Principles of an Effective Cybersecurity Strategy

According to MetricStream’s, ‘The State of Cyber Security in the Financial Services Industry’ report, around 66 percent of financial services institutions have faced at least one cyber-attack in the last 12 months. The cost of this can even result in a complete shutdown of the business."

Click To See - 10 Live Hacking Tracking Maps

Infographic: Cyber Security Concerns

cyber security concerns

Cyber Security Concerns

Technology is moving forward at a rate we have never seen before. While the internet was something we once needed a computer to access, it can now be accessed on an endless number of remote devices thanks to Cloud technology and a relatively new term called the “Internet of Things “.  However, there are also concerns about a world that connects technology in such a way as seen with the recent attacks. More devices connected via the cloud mean more opportunities for hackers to access and/or steal your data.

Security Concerns

Here are a few of the findings related to IoT in the infographic discovered via Raconteur:

  • 25% of all hacks and cyber-attacks on businesses will involve IoT by 2020.
  • Only 10% of IT and security budgets will go towards thwarting those attacks.
  • People are much more concerned about personal details and identification numbers getting out than they are about work-related records and information.
  • Last year, IoT only had a 7% share of the cyber-security market, but that will rise to 38% by 2020.
  • Manufacturers and security standards aren’t sufficient enough when it comes to IoT.

By Kale Havervold

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