In the ever-changing cyber security threats landscape, cybercrime will cost the world $6 trillion by the end of 2021. This number will rise to $10.5 trillion by 2025. The constant barrage of headlines about corporate data breaches makes us aware of the vulnerability of our data in a digitally connected world.
The problem is that individuals and organizations can get complacent if they believe in the not-always-accurate cybersecurity myths and get a rude awakening when their data is compromised. Myths slow down the adoption of best practices and are damaging to not just the brand image but also their bottom line. Here are the top 10 cybersecurity myths that could be putting your organization at huge risk.
Myth 1: I’ll know right away if any of my systems get affected
This would have been accurate over a decade ago when viruses would cause your computer to slow down, load pop-ups, and other issues. Today’s malware, on the other hand, is quite subtle. They now take their time to surface, progressively compromising your device while everything else continues to function normally. This allows the virus to gain access to your files and wreak substantial damage before being noticed.
Modern ERP systems use one centralized database or integrated layers that connect to different databases (HR systems, CRM, Products, etc) to provide unified data access and visibility. . The big benefits it provides are also the reason why ERP solutions are the prime targets for cybercriminals. Last year saw a record number of ransomware and cyberattacks on small and medium businesses. Remote working, further, threw up gaps in security systems that made them vulnerable targets.
It is critical that all laptops and mobile devices accessing organization systems have reputable anti-virus software. It is just as important to be aware that out-of-date software is a high risk. Ensure security patches are upgraded, always have a double-authentication system, and have an updated