1. A Seriously Compromised Security Staff
It’s no mystery the cyber security workforce isn’t growing fast enough to meet the needs of the market. A new 2017 Global Information Security Workforce Study estimates that by 2022, more than 1.8 million cyber security positions will go unfilled.
The results of this workforce gap can already be seen in the cyber security industry today. Many companies still don’t put stock into preventing and planning for a digital security breach, both when it comes to strategy and resources.
If there’s anything that 2017 has already taught us, it’s that ransomware is quickly becoming one of the most dangerous threats in the cyber security world today. The WannaCry ransomware attack began in spring 2017 and affected more than 300,000 computers in over 150 different countries.
And while WannaCry is certainly one of the most devastating ransomware attacks the world has ever seen, it certainly isn’t the only one. In fact, Cybersecurity Ventures reports that the global ransomware damage costs for 2017 are estimated to total more than $5 billion, a price tag 15 times higher than the $325 million in damages in 2015
Finally, one of the trickiest threats in the business today is that of your own employees. In fact, the overwhelming majority (60% according to IBMs 2016 Cyber Security Intelligence Index) of security breaches are actually directly caused by employees.
Whether it’s taking the bait in a phishing trap, connecting to malicious and misleading Wi-Fi hotspots, bringing in compromised programs on their own devices, or failing to follow basic security standards, an uninformed employee can open up a number of backdoors for cyber attackers and cost your business millions.
Instilling a culture of cyber awareness, then, should be a top priority for any executive. An informed workforce is a secure one.