Cybercrime is predicted to cost the world $6 Trillion USD by 2021

Is your industry one of the world’s fastest growing?

Cybercrime is and it is predicted to cost the world $6 Trillion USD by 2021 1 and according to the FBI’s 2019 Internet Crime Report one of the most successful cyber-attacks, accounting for $3.5 Billion USD in losses is Business Email Compromise (BEC).

This is where a “hacker” using compromised internal or third party accounts send legitimate looking email to trick unsuspecting staff into following instructions such as payment of bogus invoices into false accounts etc – I suspect you’re sitting there saying “it would never happen to us our staff know what a fake email looks like”.

So, it may surprise you to learn that more than 90% of all cyber-attacks are initiated by these type of BEC phishing scams on unsuspecting users 1 it just takes “one click” by just one member of staff to unleash a cyber-attack on your business.

FUN FACT: According to the 2019 Verizon Data Breach Investigations Report nearly a third of all breaches in the past year involved phishing. The worse phishing news is that its perpetrators are getting much, much better at it thanks to well produced, off-the-shelf tools and templates. They even have social media store fronts and prices start at $99, with the kits coming with their own security and evasion features 2.

Our best advice – make sure your cyber awareness training is relevant and conducted on an ongoing basis you don’t want to be caught short. Here are some questions to get you started:

⦁ Have you reviewed your cyber awareness training regime in the past 12 months (the Hackers have)
⦁ Is your cyber awareness training tailored to your company or your industry?
⦁ Do you know how many staff have successfully completed their cyber awareness training?
⦁ Do you know how many attempts your staff took to successfully complete their cyber awareness training?
⦁ Do your staff receive personalised training on topics they make struggle with i.e. take more than two attempts to get right?

If you answered no to any of these questions or would like more information on how to review or update your current cyber awareness program contact us at BCyber on +61 2 8338 8900 or email on support@bcyber.com.au

Notes
⦁ Dishing on Phishing: Who’s training your employees on cybersecurity, Cybersecurity Magazine 14/12/19
⦁ 2020 Cybersecurity Trends: 9 threats to watch CS0 Daily 12/12/19

About BCyber

BCyber provides cybersecurity for business in protecting intellectual property from security threats and infringements. Through the investment directly in other global cybersecurity firms, we aim to seek strategic licensing agreements for distribution of solutions. The solutions invested will be aligned with the protection of IP in social media, domain name management, infringement and cybersquatting.

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