount of time. Targeting top tier employees of the company with malicious phishing attempts and undetectable malware can leave even the best-staffed companies decimated for undetermined amounts of time. If these companies don’t prioritize IT security within their ranks, it could mean an embarrassing scandal at the expense of their higher-ups.
Data Breaches Are Costlier Than Ever
The 2015 Cost of Data Breach Study from IBM and the Ponemon Institute has recently reported that the average cost of a data breach is at $3.79 million, which is an increase of 23% in total cost since 2013. The report also states that there is growing concern about damages to reputation, class action lawsuits and costly downtime that has resulted in businesses beginning to prioritize cyber security in the upcoming year. With these massive data breaches being broadcasted on the news and the actual dollar amount becoming known, businesses can no longer afford to be lax on their IT security.
Education Is Key
In order for it to work efficiently, cyber security needs to be deeply embedded in company culture. The simplest of actions from a single individual can be the difference between a secure workplace and a compromised one, and business owners have only just begun to catch onto this. Building an organization where IT security informs employees’ interactions with their technology goes a very long way in safeguarding yourself from malicious cyber attacks. Educating your staff about what sort of attachments shouldn’t be opened, how to tell the difference between legitimate inquires and a spear phishing attempt, and what malware to look out for can help lower your risks of a cyber security breach.
Third-Party Data Storage Systems Could Leave You Exposed
Third-party data storage systems like cloud computing are slowly becoming the norm—making life easier for businesses and individuals around the world. Being able to share your resources easily with others in your office is an incredible advantage that has begun to save us so much time, but it also means that your data could be at risk. Cloud computing services and storage solutions could pose a threat for data leakage, the exposure of sensitive information, and hyperjacking. Hiring an IT security expert to manage your storage systems could help your business prevent these serious privacy violations before they happen.