A recent NTT Security’s report showed that one third of business decision makers globally said that they would prefer to pay malware ransoms to hackers than to invest more money over the long term in cyber security. Why would they do that?
By taking this path, business leaders are showing an unprecedented confidence that their businesses will not be impacted by data breaches and other cyber threats. They might not see cyber risks as one of the most important ones for their firms’ survival. Unfortunately, this approach guarantees trouble once a cyber attack comes their way; no preparation means the adoption of a short-term, reactive approach to security that will instead drive up costs.
Part of the problem is certainly awareness; business leaders have not been informed of proactive steps they can direct their IT organization (and beyond) to take, and the impact of their non action in the bottom line (in case of for profit enterprises). These are areas I will speak about at my upcoming cybersecurity seminars with Terrapinn Training, Marcep and GLDNAcademy.