Cybersecurity Awareness is Key to Protecting your Organisation from Cyber Threats


Cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015. As cyber-attacks continue to rise, organisations need to prioritise security in their IT budgets and infrastructure. Compliance will remain the top priority for many companies, but they will have to up their game to avoid becoming victims. According to the Ponemon Institute, 61% of the victims of recent cyberattacks failed to remediate their compromised systems.

Ransom demands will continue to rise as hackers take advantage of improved infrastructure and increased technological capabilities. Ransomware attacks are becoming far more common.

Data breaches will also continue to increase, and organisations will spend more money to repair the damage. A recent cyberattack at insurance giant CNA Financial led to a $40 million ransom payment*.

While many smaller organisations may know cybercrime basics, they are generally unaware of the risks and extreme consequences. 43% of cyber-attacks target small businesses, but 70% are unprepared to deal with a cyber-attack.

A good cybersecurity awareness training program should be accessible to all employees and effectively educate your staff about cyber vulnerability.

This will help organisations avoid reputation damage as well as costly cyberattacks. Internal training programmes are essential as these numbers show: In 2021

  • 85% of breaches involved a human element

  • 61% were due to stolen or compromised user credentials

  • Social engineering was observed in over 35% of incidents

Organisations that are serious about protecting against cybercrimes need to commit to maintaining a culture of cybersecurity awareness and invest in proactive preventative controls. Cyber attacks will become more and more prevalent as the Internet becomes more omnipresent as we move into web-based virtual reality environments and open up additional vulnerabilities and access channels.

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