About Cybersecurity
Cybersecurity is the practice that protects computers, servers, mobile devices, electronic systems, and networks from a data breach, that is, when an organization suffers a security incident related to the data for which it is responsible, resulting in a breach of confidentiality, availability or data integrity.
In addition to being an extremely sensitive and relevant subject, cyber-attacks can do a lot of harm to a company. That is why we need to understand in detail about the topic so that we are always protected and avoid them as much as possible.
How much does it cost to have my company data breached?
According to IBM Security and Ponemon Institute Report "2019 Cost of a Data Breach", the average cost of a data breach globally is $ 3.92 Million, and the time to identify and contain a breach is nearly 280 days.
The cost value varied according to time:
Within financial losses, data breaches also result in business losses — , since the customers lose confidence in the company. Some examples:
- Loss of brand reputation
- Customer turnover: customers stop buying your service/product and also make it difficult for new customers to enter
- Loss of revenue and possible interruption in operation due to the need to review the system as a whole
What are the main causes that lead to a data breach?
51% of cases occur due to Malicious or Criminal Attacks, that is when an external agent intentionally breaches the system. The malicious attack can be motivated by several things such as positioning against activism, espionage, because of financial gain, or even just for fun — but it’s worth mentioning that there’s nothing funny about this.
25% of them are because of System Glitch, failures from technical issues or components.
And finally, 24% involves Human Error, meaning, failures from people involved in the operation, which can be sending an email to a wrong user or even transform a random user as a system administrator.
In the latter cases, mostly, there is no intentional functionality to breach the data. Sensitive information leaks, but there was no actual attack on the system.
Moreover, the costs of Malicious or criminal attacks are higher than the other causes:
We need to be aware
To prevent this from happening, we need to always be aware of issues related to cybersecurity. At the governmental level, governments must mobilize themselves to define assertive strategies and regulations on the subject. In addition, in the business environment, organizations must always exercise caution to avoid and predict failures like this.
“The five most efficient cyber defenders are: Anticipation, Education, Detection, Reaction and Resilience.Do remember: “Cybersecurity is much more than an IT topic.” — Stephane Nappo
We need to think about security alongside innovation, it’s a pair that developed a strong symbiotic relation. The customer trust you build through the years can crumble down immediately if they don’t feel safe anymore. Threats appear just as fast as businesses are created, so our best defense is a deep look at ourselves in how internal processes are created and logged, but also be able to face on against detected malware. it’s action and reaction, a never-ending battle requires a never-ending pursuit for improvement on our side.
Blockforce's home country update
In Brazil, the discussion on this topic is still very delayed by public institutions. While the subject advanced around the world by the UN, in Brazil, only this year — 2020 — a decree was created that defines the national cybersecurity strategy. Today, Brazil is in 70th place on the UN Global Cybersecurity Index.
Let's work together to change this scenario and increase cybersecurity? Visit us https://blockforce.in/
