Cybercrime costs more than 6 trillion dollars annually.. Here are the 10 best ways to deal with it
Hacker attacks and cybercrime of all kinds cost the global economy more than 6 trillion dollars last year 2021 only, and these crimes are expected to cost the global economy about 10.5 trillion dollars annually by 2025, according to what mentioned “Cybercrime Magazine” in a recent report.
In fact, if measured as a country, cybercrime would be the third largest economy in the world after the United States and China, and this represents the largest theft of economic wealth in history, and the damage caused by these crimes is significantly greater than the damage caused by natural disasters in one year, which is It is also more profitable than the global trade of all types of illegal drugs combined and in all countries of the world.
This poses significant challenges to providing cyber security to all companies, small, medium and large enterprises, as well as individuals and people everywhere in the world.
In fact, cybersecurity is no longer a luxury, but rather an urgent need for every human being in the world, and in this context I published platform TechWireAsia is a collection of very important tips for companies and individuals alike to follow in order to enhance cybersecurity for them, their companies and organizations in this new year 2022.
1- Prioritize cyber security
is found reconnaissance According to Trend Micro, 90% of IT decision makers claim they are willing to compromise on cybersecurity in favor of digital transformation, productivity or other goals, and 82% feel they have been pressured to downplay the importance of Cyber risks in their reports to their boards of directors.
In fact, this is short-sighted thinking, as the costs of dealing with any data breach for these companies would be enormous, costing at least $5 million per breach minimum.
Prioritize cyber security over anything else, so why buy umbrellas after the rain is over?
2- Do not neglect the protection of the data and privacy of your customers
Customers say online safety and security are most important to them, and KPMG suggests companies adopt a transparent and secure approach to how data is used, stored and shared; Not only will this allay users’ fears, but it will help build consumers and customers’ trust in your brand as well.
Don’t betray their trust, and make sure you have a strong protection system for their data and privacy.
3- Adopt an appropriate health protection policy
Ransomware is the biggest threat to businesses in this new year, and Sophos recommends that appropriate IT security policies be in place across the company.
In this context, ensure that you take proactive countermeasures such as monitoring features, backups and training in security skills to enable early detection of intrusion and intrusion attempts, and ensure that all employees in your company have the latest security updates installed on their devices.
4- Passwords are not enough
According to Verizon’s 2019 Data Breach Report, 80% of hacking-related breaches are attributed to weak passwords.
Therefore, passwords alone are not enough, and “Multi-factor authentication, MFA) should be the new standard.
5- Don’t trust anyone
We have said this repeatedly – and we say it again – do not trust anyone, do not give your passwords to anyone, do not reveal your data to anyone, and do not let anyone use your computer or any other device that you use at work or personally, even if it is the closest to you Simply don’t trust anyone.
6- Beware of technical support scams
More than 60% of consumers worldwide have fallen prey to technical support fraud. The victims are usually the new generation of young people who are overconfident in their technical skills in the IT field.
Do not trust these skills too much, there is always something new, and there is always someone who is more skilled than you and who monitors your every movement online, and we advise you to rely on chatbots that work with artificial intelligence to get the necessary technical support if you encounter any problem.
7- Giving priority to the security of 5G networks
5G technology is gaining more and more popularity in the Asia Pacific region, and will see more use in 2022 in the rest of the world, however, it comes with real security concerns, especially as it offers much greater possibilities for hackers and attackers. Therefore, the security of the fifth generation of networks must be given top priority to protect users, whether they are individuals or institutions and companies.
8- Remote work and protection requirements
We thought that remote work would decrease, especially with the end of the Corona pandemic, but it seems that this belief was nothing more than an illusion, especially with the spread of the new “Omicron” mutant all over the world.
Here, employees and companies must constantly implement and enhance easy-to-use cybersecurity tools and policies, and users must also improve their security standards at home, and ensure that their devices they use to work from home are completely safe in cooperation with the companies they work in.
9- Building closer relationships between developers and the cybersecurity team
Only a third of developers truly understand the security policies they work with and with, and this knowledge gap between security teams and software developers hampers initiatives such as zero trust and “securing the cloud.”
Companies should work to build closer relationships between developers and the cybersecurity team so that everyone is coordinated, and fully understands the security policies in place.
10- Outsourcing for Cyber Security
If your company is small in size, and you cannot afford to hire your own cyber security team, then cyber security services companies are the solution for you, but make sure you get the advice of a skilled and experienced cyber security member to ensure that you do not overpay for services that may not you need it.