Executive leaders worldwide, responding to a recent Pell Center survey, now consider cybersecurity to be one of the most pressing threats to their organizations, coming in third place behind taxation and customer loss.
While many businesses have come around to the importance of cyber defense in the past few years, however, some sectors, industries and organizations still believe that cybersecurity is largely irrelevant.
These organizations, believing hackers are primarily interested in giant multinational corporations, rely on their relative obscurity and trust in a number of common myths as a substitute for proper security initiatives. The WannaCry ransomware that spread across the globe in May is merely the latest example of why this way of thinking is dangerous, and that everyone is susceptible to a security breach.
Let’s dispel some of the myths about who does and doesn’t need to worry about cybersecurity. Consider these two business types, both of which have been known to under-emphasize cybersecurity, and you can see how a lack of cyber risk focus puts even these groups in a dangerous position.
Small employers: These organizations are relative unknowns compared to Fortune 500 companies, which leads them to believe hackers are unlikely to go after them. But this way of thinking is what makes small businesses a major target for cybercriminals, who perceive them as an easy score — and a potential entry point into larger clients’ systems. A recent study found that 43 percent of cyber attacks are directed at small businesses. So yes, small businesses need cybersecurity, too.
Social service nonprofits: Due to the virtuous nature of their work and their smaller financial sums, nonprofit organizations operating in social support roles believe they have little need to worry about cyber attacks.
Again, hackers know this, and they assume that such social enterprises will be easy to exploit. The personally identifiable information that these organizations carry can fetch high prices on the dark web, and connections to large client systems can lead to even bigger scores.
No matter what sector you are in or how small your firm is, cybersecurity should be among your top priorities. However, that doesn’t mean you necessarily need expensive new capabilities or highly specialized employees. Lunarline offers a range of products and services designed to help companies of all types achieve affordable and effective security solutions. Contact us today to learn how we can help you.