More than 90% of cybersecurity breaches are due to human error. Organizational culture is a key driver in protecting against cyberattacks, and culture is driven from the top down. Decisions at the executive level can help drive good cybersecurity practices, leading to well-run, well-protected companies.
While the likelihood of a cyberattack is high, all signs indicate that if things are done correctly at the top and communicated down to the entire company, the effects and cost of defending against and recovering from data breaches can be reduced substantially.
As business becomes more digital, the need for top-level buy in has never been stronger. In fact, by 2020, 100% of large enterprises will be asked to report to their board of directors on cybersecurity and technology risk at least annually.
The Impact of a Cyberattack on Your Organization
Most businesses understand cybersecurity is a necessity in today’s business landscape. A single cyberattack, whether or not it’s successful, can have a devastating effect on all areas of your operation.
On average, it will take 280 days to identify and contain a cyber threat. Are you prepared to wait that long? Could you survive having all operations shut down, dealing with fearful customers and having millions of dollars spent on operating without incoming revenue?
This is an organization’s reality after a data breach. Survival is directly related to leadership, execution and sustainability of key cybersecurity practices.
The risks of cybersecurity are no longer contained to the IT department. Everyone has a stake in keeping your business protected.
Why Cybersecurity Matters
Cybersecurity is the combination of people, processes, products and technology that protect an individual or an organization and its networks from digital attacks. Cybersecurity can also be known as IT security and encompasses the following areas:
The practice of cybersecurity is important because it protects organizations and their networks from exposing financial or sensitive business data, as well as personnel information. It’s estimated that the average cost of a cyberattack is more than $1 million and results in operational/productivity loss.
A Trusted Cybersecurity Advisor Can Help You Feel Confident in Your Security
Eide Bailly’s cybersecurity advisory team provides guidance, strategic direction and prioritization of business objectives and risks. Our goal is to ensure your cybersecurity strategy is appropriately aligned. We keep you up to date on current security risks and ways to keep your environment safe. Our team can also advise on proper checks and balances, as well as the right safeguards to protect against risk.
Our cybersecurity advisory services provide an understanding of where our clients need to focus their resources and how to implement them by building out plans easily integrated into their unique environments. We also provide training services to educate our clients in the foundational aspects of cybersecurity.
We didn’t realize the amount of risk we had in our environment until we had Eide Bailly do a security assessment. It was eye opening."
"The cost of having a periodic external assessment of our security more than pays for itself when you consider the cost we would incur if we had a security attack. It also insures we have the proper checks and balances in place to ensure we are doing the right thing. Working with Eide Bailly gives me peace of mind knowing that we are protected or at least our risk is greatly reduced by having these safeguards in place."
Eide Bailly really raises the level of your technology and what you can do in your business.”
Eide Bailly provides consulting services to assist with understanding risks related to the security of your systems and data. Eide Bailly assists leadership and IT personnel in identifying gaps in within their security program and provide recommendations to improve the organizations cybersecurity posture.
Provides guidance and assistance in understanding where an organization’s current security activities do not align to industry best practices. Eide Bailly’s Security Roadmap not only identifies gaps in the organization’s current security activities but also outlines an approach and plan for helping the organization meet its security objectives.
Working with you, we develop a tailored security training webinar as well as On-Demand training that ensures users are educated on the organization’s relevant security policies and understand their role and responsibilities in helping protect the organization from cyberthreats. The trainings will provide general awareness that can be used at work and at home.
Cybersecurity threats never happen when it’s convenient. If you’re experiencing a data breach, you need a team on your side to uncover the truth and create a plan forward. Our 24/7 data breach hotline will help know what to do next.
Building a culture of security is critical for future success and long-term viability. Yet, for many organizations, lack of expertise, understanding and resources prevents them from truly implementing effective cybersecurity efforts.
Understand the impact of cybersecurity with our Eye of the Storm guide.
Director/Cybersecurity Practice Leader
Build a culture of security today.