What do most people believe they understand? cyber security However, it later turned out that some of their “good security practices” were not as good as they believed. Consider the password expirations that many IT teams enforce on their organizations. This measure is not only frustrating for users; more harm than good Affects your organization's cybersecurity.
The idea that expired passwords are more secure is just one of the common misconceptions in the world of cybersecurity.a Pew Research Cybersecurity Survey In 2023, we found that less than 50% of Americans can identify an example of two-factor authentication (2FA), one of the most common and effective security methods.
Cybersecurity knowledge gaps impact both organizations and individuals. Many companies mistakenly believe that they are safe simply because they have basic security measures in place, such as firewalls and antivirus software. Organizations often fail to hire cybersecurity experts to help protect their systems, trusting that IT professionals can do the job.
While there are scenes like This one or This one “Mr. Robot” may sound unbelievable, but this kind of scenario actually happens. According to a 2020 study, 57% of US hospitals I used Windows 7 in March 2020 even though it had support. Stop At the beginning of the year. Uber one Biggest security breach This was made possible by hackers targeting specific employees and making them believe they were members of Uber's IT team.
Individuals and organizations tend to underestimate the likelihood of becoming a target for cybercriminals. Many people think that only large businesses and government agencies are at risk, not realizing that small businesses and individuals are often seen as low-hanging fruit for attackers. .
according to Chain analysis report, more than $1.1 billion was received by ransomware attackers in 2023. According to the company, “the ransomware landscape is not only prolific, it continues to grow,” creating a challenge for everyone involved. Data breaches are on the rise A similar 20% increase, with an estimated 98% of organizations having a “relationship with a vendor that experienced a data breach within the past two years.”
A successful cyberattack can have devastating effects, ranging from financial loss and data breaches to complete system compromise and operational disruption. Yet, many organizations are left exposed to the aftermath of cyberattacks without having cybersecurity in place.
Many of these organizations and individuals are unaware that a cybersecurity breach can impact them on many levels beyond operational and financial. For example, reputation is often one of the longest pieces of damage to repair after a cybersecurity incident.
The most obvious example of such damage to a brand's reputation is Ashley Madison's 2015 data breach, looked at data from millions of users. Given that the website was aimed at finding extramarital partners, the breach had a devastating impact on the company, leading to the resignation of its CEO and the loss of millions of users. According to AON, businesses can: 25% market value loss One year since the cyber attack.
Good cybersecurity practices not only prevent future negative incidents from occurring, but also earn your customers' trust. Not all users are concerned about how their personal data is protected when using all applications, but most of them are. According to Panda Security, 80% of Americans We care about data privacy, especially online.
Hook Security Co-Founder Zach EikenberryCEO of Texas Performance Psychology Dr. Jess Garzaand Apollo Information Systems CISO andy bennett For most of their professional experience, they have delved into social manipulation, vulnerability assessment, social engineering, hacking, and other aspects of cyber security.
These three experts participated in a panel moderated by a technology journalist Rob Pegoraro Discuss the role cybersecurity plays in building brand trust. In a panel discussion, experts argued that cybersecurity is fundamental to building transparent, empathetic, and valuable relationships with your user base.
To learn more about what you, your team, and your company can do to better address growing cybersecurity challenges, be sure to watch the video below. You can find a similar panel on Grit Daily YouTube channel.
Juan Fajardo is Grit Daily's news desk editor. He is a software developer, technology and blockchain enthusiast, and a writer in the field who has contributed to several projects. The jack-of-all-trades was born in Bogota, Colombia, but after traveling extensively he now lives in Argentina. Always keeping new interests and a passion for entrepreneurship in mind, Juan is the desk editor for his Grit Daily news, which covers everything related to the startup world.
