Your Biggest Cybersecurity Risk: Your Employees

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Cybercriminals work round the clock to detect and exploit vulnerabilities in your business’ network for nefarious gains. The only way to counter these hackers is by deploying a robust cybersecurity posture that’s built using comprehensive security solutions. However, while you’re caught up doing this, there is a possibility you may overlook mitigating the weakest link in your fight against cybercriminals — your employees. 

With remote work gaining traction and decentralized workspaces becoming the new norm, businesses like yours must strengthen their cybersecurity strategies to counter human errors and data breaches perpetrated by malicious insiders. All employees, irrespective of their designation/rank, can expose your business vulnerabilities to cybercriminals.

Untrained employees are putting your business at risk of Invoice Fraud. Learn about it in this article.

Implementing routine security awareness training for employees can help you prevent a vulnerability from escalating into a disaster. As the first line of defence against cyberattacks, your employees must be thoroughly and regularly trained to identify and deflate potential cyber threats.

Why Employees Pose a Risk to Businesses?

According to IBM’s Cost of a Data Breach Report 2020, 23 per cent of data breaches in an organization occurred because of human error. An untrained employee can compromise your business’ security in multiple ways. Some of the most common mistakes committed by employees include: 

1. Falling for phishing scams: With the onset of COVID-19, hackers masquerading as the World Health Organization (WHO) tricked people into clicking on malicious links and sharing sensitive information. Cybercriminals are using improved techniques, like spoofed emails and text messages, to propagate the ongoing scam. Your employees must be well-trained to counter it. To learn and train your people in Identifying Phishing Email, view this article.
2. Bad password hygiene: A section of your employees might reuse the same password or a set of passwords for multiple accounts (business and personal), which is a dangerous habit that allows cybercriminals to crack your business’ network security. Improve your Password Hygiene by reading this article.
3. Misdelivery: Even slight carelessness can lead to an employee sending sensitive, business-critical information to a hacker. Such an act can cause lasting damage to your business, which is why you must be prepared to counter it.
4. Inept patch management: Often, employees can delay the deployment of a security patch sent to their device, leading to security vulnerabilities in your business’ IT security left unaddressed. 

The bottom line is that with cybercriminals upgrading their arsenal every day and exploring a plethora of options to trap your employees, security awareness training has become more critical than ever before.

Security Awareness Training: An Essential Investment

A one-time training program will neither help your employees repel cyberthreats nor help your business develop a security culture. To deal with the growing threat landscape, your employees need thorough and regular security awareness training.

The CEO/ CFO Frauds can also be avoided with employee training; learn about it here.

You must never back out of providing continual security awareness training to your employees just because of the time and money you need to invest in it. The return on investment will be visible in the form of better decision-making employees who efficiently respond in the face of adversity, ultimately saving your business from data breaches, damage to reputation and potentially expensive lawsuits. The following statistics highlight why you must deploy regular security awareness training and consider it a necessary investment:

1. Eighty per cent of organizations experience at least one compromised account threat per month.
2. Sixty-seven per cent of data breaches result from human error, credential theft or social attack.
3. Since the start of the COVID-19 pandemic, phishing attacks have gone up by 67 per cent.

Expecting your employees to train themselves on detecting and responding to cyber threats certainly isn’t the best way to deal with an ever-evolving threat landscape. You must take on the responsibility of providing regular training to your employees to ensure you adequately prepare them to identify and ward off potential cyberattacks.

Every employee must realize that even a minor mistake can snowball into a terrible security disaster for the company. They need to understand that your business’ cybersecurity is also their responsibility.

Read: The Human Factor behind Compromised Passwords

You can transform your business’ biggest cybersecurity risk – your employees – into its prime defence against threats by developing a security culture that emphasizes adequate and regular security awareness training. 

Making all this happen will require continued effort and may seem like an uphill climb, but with the right partner by your side, you can easily integrate security awareness training into your business’ cybersecurity strategy.

Here at Spector, aside from different training programmes, we also keep your employees aware by sending fake phishing email regularly and verifying who is falling for potential baits. This acts as a reminder for people to stay alert. 

The first step towards training and empowering your employees starts with an email or a call to us. Feel free to get in touch or schedule your preferred time, and one of our experts will give you a ring to discuss any questions and problems you may have. 

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