Your Employees & Cybersecurity
This article in Forbes discusses the rise in cyber threats that can harm businesses of all sizes, and makes the case that employees should be viewed as a company’s first line of defense against an attack. The author cites a 2015 Lloyd’s of London estimate that cyberattacks cost companies $400 billion per year, as well as a Juniper Research study which concluded that the cost of such attacks will be exceed $2 trillion by 2019.
The author warns that companies can be wiped out by cyber threats simply because they often do not have the resources to hire a chief technology officer or information technology support staff to adequately monitor security. Even in cases where companies may spend tens of millions of dollars to secure their systems, the author says that employee awareness is key, and that employees must be trained and educated on the risks. The writer also advices companies to develop stopgap measures and policies to limit damage caused by security breaches.