According to a report by Cybersecurity Ventures, the global cost of cybercrime is projected to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015. This makes cybersecurity not just an IT issue, but a significant business risk.
90% of cyber attacks involve social engineering tactics. Security is now everyone’s responsibility. Companies should provide employees with regular training and testing of the workforce for cybersecurity best practices to help them recognize and avoid social engineering tactics. This includes phishing attacks, pretexting, and baiting.
40% of cyber attacks are aimed at small businesses. Small businesses should prioritize investing in cybersecurity defenses, including employee training and regular security audits. See further advice for small businesses from the Federal Communications Commission.
91% of cyber attacks begin with a spear-phishing email. Companies should provide regular training to employees to help them recognize and avoid phishing attacks. Additionally, companies can adopt lateral movement cybersecurity and adopt zero trust methodology to prevent the spread of attacks, plus implement email filtering tools that can identify and block malicious emails.
Prepare Incident Response
Cybersecurity and compliance are ever-evolving landscapes. Continuous assessment of policies, procedures, and staff knowledge is crucial. Be proactive, minimize risk, and keep your business out of the crosshairs with Shellproof Security.