Security is essential in any business, market or niche you may be operating in. However, recent surveys conducted still shine some light on the underestimation of a decent security policy by IT decision makers (ITDMs).
Cybersecurity is not on top of mind at all, which we believe is quite alarming since recent developments and events concerning data theft, exploits and malware practices. On average, between 10 and 50 percent of technology is focused on IT security, but IDTMs do feel the need to increase budgets to tackle key security issues. The most prominent issue is the unawareness about cybersecurity threats. This survey was conducted by Sophos and included 150 ITDMs.
The survey showed that ITDMs recognize that human errors are probably the biggest challenge for their businesses concerning cybersecurity, as it tops the list as biggest security flaw. Next comes network security and firewall security.
Things to look out for
Practices like phishing are tremendously popular among hackers. Phishing attacks have shown record growth in recent years, with 66% of malware now installed through malicious email attachments. Advanced phishing attacks cost businesses an average of 160.000 euros per incident.
Another popular practice is the concept of cryptojacking. 35% of ITDMs recognize they are not fully familiar with the concept. So what is it and why is it a serious threat for your business? Sophos explains:
“Cryptojacking occurs when a computer is used to mine cryptocurrency without the permission of the user. There are two main ways that this is done: in-browser and via installed malware on the machine. Cybercriminals are targeting everyone. You might think “it won’t happen to me” but, interestingly enough, research shows that cybercriminals are using the same Cryptojacking tactics against businesses and employees as they are against consumers at home.”
Last but not least, General Data Protection Regulation (GDPR) is still a big deal. Only 39% of ITDMs feel confident that they are fully complying with GDPR regulations – which leaves about 60% of them not quite confident.
Luckily, all of the matters discussed can be prevented with proper security solutions. Protect your business against cybersecurity threats, and prevent the costs and consequences of an attack. For more information on endpoint security, please contact our sales associates and let us assist you.