Cybersecurity is on the tip of every business leaders’ tongue yet most companies are still too slow to react.
We’ve been talking about cybersecurity a lot this year and don’t plan to stop.
Because the vast majority of organizations still don’t’ get it. Most companies continue to make poor decisions when it comes to their cybersecurity. Even highly publicized events like the Equifax breach or the HBO hack that threatened to spoil Game of Thrones for viewers worldwide hasn’t been enough to inspire quick action from business leaders. If you’re in the mindset of ‘it won’t happen to me’, or ‘I know we are protected’, you may be your companies own worst enemy.
Over the past decade, we’ve seen the threat landscape evolve considerably. Cybersecurity isn’t about protecting organizations from one-off hacks or simple annoyance anymore. The threats and actors have grown smarter, more organized, and in some cases are nation-state sponsored, and the financial stakes have risen substantially. Cybercriminals are now able to impact businesses and customers in a very physical way, transcending the digital realm and stealing money from our wallets and time out of our days.
As the financial rewards for hackers have grown, they have become more professional—operating like corporatized cyber-terrorist organizations. And they are evolving constantly. Sophisticated hackers are looking perpetually for new ways to access and steal sensitive data from organizations that have let their guard down.
It wasn’t long ago that security experts were publicly shaming small businesses who either didn’t have the budget or weren’t willing to invest dollars in cybersecurity technology and policies. Like most of us, those experts were under the impression that larger organizations had invested in resources and technologies to fend off cyber attacks. As it turns out we were wrong.
Large organizations have grown to become highly attractive targets for cybercriminals as hackers have realized they aren’t always equipped to defend against them. Surprising isn’t it, in this era, that large organizations with big budgets and big IT departments are finding themselves threatened by hackers. Attacks like the Equifax breach, WannaCry ransomware attack that even FedEx was unable to defend against, and 2016’s Yahoo data breach that exposed over 500 million users personal information, demonstrate the vulnerabilities present in all organizations and industries regardless of size.
Why have so many organizations been slow to react to the evolving threat landscape? It’s typically not a conscious choice.
In the case of small businesses, many believe they are too insignificant, or too niche to become a target and don’t protect themselves. They may also not have the budget to invest in the technologies and resources to keep up with changing threats.
Larger organizations are often operating with legacy software or systems that create vulnerabilities hackers are easily able to exploit. They also tend to have complex business structures that stretch across locations and regions making it difficult to get IT security teams on the same page.
Hackers are evolving faster than IT security teams are able to keep up and this means that every business has work to improve its approach to cybersecurity today, or risk facing the threat of a potential disaster tomorrow.
The threat of digital attacks has reached a troubling level of maturity that businesses, governments, and healthcare organizations are finding it difficult to confront. Is your organization protected?
Contact us today to schedule your cybersecurity risk assessment.