How many website tabs do you think you have open in a given day? Is it 5? 6? 25? Or more? Among those open tabs, how many do you think are or could be exposed to a form of malware or security threat? How many do you think are at risk of being compromised and your private or company data accessed?
Whether it’s your neighborhood bank, significant other, your home computer, or one of the world’s largest corporations, data breaches can happen to anyone. In a digital-first world, data reigns supreme, and with this data comes the risk of it being compromised.
Cybersecurity is a growing concern that interlaces with an organization’s digital transformation strategy, simply because the two can no longer be ignored. If an organization wants to stay competitive, it must adopt a robust hyperautomation strategy. With more robust digital transformation efforts, though, come more opportunities for cybercriminals to take advantage of an organization. According to the 2022 Gartner Board of Directors Survey, 88% of board members classified cybersecurity as a business risk while McKinsey & Company reported that the adoption rates of digital or digitally enabled products accelerated by seven years.
Understanding the importance of cybersecurity is one thing but actually safeguarding data as different technologies emerge is another thing entirely, as businesses must account for things like moving to the cloud, employees working remotely, and disparate data sets and systems that only heighten the risk of being compromised.
Consider the latest in the hacking world that occurred to LastPass, the world’s top password manager. How can the world’s leading password manager—a company in the exclusive business of safeguarding 20 million customers’ private and sensitive password information — get hacked?
It’s simple: it can happen to anyone. While no passwords appear to have been revealed during the hack, some portions of source code were compromised—only the latest in a string of LastPass security issues.
This doesn’t mean that LastPass isn’t still one of the most robust password security companies but only stresses how important it is for organizations—large or small—to have cybersecurity measures in place.
From malware to phishing to password hacking, there is a laundry list of cybersecurity threats. When considering the future of cybersecurity, then, organizations must consider a number of factors and growing trends in their digital transformation strategy.
While getting started can be overwhelming, there are many different measures that an organization can take to combat these growing cybersecurity threats. Some examples include:
Cybersecurity is not a new thing but in recent years, the “cyber pandemic” has created even more vulnerable pockets among organizations. Now, all industries and employees are potential targets, and organizations must take action to create stronger security measures and foster a security-first mindset.