2019 Cybersecurity Almanac is a Must Read

Education is probably the best way companies can reduce the risk of being a victim of a cyberattack. This is why the federal government has stepped up its outreach by releasing tips and ideas on how to stay secure. Yesterday we covered the FBI’s latest tips on keeping your company from becoming a victim of a phishing attack.

Every company is at risk. In the past year alone 2/3 of small and medium businesses have become a victim of a hack.

This is why the Cybersecurity Almanac – a post by Steve Morgan, Editor-in-Chief of Cybersecurity Ventures is a must read – this knowledge can be useful in preparing for a possible future attack.

Cybersecurity Ventures predicts that cybercrime damages will cost the world $6 trillion annually by 2021 – exponentially more than the damage inflicted from natural disasters in a year, and more profitable than the global trade of all major illegal drugs combined. 

The 5 most cyber-attacked industries over the past 5 years are healthcare, manufacturing, financial services, government, and transportation. Cybersecurity Ventures predicts that retail, oil and gas/energy and utilities, media and entertainment, legal, and education (K-12 and higher ed), will round out the top 10 industries for 2019 to 2022.

Global ransomware damage costs are predicted to hit $20 billion in 2021, up from $11.5 billion in 2019, $5 billion in 2017, and just $325 million in 2015, according to Cybersecurity Ventures.

These are just a few of the amazing and downright scary stats and predictions. The entire page is worth a read.

How do you stay secure or at least drastically reduce the risk? Just follow these three steps. Good luck!

1) Read cybersecurity essentials – a simple list which will help most organizations become far more secure.

2) Go to a phishing simulation vendor now and sign up for one of their offerings. Phishing BoxKnowBe4 and Phish360; are all great. This is needed to train workers by testing them without their knowledge by sending real-looking emails to their inboxes. If they click, they are immediately trained on what not to do.

3) We also recommend you get a free evaluation of your cybersecurity risk from an MSP/MSSP immediately – they can also help you build in the needed compliance to reduce the risk of being fined.

 

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