It’s startling to comprehend that only 66% of businesses surveyed by OpenVPN require security training for their employees even though 73% of VP and C-suite leaders believe remote workers pose a greater cybersecurity risk than onsite employees.
They also found in a previous survey that 25% of employees use the same password for everything.
And 26% of companies aren’t providing any cybersecurity awareness training to users who work remotely, according to recent research from KnowBe4, a cybersecurity provider.
Remote workers are more at risk for cyberattacks. In fact, working from home increases cyberattack frequency by 238%, states Alliance Virtual Offices.
More and more companies are shifting to remote and hybrid work arrangements, which presents a new set of benefits and challenges. Cybersecurity is critical when working remotely because organizations have less access to employees’ home networks and equipment and remote and hybrid employees don’t necessarily have direct or daily access to the IT department for support.
Cybersecurity risks affect an organization’s reputation, financial stability, and legal standing.
As statistics show, the risks of cyberattacks are extremely high, especially when working remotely. The number of cyberattacks around the world is on a rapid rise. As each hour passes, technology continues to evolve and so do the tactics used to deceive and attack companies.
With the evolution of AI, almost anything is possible! Take the recent example where an AI bot interviewed with a cybersecurity company and received a job. The criminal intended to exploit the company’s payroll system. And yes, this is a real-life example. It highlights the sophistication of modern cybersecurity threats and why proper training programs for all employees are a no-brainer!
A cyberattack on an organization typically begins with an attacker exploiting vulnerabilities in the organization's network or systems. This can involve phishing emails which trick employees into revealing sensitive information or installing malware. For instance, well-known threat groups (aka THIEVES!) recently caused global outages when they attacked CrowdStrike.
These attackers may claim they are assisting with resolving issues or implementing urgent updates. Once inside the company’s system, the attacker may escalate their access to gain control over critical systems or sensitive data. The final goal can vary from stealing sensitive information to disrupting operations, depending on the attacker’s motives.
Cybersecurity is not just a concern of the company’s IT department; every employee must stay proactive. It’s critical to always take the following steps to help safeguard the company’s systems and the employees’ personal information.
“In our interconnected world, vigilance against cybersecurity threats has never been more crucial, especially in times of stress and uncertainty. As hackers grow more sophisticated, they challenge not just individuals, but businesses and governments alike. To protect our digital assets, we must stay informed, proactive, and resilient. Cybersecurity isn't a one-time solution, it's an ongoing commitment to safeguarding our personal information, our privacy, and our financial data. Only by embracing best practices can we create a more secure digital future for all.” - Adam Keisling, HSI IT Senior Director
By 2025, 32.6 million Americans will work remotely, according to Upwork. This projection suggests a continuous shift toward remote work. In fact, 98% of workers express the desire not to work in an office.
Employees must play a more active role in maintaining cybersecurity.
According to a recent study by the CyberEdge Group, “the average cost of downtime caused by a ransomware attack is $5.1 million per organization. This includes the cost of lost productivity and revenue, IT labor, and post-attack expenses such as cybersecurity remediation, legal fees, and loss of customers.”
60% of small companies will go out of business within six months of a data breach or cyberattack, states Cybercrime Magazine.
73% of executives believe remote workers pose a greater security risk than onsite employees, according to OpenVPN. This concern stresses the need for robust security policies and proper employee cybersecurity training programs around safe digital practices in remote work environments.
All businesses must come to terms with the potential risks that come with a remote workforce. It is imperative to remain vigilant to prevent any incidents that could cause significant disruption. Sensitive information must be kept secure.
Proper cybersecurity training is of utmost importance as more employees continue to work outside of the traditional office environment. Training should be kept up to date to keep employees well informed of security awareness updates and alerts about the current cybersecurity threats that may come their way.
HSI has a wide range of both video and content-based employee training that can help organizations mitigate cyber risks in this new normal. Even taking basic training will put companies at less risk. Here are just a few: