In 2012 when FBI director Robert Mueller said in an interview that “There are only two types of companies: Those who have been hacked, and those that will be.” World then ignored his comment about the threat cyber criminals poses to U.S organizations and government. But four years on, when we look back at his statement, we realize that what Robert said then is becoming a reality with time.
Last year we saw some major companies in finance, online, medical and insurance sector targeted by the hackers and some of them are still facing lawsuits from their customers. It’s not the cyber-attack that affects an organization; there is a hefty cost an organization pays once it fell victim to cyber criminals.
In past year cybercrimes costs organizations around $400 Billion, which includes damages an organization suffered after the cyberattack. The costs include the direct damages plus post attack disruption to an organization.
Since 2012 the costs of cybercrimes have been increased four times. And according to a research by Juniper, the costs of cybercrimes will reach $2 Trillion. This should be shocking and worrying sign for every organization around the world. Other key findings in JUNIPER research are:
- Nearly 60% of anticipated data breaches worldwide in 2015 will occur in North America, but this proportion will decrease over time as other countries become both richer and more digitized.
- The average cost of a data breach in 2020 will exceed $150 million by 2020, as more business infrastructure gets connected.
The question now is how an organization can prepare itself for such threats? Hiring a bunch of IT guys with limited knowledge about cyber security is an open invitation to any hacker. Yes; it is hard to find skilled cyber security professionals nowadays, but with proper cyber security training anyone can learn the skills needed to defend an organization against the biggest threat of this decade.
It has been 5 years since EH Academy (Ehacking) has been fighting to save and educate the world about these threats. But we are fighting a losing battle; just because the lack of interest of common people in the cyber security industry. There’s only one way an organization can fight this modern era threat; either to hire a professional cyber security specialist or train its own employee to be the one.