Business Privacy

Only 14% of Businesses Have Implemented Basic Cybersecurity Practices

The Infinite Brief
According to Verizon’s Mobile Security Index 2018, only 14% of the responding organizations said they had implemented even the most basic cybersecurity practices, with an astonishing 32% of these IT professionals admitting that their organization sacrifices mobile security to improve business performance on a regular basis.

Businesses, regardless of size or technical sophistication, can’t afford to continue treating cybersecurity, especially with regard to IoT, as an afterthought.

According to a 2018 report from security company Symantec, the number of Internet of Things (IoT) attacks increased from about 6,000 in 2016 to more than 50,000 in 2017, which translates into a 600% rise in just one year.

Besides the obvious costs of lost productivity from system downtime, there is a substantial potential for fines and penalties stemming from data loss and violation of privacy regulations.

Curated from TechRepublic

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