Merely mitigating external cybersecurity threats isn’t enough when it comes to fighting cybercrime in today’s ever-evolving threat landscape. Although insider threats can be as devastating and as deadly as their external counterparts, most businesses fail to track and manage insider threats adequately.
Although the technology-driven era we live in has made information sharing and data access very efficient, it has also brought forth a new set of challenges. One of the major challenges businesses face in this day and age is the rising threat to data security.
Insider threats are among the most dangerous cyberthreats out there. Yet, organizations of all sizes seem to be either reluctant or negligent when it comes to fighting them.
In 2018, BlueFace predicted that remote work would start competing with office work by 2025. Little did they know that the pandemic would accelerate this process tenfold. Businesses were thrown into the deep end when they had to suddenly switch to a fully remote workforce.
In today’s world, businesses gather, analyze and process large volumes of digital data on an everyday basis. From identifying common customer behavior to creating campaigns that target the right audience, business data plays a critical role in the everyday functioning of a company.
A secure and compliant work environment is what data protection regulations worldwide mandate your business to build and maintain. It must be secure enough to mitigate as many risks as possible and be compliant with every single rule/guideline listed in the regulation.
No data protection regulation anywhere in the world expects your business to have a 100 percent perfect plan for fighting cybersecurity threats. However, your business is definitely expected to install all the necessary checks and balances that make up a resilient defense.
The COVID-19 pandemic has changed everything about the world as we know it. Just as we started embracing new practices like sanitizing, social distancing and remote working, the pandemic has also forced us to embrace systemic changes in the ways we deal with cyberthreats.
Over the last few years, we have seen several tech companies, such as Buffer, Todoist and Help Scout, to name a few, switch to a fully remote or partial work setup.
No business today is 100 percent secure from cyberthreats and more businesses are waking up to this reality now than ever before. It’s no wonder cybersecurity investment in 2020 is pegged to grow by 5.6 percent to reach nearly $43.1 billion in value.
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