While you may believe that your company’s chances of encountering a catastrophic natural disaster are slim, do you have the same outlook toward threats to your IT system? Do you believe that your cybersecurity measures are adequate enough to withstand a full-scale breach? Think again.
These days, it would seem that no company is completely safe from data breaches. Take Target and Neimen Marcus, for example. In 2014, Target reported that 40 million customers had their debit and credit card information stolen during the holiday season, while hackers installed malicious software at Neimen Marcus stores in 2013, collecting consumers’ payment data during a four-month period, Forbes reported. Your company needs to take steps to protect its systems – today.
How important is cybersecurity?
A recent report from Bay Dynamics, a cyber risk analytics company, found that 26 percent of surveyed board executives said that cyber risks were their top priority this year. Surprisingly, in the survey, cyber risk fear outranked legal, competitive, financial and regulatory worries.
There’s bad news for IT professionals as well – 59 percent of board members who participated in the survey stated that one or more of their IT security executive team will lose their job should they fail to provide actionable information to prevent potential attacks.
How are you putting your systems at risk?
Your company cannot afford to fail to adequately protect its IT system. While creating a comprehensive risk analysis and securing your system are two major steps, there are more areas where you could be putting your business at risk.
For example, BYOD programs are increasing in popularity throughout the country. While useful for remote work policies, most studies show that these programs significantly heighten your chances for a data breach, according to Inc. Though organizations that handle sensitive information set up secure channels, an Advisen report indicates that 40 percent of BYOD employees don’t follow any security protocols to protect their devices from hackers.