No one is safe. While this statement may sound ominous, when it comes to cybersecurity, it’s pretty realistic. Unfortunately, many businesses choose to ignore the realities of cybercrime and adopt an “it’ll never happen to me”, approach to cybersecurity. Which is a bit like going skydiving without a parachute, or life insurance.
If you’re the CIO of one of these businesses, here are a few frightening cybersecurity statistics you should take into consideration as you plan your IT security strategy for the new year.
According to PwC’s Global Economic Crime Survey 2016:
- Cybercrime has risen to fourth on the list of most reported economic crimes in South Africa.
- In 2016, 32% of organisations were affected.
- Some 57% of organisations expect to be affected by cybercrime in the next two years.
- Since 2014, there has been a 23% increase in cybercrime.
- Frighteningly, 16% of organisations are unsure whether or not they’ve been a victim of cybercrime.
- Only 35% of respondents have a fully operational incident response plan; 13% don’t know if they have one and 12% don’t have one, nor do they intend implementing one.
But it’s not only businesses that are affected by cybercrime. CIOs must also consider normal people as part of their IT security strategy as their habits and behaviour could affect your ability to do your job.
According to Norton’s Cybersecurity Insights Report:
- While South Africans are more engaged with the topic of security (78% acknowledge the need to actively protect themselves) it is still perceived as a hassle.
- A third of South Africans admit to password sharing. Email account login details are most commonly shared.
- While roughly 70% of people will change a password after being compromised, about 30% don’t change their passwords at all.
- A fifth of South Africans don’t have a password on their smartphone or desktop computer.
If these numbers are anything to go by, it’s clear that cyber activity is on the rise. What’s also clear is that many organisations aren’t properly prepared to safeguard their network against an attack, nor is their IT security strategy geared to handle the aftermath of being hacked. Similarly, the man on the street may be aware of the risks but that doesn’t mean that they’re taking the necessary precautions.
At Internet Solutions, we understand that no company wants to have their systems or data compromised. Should trade secrets, financial statements or any other confidential information fall into the hands of the wrong people, the effects could be dire. We have all the solutions you need to keep your organisation safe and to help you detect any attempts to breach your systems.
If you don’t want your business to become another cybercrime statistic, it’s important to know what you’re up against. Our Global Threat Intelligence Report for 2016 has all the information you need. Download it here.