2 min Security

Business leaders don’t focus on cybersecurity until breached

Business leaders don’t focus on cybersecurity until breached

Top management only becomes aware of cybersecurity after a significant threat occurs. A shift to a proactive approach is necessary to ensure survival in the current digital landscape.

A report from the UK Department for Culture, Media, and Sport (DCMS) that interviewed several managing partners, IT supervisors, and other employees of small and medium-sized businesses has revealed that senior executives only take cybersecurity seriously when it has undergone an attack from cybercriminals.

As a result of the increased monitoring, supervisors could obtain urgent official approval when it came to employing a new IT contractor.

TIP: Security industry is fundamentally broken: base investments on hard evidence.

How to make cybersecurity a primary focus in businesses?

Due to rising unpredictability and educated threat actors, your company’s cyber risk may increase. Some recent cyber dangers presented to large and small firms include email phishing scams, data breaches with high blackmailers, fraudulent wire transfers, and technical support scams.

IDC predicts that global security spending will increase 8.1% yearly and reach $174.7 billion by 2024. Organizations around the world are investing in increased cybersecurity measures.

To make cybersecurity a high priority across the organization, leaders must understand their infrastructure and establish a cybersecurity culture. If you promote a culture where cybersecurity is valued, your team will prioritize it and become more accessible.

If you want to be able to manage your network security, make sure you have the necessary software. For this, you will need a secure network to allow a safe environment for your users.

Additionally, update your hardware and software frequently to benefit from patches intended to fix security problems as they are discovered.

Key Takeaways

Significant data breaches and severe ransomware attacks can cause a company to suffer situations like going out of business, hurting the brand, customer retention, partner connections, and other aspects.

As businesses combat multiple cybersecurity threats, strengthening your cybersecurity measures must headline your organizational agenda.