The Norton Cyber Security Insights report found that 44% of consumers do not think that there are a sufficient amount of connected device users for them to be a ‘worthwhile’ target for hackers. However, cyber-attacks are a reality for all businesses, regardless of how big or small they may be.
86% of people have experienced a phishing attack*, only almost a third of them are unable to detect one.
Developed and developing countries are at risk too. Within the last year, 689 million people, in 21 countries, experienced cybercrime. A survey done on 17 countries between the years of 2015 and 2016 found that there was a 10% increase in cybercrime.
For businesses and individuals, the consequences of these attacks are monumental, and they can cost millions too. Some consequences are breaches and theft of trade secrets and confidential data, theft of corporate and financial information, theft of money, disruption of phone and computer networks and a holt in all systems, resulting in the inability to access any data and to trade. Resultantly, you can lose consumers due to decreased consumer confidence as well as taint your reputation. In terms of the law, because the data you hold is confidential client data, you may be faced with fines and regulatory sanctions – should it be proven that your company did not implement the necessary security measures.
Our Integrated Management System (MSX) merges all organizational systems and processes in to one common cohesive framework that drives business excellence and ensures continual improvement. MSX enables business leadership to view management performance across the business activities and assists leaders to make informed actionable decisions.
Detecting cyber-attacks, and preventing them, manually, is incredibly difficult and unreliable. The sophisticated technology of today has complex crime, and in the case of cybercrime, technology needs to fight technology.
These statistics do not serve as some kind of ‘shock tactic’, but rather to bring truthful awareness to our consumers that this is the reality of the digital world we live in.
At XGRC, we offer MSXCyber, which is an Information Security Management System (ISMS); a set of procedures and policies that are employed by organisations to control and manage information risks such as data theft and cyber-attacks. What makes this solution superior, is that it follows and certifies your company with ISO 27001 – an auditable international certification, requiring a company to establish, implement and maintain best-practice information processes via its ISMS. An ISO/IEC 27001 is imperative for demonstrating state-of-the-art information security standards to customers and potential clients.
For more information on ISMS and its benefits, visit https://xgrcsoftware.com/msxcyber/
*A type of social engineering attack used to steal data such as login credentials, credit card numbers. The attacker masquerades as a trustworthy entity, tricking victims into opening a text message, instant (or direct) message, or email.
MSX Cyber, part of the XGRC product range, assists organisations in driving performance and compliance with its integrated information security management system built on the ISO 27001 Information Security framework.