Prevalent & evolving threats to your data
Cyber threats are becoming more prevalent in today’s society with the growing number of ways people can get access to information. Not only are these threats becoming more prevalent, they’re also evolving.
Symantec Corporation, a well-known cybersecurity software company with subsidiaries such as Norton, wrote an article on these evolving threats and reported that malicious software is now aimed at mobile devices. The number of new malware variants for mobile increased 54 percent in 2017 according to Symantec’s Internet Security Threat Report 2018.
People spend a lot of time on their phone and are making more purchases there. OuterBox, a web design and SEO company, says that more than half of all internet traffic shopping is from a mobile device. Hackers know this and are now starting to focus on mobile devices.
Hackers also cause data breaches to steal people’s identities. According to Symantec’s article, 15 million consumers experienced identity theft in 2017. Let’s face it, our personal data is everywhere. When organizations have access to our personal data, there’s a greater chance criminals can get their hands on it and profit from it.
Cyber-attacks are not only an invasion of privacy, but also a financial cost for the institutions or individuals who fall victim. According to Lloyd’s of London, a British insurance market, a serious cyber-attack could cost the global economy more than $120 billion – as much as a catastrophic natural disaster like Hurricane Katrina.
The Ponemon Institute’s 2018 Cost of a Data Breach 2018 study for IBM found three interesting facts about the financial costs of data breaches:
- Cost of the average data breach to companies worldwide: $3.86 million (U.S. dollars)
- Cost of the average data breach to a U.S. company: $7.91 million (U.S. dollars)
- Average time it takes to identify a data breach: 196 days
Organizations need to have a great cybersecurity system in place to prevent data breaches, which can cost them a lot of time and money. Gaining knowledge, implementing prevention plans and educating employees are all important steps we can take to improve cybersecurity.
Any business or individual needs to be aware of the potential threats of cyber-attacks. Many of the well-known cases come from attacks on big organizations such as Adidas, Equifax, Facebook, Uber, Yahoo, etc.; but many smaller organizations suffer as well. When it comes to threats of a cyber-attack or data breach, any and all types of businesses or organizations are at risk.
We need to take the steps necessary to keep our information, and the information of our customers and employees, secure and protected. Learning about the basic principles of cyber security is one of the first steps needed to better understand how to protect data. After learning cybersecurity practices, you will know what to implement to best protect consumer and business data.
Our cybersecurity course discusses topics such as threat appraisal and management, vulnerability management, incident response, security procedures and much more. Our course can give businesses the knowledge needed to better protect their data.