“Companies spend millions of dollars on firewalls, encryption, and secure access devices and it’s money wasted because none of these measures address the weakest link in the security chain: the people who use, administer, operate and account for computer systems that contain protected information.” – Kevin Mitnick, The World’s Most Famous Hacker

Are You Wasting Money on the Wrong Aspects of IT Security

According to Accenture’s 2019 Cost of Cybercrime Study, the average cost of cybercrime for an organization increased US$1.4 million to US$13.0 million. As such, the importance of having good cyber hygiene is rapidly being recognized by organizations. Even in Singapore, the need to prevent unauthorized access to your company’s data is a reality. In one of the cases among the data protection enforcement cases earlier this year, a financial penalty was imposed on a local company for failing to put in place reasonable measures to minimize human error which led to unauthorized access and modification to an IT system provided to a client.

At CyberQuote, we believe educating the users is key to having good cyber hygiene. Our Cyber-Safeguard Awareness Programme (C-SAP), which is accredited by the Institute of Banking and Finance (IBF), is designed for companies to increase cyber security awareness of their employees. For more details, please contact us today!

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