The Benefits of Investing on Cyber-Security Training for your Staff

The Benefits of Investing on Cyber-Security Training for your Staff

 

Phishing scam is when cyber-criminals pretends to be a trusted person or company in order to get the email recipient to provide sensitive information or infiltrate their computer network.  Phishing scams have been going on for a long timeCybercriminals’ techniques are always evolving. They adapt to the latest trends and find new ways and tactics to avoid getting caught. 

The most vulnerable target of this phishing scams are your employees. There are many varieties of phishing scams that employees are susceptible for. For instance, administrative assistants receiving fraudulent email requests from their CEOs asking them to purchase high dollar amount gift cards with the intention of stealing the gift card numbers. Another example, are email alerts sent to staff claiming to be from the IT administrator, instructing users to click on a hyperlink that contains malware. These are just two examples of phishing scams that your employeemay be exposed to. 

As a company, one of your best defenses is to invest on cyber security awareness training for your staff. An extensive security awareness training program defines clear cybersecurity knowledge for all the staff and educate them on how to recognize attack angles and help prevent incidents and to better respond to potential threats. 

Here are some benefits on investing cyber-security training for your staff: 

  • Avoid Potential Financial Loss- Statistics shows financial losses that stems from email phishing campaigns cost companiesbetween $25,000 to multi-million dollars.   
  • Avoid Reputable DamageGaining clients trust back is very hard to obtain after a significant cyber-security incident. Especially if clients’ data are involved in the attack and if it’s been publicized.   
  • Avoid Business DisruptionsData shows it takes at least 100 days just to detect a data breach and at the minimum 6 months for companies to recover from the breach. Some businesses suffer great financial losses where they don’t recover at all.