Monday, 15 March 2021

Not worried about cybersecurity? Think again!

What do companies like Sony, Yahoo, Microsoft, Marriotts, Facebook, Twitter have in common? They have all been victims of cyberattacks. Experts estimate that there will be a cyberattack once every 11 seconds in 2021, to compare, in 2016 there was a cyberattack once every 40 seconds. Dealing with a cyberattack comes at a huge price and is expected to cost economies USD 6.1 trillion, annually. You could be a nation, a company or an individual, but in today’s hyper-connected world, everybody is at risk of being a victim of a cyberattack.

Organisations have typically looked at cybersecurity as something only to be dealt with by IT Managers using a garden variety of firewalls and other technological tools often classified as cyber mumbo-jumbo. However, a cyber-secure environment is not just a product of tools, it is an approach and mindset that has to be integrated into every aspect of an organisation’s  online conduct. 

A startup faces many challenges across the board, from fund-raising to prioritizing their major spends. As an entrepreneur, it would be easy to believe that cyberattacks would be something faced by larger companies who have more to lose. Unfortunately, a cybercriminal only looks for opportunities and vulnerabilities, exploiting either one to move in for a kill. Case in point, in September 2020, New York based, cyber threat detection startup Cygilant was hit by a Ransomware attack and their data appeared on the dark web which was later removed but by then the damage was already done. 

A cyberattack can derail businesses easily and not every company has what it takes to recover from one. Fortunately, there is much that one can do to create an organisation that is resilient and secure from cyberattacks and especially as a startup, it can be something that makes you stand out from the crowd, making you more investment-friendly. Learn more about how this can be done by joining our Masterclass on Making Cybersecurity Your Competitive Advantage conducted by Ajay Singh, Corporate Advisor, Former CEO and Author of Cyberstrong: A Primer on Cyber Risk Management for Business Managers, on 17th March, between 5.30-7.00 pm! 

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We’re looking forward to having you join us for this super-relevant session! 

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