“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
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!