Cary, North Carolina, June 03, 2024 (GLOBE NEWSWIRE) — New data from the FBI shows that 2023 was a record year for cybersecurity claims for Americans, with potential losses exceeding $12.5 billion. INE Security, a global leader in cybersecurity training and certification, has identified five of the biggest threats impacting all major industries – data breaches, ransomware attacks, insider threats, cloud security vulnerabilities, and AI and machine learning threats . Through market research, INE has determined that these tactics are particularly disruptive across various sectors, including healthcare, government, finance, manufacturing, and education.
“The rapid evolution of cyber threats requires an equally flexible approach to cybersecurity training,” asserts Dara Warren, CEO of INE Security. “There is no shortage of data proving that threats are on the rise, while organizational budgets are tightening in At the same time, adopting a proactive stance and prioritizing employee training and education programs is a surefire way for industries to protect their critical data and maintain operational integrity in an increasingly digital world.
1. Data breaches
Data breaches occur when confidential information is accessed without authorization, resulting in significant financial and reputational damage. A recent report from IBM shows that the average cost of a data breach reached an all-time high in 2023 at $4.45 million, an increase of 15.3% over the past four years, and industries such as healthcare, finance, and retail are often targets because The sensitive nature of their data. To combat this threat, organizations must invest in comprehensive training programs that address current threats and mitigation techniques for IT/IS employees and educate employees about the importance of data protection practices. Regular training courses on topics such as secure password practices, recognizing phishing attempts, and safe use of the Internet can significantly reduce the risk of a data breach.
Preventative measurements:
Implement role-based access control to ensure that employees only have access to data necessary for their roles. Regularly update and patch systems to fix security vulnerabilities. Conduct frequent security awareness training focusing on the latest data protection strategies.
2. Ransomware attacks
Ransomware attacks, which involve encrypting a victim's data and demanding payment for decryption, have been increasing in frequency and sophistication. They can paralyze entire systems, leading to operational disruptions and financial losses. Industries such as government, education, and healthcare are particularly vulnerable due to their reliance on outdated systems. According to the FBI's Internet Crime Complaint Center (IC3), healthcare, critical manufacturing, and government facilities are the top industries at risk of ransomware attacks. Preventing ransomware attacks starts with education on how to recognize suspicious emails and websites, as they are common entry points for attackers.
Preventative measurements:
Train employees to recognize and report suspicious activity and phishing attempts. Make regular backups of data and store them offline or in a separate secure location. Cross-networking and cybersecurity professionals work side by side to prevent or mitigate further losses to an organization.
3. Internal threats
One sensitive piece of information about a company can put the entire company at risk of exploitation. Insider threats arise from individuals within an organization who may intentionally or unintentionally compromise security. These threats are particularly insidious because they bypass traditional security measures. Industries with large amounts of private data, such as technology and corporate services, are at greater risk. With an average turnover rate of 10.6% across industries and about 12% of employees taking sensitive IP with them when they leave, according to the DTEX 2023 Insider Risk Investigations Report. Educating employees about the ethical and legal implications of data security, along with regular audits and monitoring, can That reduces these risks significantly.
Preventative measurements:
Conduct thorough background checks during the hiring process. Implement strict data access and security policies, reinforced by ongoing training. Use behavioral analytics to detect access patterns and abnormal behaviors among employees.
4. Cloud security
As businesses increasingly rely on cloud computing, security risks associated with cloud storage and services have become a major concern. Misconfigurations and inadequate access controls can expose sensitive information. Industries such as e-commerce and professional services, which use cloud services extensively, should focus on training employees to effectively manage and secure cloud environments. According to INE Security's Future Cloud Security: Challenges and Solutions in 2024 report, employee training programs are the most effective way to keep organizations secure in a cloud-based environment. This tactic follows software monitoring and incident management, software updates, incident response planning, and data encryption.
Preventative measurements:
Train employees on secure cloud practices and the importance of using strong, unique passwords. Implement multi-factor authentication and encryption for data at rest and in transit. Regularly review and audit cloud configurations and access permissions.
5. Threats of artificial intelligence and machine learning
Artificial intelligence (AI) and machine learning (ML) are powerful tools for data analysis and automation, but they also pose unique security challenges. These technologies can be manipulated to create complex cyberattacks or exploit vulnerabilities. According to Splunk's State of Security 2024 report, 44% of respondents believe generative AI will be a net gain for cyber attackers, and a large majority say it expands the attack surface to a “worrying degree.” Industries that benefit from AI and machine learning, such as finance and telecommunications, must educate their workforces about the potential risks and ethical use of these technologies.
Preventative measurements:
Implementing security protocols for artificial intelligence and machine learning systems. Educate developers and users about the ethical implications and potential biases in AI/ML algorithms. Regularly update and audit AI systems to prevent and respond to threats.
Conclusion
The ever-evolving cyber threat landscape requires constant vigilance and adaptation. Training and education are some of the most effective tools in an organization's arsenal to combat these threats. By fostering a culture of cybersecurity awareness and staying up-to-date on the latest security practices, industries can not only defend against current threats, but can also prepare for future challenges. As technology continues to advance, the focus on comprehensive cybersecurity training will be more important than ever to ensure the safety and integrity of critical data across all sectors.
About INE Security:
INE Security is the premier online cybersecurity training and certification provider. Harnessing the world's most powerful hands-on lab platform, cutting-edge technology, global video distribution network, and world-class trainers, INE Security is the best training choice for Fortune 500 companies worldwide, and for IT professionals looking to advance their careers. INE Security's range of learning paths provides an unparalleled depth of cybersecurity expertise and is committed to providing advanced technical training while also lowering barriers worldwide for those looking to enter and excel in an IT career.
