According to Cybersecurity Ventures, damages brought about by cybercrime will cost the world $6 trillion annually by 2021.
A common finding in studies conducted by different parties reveals that majority of cyberattacks on businesses can be traced back to human error. In fact, according to London-based consultancy, Wills Towers Watson, 66% of 2016 cyber breaches were caused by “employee negligence or malfeasance.”
In the U.S., government agencies were asked who they see as the main threat to cybersecurity and 100% of government entities reported that their own employees are the biggest threat to security. Perhaps this is because 57% of security incidents in government were caused by human error.
Cybersecurity, therefore, does not only involve investing in state-of-the-art data, it also entails training your workforce.
How can you make your workforce more secure?
1. Company executives should be willing to implement necessary changes
Improving a company’s security efforts will require funding – from consultation with cybersecurity experts, purchasing necessary software and hardware to training employees. To do this, it is important to have executives who believe in this cause and who will help actively implement improvement in cybersecurity.
2. Develop a culture of cyber awareness within the organization
All employees of an organization should be well-informed in matters regarding cyber security. It is imperative, therefore, to begin training employees during onboarding. It is also important to perform regular evaluations to make sure that all members of the workforce are putting into practice all necessary security measures. To ensure that this happens, each department should have a cybersecurity advocate who will oversee all matters pertaining to systems security.
3. Offer incentives to employees who detect cyber security threats
Incentives are a great way of keeping employees more conscious of looking for possible threats as well as becoming more careful with sensitive data that they are handling. Rewards in cash and other forms (e.g. gift certificates or 2 or 3 days off) have been proven to be effective in improving employee productivity as well.
In his Essay On Criticism, Alexander Pope said, “To err is human, to forgive divine.” Unfortunately, this cannot be applied to costly cyber attacks brought on by human error. For example, a 2016 study conducted by IBM and Ponemon Institute showed that the average total cost of a data breach for 383 companies that participated in their research increased from $3.79 million in 2015 to $4 million in 2016.
It is important, however, that even if employees have contributed to data breaches, intentionally or not, they are also an organization’s greatest resource. It is just a matter of training them.
Organizations have to consult cybersecurity experts who can help train employees and implement proper security practices that will deter future security threats. Doing this can help prevent data loss as well as avoid costly lawsuits from clients.
The post Know How to Avoid Cyber attacks by Minimizing Human Error appeared first on Netswitch Technology Management.
*** This is a Security Bloggers Network syndicated blog from News and Views – Netswitch Technology Management authored by Press Release. Read the original post at: https://www.netswitch.net/know-avoid-cyber-attacks-minimizing-human-error/