There is a common idea that increased security makes it difficult for even employees to access what they need, not just hackers. Strict security policies such as regular monitoring and access control are believed to hinder productivity at work. However, doing away with security may have far-reaching consequences for your business. A successful attack like a DDoS attackor ransomware can bring your business to a standstill. Employees might not be able to access important files, networks, and information after an attack. The recovery takes days and sometimes even weeks.
Despite growing awareness of cybersecurity, many myths about cybersecurity are widespread. These misconceptions can be an effective security stumbling block.
The first step in keeping your business safe is to separate false information, myths and rumors from the truth.
Here we reveal some common cybersecurity myths. Read on to find the one that you think is correct.
Truth: Enhanced cybersecurity can boost productivity.
Insider threats are on the rise and are fast becoming a cause of concern for businesses. Insider threats can include employees, vendors, contractors, business partners, or an external intruder trying to impersonate an employee. A recent survey revealed that insider threats are responsible for 60% of data breaches.
A modern cybersecurity approach uses security tools that have a built-in security feature that integrates seamlessly into your system. It also leverages advanced tech intelligence and analytics for real-time detection and mitigation of threats. This allows developers to concentrate on improving their productivity since they no longer need to worry about security issues.
In addition, you can never be fully aware of where these attacks can originate from, and traditional security solutions are largely ineffective when it comes to these threats. This makes them much harder to detect and contain than external threats.
Truth: Therefore, cyberattacks can very well start from someone you know.
Use a combination of behavioral analytics and privilege and access management to minimize insider threats. Additionally, conduct security awareness training sessions to educate employees about the dangers of insider threats and how to detect them.
Small and medium-sized businesses may often be under the false impression that their data isn’t valuable to hackers. However, small and medium-sized businesses are one of the top targets for hackers. A recent study revealed that hackers targeted small businesses nearly half of the time. But only 14% of these businesses were prepared to defend themselves in such a situation.
Truth: No business – no matter how large or small, is ever immune to hacking attempts and malicious attacks. Hackers don’t discriminate when it comes to their victims. So, don’t let the size of your business, determine how valuable your data is or how secure your assets are.
The anti-virus software is an essential part of your cybersecurity plan. However, it only secures one entry point into your system. Hackers have many ways to bypass anti-virus software and infiltrate networks with attacks such as targeted phishing attacks, and ransomware. So, even with anti-malware software in place, hackers will have plenty of room to launch an attack.
Truth: Anti-virus software can only protect you from a unique set of recognized cyber threats, not from other emerging cyber threats. As a business, you need to do much more to secure your data from hackers. Deploy an all-encompassing security solution like a Web Application Firewall that monitors threats continuously and provides end-to-end, 24*7 protection from cyber risks.
Even as malicious cyberattacks continue to make headlines and cost businesses millions, companies still wonder if cybersecurity investments are worth it. Data security is frequently overlooked and is only an afterthought for many enterprises. The average cost of a data breach in 2021 is $4.24 million, the highest in the last 17 years. And this figure does not include the damage that comes with the crippling reputational losses and customer losses from a breach. Truth: The cost of a good cybersecurity solution is nothing compared to the cost of a successful attack.