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    How Cyber Security Training Helps Mitigate Risk to Businesses

    By: Mike Burgard
    May 27, 2021

    Did you know that the average time to identify a cyber security breach in 2019 was seven months?

    That’s seven months of money leaks, or worse—personal and company data flying out the window while you’re sipping your morning coffee. But while the stats can be scary, you’ll find peace knowing that cyber security training drastically lowers your risk of attack.

    Anyone can fall subject to the plotted schemes of cyber bullies and hackers. One click, and that’s it. That’s why cyber security awareness is for everyone, including leadership.

    Experts estimate that the damage related to cybercrime is $6 trillion annually. Here are a few ways implementing a robust security awareness training program (Phishing Awareness Training, Clean Desk Policy, Visitor Program) can help lower your risk of becoming part of that statistic—and lower your risk from the inside out.

    woman standing and pointing at computer screen that a man is sitting in front of

    You’ll raise awareness of insider threats

    From the irritated ex-employee to the insider with ill intent, anyone with access to sensitive information can pose a security threat to your business.

    Now, this doesn’t mean that every team has a Malicious Molly… sometimes all it takes is a Careless Corey for your corporation to fall subject to a security breach. Careless Corey didn’t mean to hurt anyone, but he ignored security controls and installed banned applications and... boom. He opened the doors to a threat.

    Regardless, being proactive in educating all employees on the warning signs of insider threats can save you in the long run.

    The cost savings might surprise you

    The average cost of a data breach in 2020 was $3.86 million globally. According to a recent survey by the Ponemon Institute, the average cost of an insider-caused incident over a 12-month period is $8.76 million.

    Truth be told, hackers deliberately aim for smaller businesses, viewing them as easy, unprepared targets. One survey stated that almost two-thirds of attacks are against small to medium enterprises, and an estimated 60% of those organizations are forced to shut their doors following a blow.

    With online security training courses, you’ll hold onto your hard-earned dollars.

    Your customers will trust you more

    What’s worse for your reputation than your clients finding out that not only was your information at risk, but theirs was, too? A cyberattack can be detrimental to your social standing, and let’s be real, in a world of social media comparison, people will talk.

    In the event of an attack, potential customers could avoid doing business with you, fearing that you’re careless or that your internal controls are sub-par. Be proactive in educating your employees, and customers will be confident that your business can be trusted.

    Your passwords will be more difficult to crack

    Let’s be honest, when it comes to passwords, we’re all kind of… bad. It’s either the name of our favorite car or the first puppy we ever had.

    We think that if we add a special character in there somewhere, we’re safe, but the fact is, there are people who’ve committed their entire careers to knowing what makes you tick in order to crack the code.

    Train your employees on things to avoid, like reusing old passwords, creating weak passwords, and resetting passwords through unknown email links. These practices alone significantly lower your chances of an external attack.

    Phishing schemes will be recognized and Reported

    COVID-19 changed everything. Businesses went from having a few lucky work-from-home Fridays, to making it a prerequisite that the workforce operate remotely.

    This opened up a whole new world of human error as the comfort of home often means people’s guard is low. Not to mention, many employees often don’t even know words like phishing and whaling in the context of emails and a work environment.

    For example, teach people to delete suspicious messages when in doubt. Awareness can often stop external attempts to steal information, and now it starts on the comfort of our couches.

    You’ll lower the chances of a catastrophic data breach

    In 2016, LinkedIn fell subject to one of the largest data breaches of the 21st century.

    The same hacker responsible for selling MySpace’s data was discovered selling the emails and passwords of 165 million LinkedIn users for about $2,000 a piece. Talk about hitting the jackpot (for the cyber hacker, anyway).

    All the stats point to one thing: Best practices produce the best results. When businesses implement cybersecurity awareness training, and offer a multi-layered cybersecurity plan, it arms and readies a team of users to defend themselves in battle at a moment’s notice.

    Your users will feel safe and secure

    At the end of the day, cybersecurity awareness training is about protecting the data and the dollars, but we can’t forget about what gives a business its heartbeat.

    Employees are a valuable and necessary part of making a business grow and flourish. Their identity and personal information are in the hands of business owners and operators and must be protected at all costs.

    There are plenty of cyber training courses and programs you can use to ensure that your team is ready, alert and aware of red flags in order to protect the rest of the team. Everyone must do their part and stay educated on what to look for.

    Cyber security education is non-negotiable

    If comprehensive cyber training wasn’t at the top of your company’s list before, it probably is now.

    As a business owner, you can trust Marco to give you cyber security paired with the training your team needs to avoid the risk you fear. Just do the work, you’ll thank us later.

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    Topics: Security