Executives Beware: Understanding the Risk of Targeted Cyberattacks
Cybersecurity is no longer just an IT concern. It’s a critical business issue that demands attention from the highest levels of leadership. As the pioneers of digital executive protection, BlackCloak provides online privacy protection, home network security, device security, and cybersecurity incident response to corporate executives and high-profile individuals.
The Rising Threat Landscape
Cybersecurity threats have grown in scale and complexity over the past years. A study shows that 40% of top business executives consider cyberattack risk their top concern. In 2023, a study conducted by BlackCloak and Ponemon Institute revealed that approximately 42% of companies had encountered cybercriminal attacks aimed explicitly at executives or their families.
The Cost of Cyberattacks
The repercussions of cyberattacks are far-reaching and costly. A data breach costs $4.45 million on average. In 2022, compromised business emails accounted for $2.7 billion in losses. These alarming figures emphasize the danger of cyber vulnerabilities and highlight the need for skilled cybersecurity professionals.
The Role of Executives in Cybersecurity
Executives are not just victims of cyberattacks; they are also targets. During a 2020 study on IT decision makers and C-level executives at enterprise organizations, it was found that 64 percent of respondents believed that those in senior management positions are the most likely to be targeted by malicious cyber attacks within their organizations.
The Rise of Targeted Cyberattacks
The rise of targeted cyberattacks on executives underscores the need for robust cybersecurity measures at the individual level. BlackCloak’s Concierge Cybersecurity & Privacy™ Platform is a holistic solution that includes mobile and desktop apps as well as concierge support. It’s time for executives to take their power back and protect themselves, their families, and their corporations from the ever-evolving threat landscape.
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The post Executives Beware: Understanding the Risk of Targeted Cyberattacks appeared first on BlackCloak | Protect Your Digital Life™.
*** This is a Security Bloggers Network syndicated blog from BlackCloak | Protect Your Digital Life™ authored by Ingrid Gliottone. Read the original post at: https://blackcloak.io/executives-beware-understanding-the-risk-of-targeted-cyberattacks/
