Countless businesses large and small have been involved in data breaches over the past year. From Delta to Best Buy, a huge number of big names have made headlines—the majority of these breaches stemming from third-party vendors not doing their security due diligence.
Across industries from healthcare to distribution to manufacturing, companies have started to worry about the devastating effects of cyberattacks and data breaches.
Not only will you have to pay hefty fines or face consequences to whoever is regulating your industry, but you’ll have to answer to clients and deal with eroded trust. The fact is that more than three-quarters of business go out of business within a year of a cyber event.
Be Wary Of Your Business Partnerships!
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From experience I can say that the most destructive disasters come when you aren’t expecting. Before we were able to understand weather patterns, big storms or hurricanes took us by surprise. With little preparation, no one was able to evacuate, protect their homes, or mitigate effects. In many cases, some of the worst natural disasters occurred because we either did not think anything could ever happen that bad or we simply had not taken precautions to confront such possibilities.
While cybersecurity by no means requires the same steps of preparation like a hurricane, cyberattacks can wreak equal if not greater impacts on our businesses if we’re not careful. And like many natural disasters, many of us aren’t prepared or even thinking about preparedness until it’s too late—until the last loaf of bread or gallon of milk is getting fought over in the barren store during the blizzard.
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Remember that old proverb “teach a man to fish”? Well, we had been thinking phishing went the same way for many cybercriminals. Once they learned how to effectively phish users, they’d be set for a good pay day that might provide enough phished users to be set for life.
My thoughts on this have changed…
A new slew of email attacks don’t even depend on you clicking a link! What cybersecurity experts are finding is that email archives is a new and effective way for a criminal to get into your inbox without you even doing anything at all.
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Looking at the numbers, most businesses aren’t prepared and may not be anytime soon. In fact, nearly a third of organizations don’t even have a comprehensive security plan put together in the event of a data breach or cyberattack.
Think about that for a minute. One in three organizations doesn’t even have a solid plan of how to deal with an attack and have no infrastructure in place to protect themselves from a cyberattack.
Of the rest, only 9 percent are fully prepared. What does fully prepared mean?
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I think you can relate to the devastation when you let problems sit too long. Let me give you an example that recently affected someone in my hometown.
Miss Janice was an elementary school teacher in my local school. I distinctly remember her as my favorite teacher ever. She made second grade fun—even for a kid with dyslexia. Everyone loved Miss Janice. No one had a bad word to say of her.
But Miss Janice had some health issues that time and time again she overlooked. On a second grade teacher’s budget, she simply thought “I can’t afford that” or “I’ll take care of it myself” whenever she got sick.
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Despite the fact that Sunday (November 11th) was in fact National Fraud Day, one thing remains clear. Scammers and cyber thieves continue to convince and deceive users into divulging information and handing over hard earned money.
The Numbers Don’t Lie
Nearly half of users—49 percent—admittedly believe their cyber habits leave them and their employers vulnerable to cyberattacks and data breaches. Let me repeat that. 49 % of workers actually are aware that they are not taking the right steps to protect their personal data—or your sensitive business data and network at large—from cyberattacks.
How can that be?
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