Cybersecurity should be a top priority for today's businesses. Here are some sobering statistics from IBM’s Cost of a Data Breach Report 2021:
- Among the respondents surveyed, data breaches cost an average of $4.24 million, where cost includes, but is not limited to:
- Lost revenue due to unavailability of IT system during a cyberattack
- Lost customers
- Cost of acquiring new customers
- Cost of recovering systems and data
- Regulatory penalties and fines
- It takes organizations an average of 287 days to identify and contain a data breach.
The same report also showed that 20% of data breaches were due to compromised account credentials, and that the average cost of those breaches increases to $4.37 million. This proves that cybersecurity isn't solely on the company's IT department, but it also has a lot to do with the users themselves and their behavior.
Furthermore, utilizing a zero trust security approach reduces average breach cost by $1.76 million. Zero trust is a strategy that assumes that users are security vulnerabilities and therefore have their network access limited to just what they need to do their tasks. Limiting the scope of their access clearly also limits the breadth — and the cost — of a data breach. But what if instead of deeming everyone in your organization as vulnerabilities, they can be turned into cybersecurity assets? Herein lies the importance of cybersecurity training.
What if instead of deeming everyone in your organization as vulnerabilities, they can be turned into cybersecurity assets? Herein lies the importance of cybersecurity training.
Cybersecurity training helps prevent breaches from happening
Imagine everyone in your staff being able to recognize phishing and business email compromise campaigns. That means cybercriminals will have less chances of stealing account credentials for their data theft exploits — and your organization will save itself over $4 million in data breach costs.
Further reading: Data Breaches: A Definitive Guide for Business Owners
Cybersecurity training helps build a culture of security
When cybersecurity training is included in the onboarding process and is continued throughout employees’ tenure, fulfilling security protocols becomes second nature to people. For instance, when they fulfill multifactor authentication requirements or use virtual private networks while on public Wi-Fi, they’ll know why they’re doing so and not give it a second thought.
Cybersecurity training teaches staff how to handle cyberattacks
Many people don’t know that they must report phishing emails to the IT department, much less know what to do when a full-fledged attack like a ransomware campaign unfolds. Cybersecurity training gives staff the skills they need to properly respond to cyberthreats.
Cybersecurity training helps organizations comply with data regulations
While data regulations compliance is deemed to be doing the bare minimum when it comes to securing data, compliance is a result one can reasonably expect from training. Furthermore, compliance means not having to pay penalties and fines.
Cybersecurity training helps staff keep their personal accounts safe as well
Beyond helping secure the organization, training also helps employees in their personal lives — which may be good for the organization as well. For instance, employees will gain more confidence using digital services like online banking and won’t have to take time off work for bank runs.
Consider also that if staff are distracted by cybersecurity incidents in their personal lives, then they’ll likely be less productive on the job. Naturally, they’ll want to resolve their issues first or else risk losing their savings and other fruits of their labors. All in all, less troubled employees likely means better performing ones.
How do you implement cybersecurity training?
You won’t ever need to worry about cybersecurity training because our IT specialists at Athens Micro can implement and manage this for you. In addition to teaching everyone in your organization about cybersecurity best practices, we use tools like KnowBe4 to launch simulations of phishing. To learn more about our cybersecurity training services, send us a message or call us toll-free at 1-866-262-4461.
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