The ransomware industry is exploding, an unearthed pot of gold for cyber attackers. Often, if not everyday one can find a story or an article related to a new occurring ransomware attack. For cybercriminals, ransomware is a lucrative prospect, easily accessible and with a relatively low risk. By the same token, it is a hellish nightmare for CEOs; offline networks, lost productivity and other bureaucratic issues.
Despite organizations’ readiness to embrace cloud and awareness of the risks, too many are too slow to recover from data loss. For example, research from Everbridge finds that organizations take an average of 27 minutes to rally the right team of experts once they declare an incident, and those minutes add up quickly in direct costs to the business. With unplanned IT downtime costing $8,662 per minute on average, companies today are spending an average of $233,874 just to get the right team in place and begin recovery efforts.
They always say teach by example. I find that the IT Profession is one of those professions where business examples are not necessarily followed personally by associates. The biggest example of this would be safeguarding personal data. You all know who you are!
Nowadays, the issue of proper cybersecurity has become increasingly relevant. The number of cyberattacks rises every year and it’s getting pretty hard for businesses, even as big as Microsoft, to protect the data from being attacked by a virus. Therefore, business cybersecurity is a must.
Over the past decade, the cybersecurity market has exploded, and growth remains brisk. Cybersecurity Ventures expects that the cybersecurity spending globally will reach $1 trillion by 2021, up from an estimated $120 billion this year.
Despite this increased spending on security products and services, when it comes to protecting their digital infrastructure, organizations are struggling to stay ahead of the bad guys. One reason is a lack of due diligence when evaluating new vendors and their offerings.
Your identity is as dearest to you as your life. It is what empowers you to make connections, engage in social engagements, request credit loans, apply for lucrative job opportunities, create online bank accounts, and more.
During your travels, it is easy to become so preoccupied with sharing your travel stories online that you forget to protect yourself against cyber threats. When it comes to cybersecurity, most people associate it with safe cyber practices at home, but practicing safe online behavior is just as important when you’re traveling.