Cybercriminals are getting smarter and more savvy with their attacks nowadays. Even the best security solutions in the world would not do any good if users are not cyber-aware and know what to do when they encounter suspected cyberthreats.
Most cybercrime incidents begin on a smaller scale and do not become a full-blown data breach until it’s too late. 95% of cybersecurity breaches are caused by human error, and firewalls cannot keep a staff member from succumbing to a phishing email.
According to data collected by the FBI’s Internet Crime Complaint Center, phishing attacks accounted for over half of all reported cybercrimes in 2021, and losses from phishing attacks topped $2.4 billion. In fact, phishing attacks increased by 280% in 2020 alone, and human-caused data breaches topped 82%.
Email attacks almost always involve some sort of phishing. Phishing is the fraudulent practice of sending emails posing as a legitimate source to compel victims to reveal sensitive information, such as passwords and credit card numbers. You may have seen phishing emails before, offering you a free TV or asking you to change your password. While an email spam filter will catch many of these, some will still occasionally make it through to your inbox.
Defending against phishing and social engineering attacks ultimately comes down to knowing what you’re up against. These can come in several forms, but the most common cyber-attacks are phishing emails that ask you for usernames, passwords, and personally identifiable information (PII). A good rule of thumb is to have healthy skepticism whenever an email asks for personal information—especially emails from an unexpected sender.
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This can sound like quite the daunting task for any company, let alone a small business. The reality is that the opportunity cost of not training your employees is too high to ignore. According to IBM, the average cost of a data breach last year was $4.24 million. Thirty-eight percent of companies lost business because of a breach, which accounted for over half of the total financial losses.
While cybersecurity awareness is the first step, employees must willingly embrace and proactively use cyber-secure practices both professionally and personally for it to truly be effective. This is known as a culture of security or security culture. Security culture is defined as an organization’s collective awareness, attitudes, and behaviors toward security.
For security culture to be most effective, it’s important to make security training not only engaging but also relevant to employees so they understand how cybersecurity impacts them in and outside of work. The best part about cybersecurity training is that it can be customized to your organization’s needs. From a formal security awareness training program to a monthly email with cybersecurity tips and tricks, any cybersecurity awareness and training can significantly impact employee behavior.
NTELogic has partnered with KnowBe4, the world’s leading provider of cybersecurity training, to bring organizations like yours a tailored security awareness training platform without the hassles of doing it yourself. Contact us today to learn more or to register for our free phishing test offer.