6 Myths about Cybersecurity that Executives Must Know

By Kashish Ambekar - Last Updated on January 6, 2020

Per a 2017 overview, the standard financial impact of a data breach for SMBs in North America is $117,000. Large organizations in North America spend an average of $1.3 million on data breaches. That is a ton of money to lose and still not be familiar with the importance of cybersecurity. Even if your organization has not endured a data breach, it is necessary to apprehend the dangers so you can have a better chance at protecting yourself from future attacks.

Over and over again, data breaches happen because of the many myths about cybersecurity that are floating around, which many executives believe. Here are six such myths and the truth behind them:

Myth 1: Employee education is a nice add-on item.

According to a 2017 survey, “Careless or uninformed employees contributed to 46% of security events.” Employees can be your greatest risk with regards to cybersecurity. This is why it is necessary to prepare employees, enable them to comprehend their roles, and encourage them to stay up to date with the latest IT patterns.

Myth #2: Security is an internal issue.

The same 2017 survey also stated, “Of all sized companies, 49% experienced data breaches in the past 12 months.” SMB organizations often have the idea that since they are not that large, they aren’t a data breach target. The opposite is actually true. Numerous SMBs sell to to large organizations, making them a gateway for cybersecurity intrusion.

Myth #3: Endpoint protection is a set point on the IT landscape.

As a matter of fact, 47% of organizations say that the wrong sharing of information by means of cell phones is a noteworthy security concern. With representatives utilizing in excess of two gadgets to transmit data and complete work, guaranteeing all endpoints are secure is a test. To battle this test, consider making an arrangement that leaves space for adaptability, many-sided quality, and development.

Myth #4: One attack cannot bring down a whole system.

“Targeted attacks increased to 38% in the past year — up 6% from 2016,” according to the same survey in 2017. One attack can cause significant damage, but certain software has been developed to prevent permanent loss.

Myth #5: You can protect your virtual infrastructure with existing, traditional security software.

“69% of non-IT C-level executives plan to invest in IT security regardless of the ROI, noting that it’s better to be safe than sorry.” This is usually not the case as new infrastructure comes with better enhancements to serve all cybersecurity needs.

Myth #6: You can do it alone.

“The threat landscape is constantly changing, and a one-size-fits-all solution is no longer sufficient to protect organizations against growing and persistent threats.” Organizational IT professionals require a team to protect against cybersecurity threats.

Want to demystify cybersecurity further? Click the link below to watch a quick video and to download the whitepaper.
6 Myths About Cybersecurity

Kashish Ambekar

Kashish Ambekar | Kashish moved to the United Arab Emirates from London after he graduated from UEL with a Masters of Business Administration specializing in Finance. Money smelled good, although tipping in rubies was a fortune in Dubai, which he couldn’t afford, let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The art of writing came naturally to him, short stories to profe...

Kashish Ambekar

Kashish Ambekar | Kashish moved to the United Arab Emirates from London after he graduated from UEL with a Masters of Business Administration specializing in Finance...

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