Industry & Regional Dangers Can Complicate Your Security
While you’re considering your security needs, are you also considering your unique threats by industry or region? Cybersecurity isn’t a one-size-fits-all proposition in any business. you may face a higher incidence of certain threats depending on your region, as some cybercrime types are more prevalent by locale. In North America, Asia and Australia, social engineering through things like phishing reign as the leading regional cause of danger, but for European firms that factor changes to web application attacks, with social engineering in third place.
The reasons why companies are attacked change by region as well. Malicious insiders and cybercriminals have different motivations for undertaking cyberattacks in different parts of the world, and that can add variables that change your risk calculation. In North America and the Asia Pacific region including Australia, over 96% of the bad actors involved in data breach incidents are in it for the dough. While that is still the largest motivator for bad actors in Europe, that figure drops to 89%.
Considering regional and industry risks is also important when you’re forming relationships with new vendors to determine what level of risk they may be bringing to the table. Unaddressed vulnerabilities in a supplier or service provider’s cybersecurity can have a negative impact n your business too. One great way to mitigate that risk is to add multifactor authentication (MFA) to your credentials to provide extra protection against intrusion with a stolen or compromised credential. An affordable secure identity and access management solution like Passly includes MFA and more tools to help you guard your systems and data from third-party risk.
To make sure that you’re protecting your organization correctly and completely, schedule a cybersecurity tuneup at least once per year. By going over your resources and determining where you may have unexpected vulnerabilities because if regional variances, you’ll increase your company’s cyber resilience making it more able to withstand a dangerous cybersecurity landscape.
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