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Can your company withstand a cybercrime attack?

William van Zweeden
11 May, 2021

It cost Norsk Hydro $75 million and Maersk between $250 and $350 million. Renault’s factories were offline for days, and the list of companies that are falling prey to cybercriminals is growing fast. You really do not want to be on this list or suffer the associated major financial losses and reputational damages. However, the number of cyber threats is growing explosively. Hackers are smart, well-organized groups or even government bodies. They know that their targets are more vulnerable these days because they are operating remotely. Is your organization resilient enough?

Smarter cybercriminals

Phishing and ransomware attacks have hit governments and both small and large businesses hard in recent years. Cybercrime is a trillion-dollar business. Professional cybercriminals are constantly trying to penetrate, steal data, cripple companies and extort them. Attack plans – including attack tactics and ransom policies – range from a blunderbuss approach to focused attacks on particular industries or specific companies. Having trouble paying the ransom in cryptocurrency? A call center will The risk of cyber threats is increasing, and for our global network of clients, security has become one of the most important issues.

Working from home makes you vulnerable

Numerous instances of hacks, ransomware and data breaches have made the news in recent years, but the number of attacks has increased dramatically since the outbreak of COVID-19. From one day to another, government measures forced people to work from home rather than in their well-secured offices. As a result, companies suddenly had to offer remote working. In this transition, governance and security did not always receive the attention it deserved. Although the technology changed dramatically, the policy rules either failed to change or were changed too late.

Infrastructure suddenly much more complex

Under great pressure, companies switched to new technologies in order to collaborate. Cloud technology however, does not work in the same way as a traditional on-premises infrastructure. Companies often lack the technical knowledge required to adequately secure both on-premises and cloud data. They also lack a good overview of the new, more fragmented infrastructure. In addition, according to the Cisco 2020 Benchmark Report, 52% of organizations find it difficult to manage and secure laptops and smartphones.

Humans are the weakest link

Although technology in cybersecurity is important, 91% of data breaches stem from human error. No matter how many spam filters and firewalls you install, it only takes one colleague to click on a link in a phishing email to get hacked. Attention to the human factor is therefore crucial. This requires a new level of cybersecurity awareness among everyone in your organization. Training is essential, and technology can provide additional support.

Change is crucial

Although cybercriminals have already switched to the latest technology and attack techniques, many companies are struggling to catch up. Companies are still trying to manage their own security, but this is quickly becoming an impossible task. It is becoming too complicated and can take too much time, and specialist knowledge is often too expensive to recruit. Players in the public cloud are investing billions in cybersecurity and offer security that even the largest companies cannot provide on their own. It is time to switch to cybersecurity that provides your hybrid infrastructure with the best possible protection. The time to lay a secure and innovative foundation is now. Hackers have moved to the cloud, you better move there too.

Is cyber security an issue within your organization?

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