By Nick Bianco
Cybersecurity can be a magnet for myths. Attacks emerge and cripple systems availability or swipe data quickly and unexpectedly. It happens so fast that the myths so many of us hold onto as facts are only apparent in the aftermath of an attack.
While many cybersecurity myths persist, some are more damaging than others. Let’s examine four common cybersecurity myths and their impact on risk.
Thinking you’re not a target is one of the biggest mistakes your company can make. According to data collected from more than 2,200 confirmed data breaches, 58 percent of security event victims were small businesses. Why would malicious actors target small companies?
Some organizations rationalize a small cybersecurity budget by arguing that investing in security is a losing game. They hear about security breaches at large organizations, with presumably large cybersecurity budgets, and assume if these organizations can fall victim, then what chance does their organization have? Let’s look at a few reasons why this is not the case.
Often, organizations incorrectly assume their security risks remain relatively static, when they don’t have a way to effectively evaluate those risks. Projecting future risks based on historical events can be dangerous, especially because people often underestimate the following:
Organizations prioritize investment in services that generate revenue, especially when budgets are tight. This can leave cybersecurity, viewed as an expense, on the back burner. But cybersecurity can be a revenue generator – here’s how.
Whether it’s assuming you’re not a target or that security spend is only ever an expense, buying into these common cybersecurity myths can set your organization up for serious disruption, unhappy customers, a tarnished reputation, not to mention the cost of recovery.
What are some other cybersecurity myths you’ve encountered?