While the topic of cybersecurity has been at the forefront of the news cycle in recent months, the discussion has mainly focused on the federal government. But while interests of national security have great merit, we must not forget that cybersecurity has many layers. The systems we depend on for electricity, water, healthcare, transportation, finance and more, operate on connected systems that can become targets just as much as an email server or government network. A single devastating attack on our critical infrastructure can place all of these critical resources at risk.
Cyber threats today are evolving, becoming more sophisticated and making it critical for organizations to educate, implement and encourage employees to follow cyber best practices. In a recent RAND Corporation report, sponsored by Juniper Networks, it was projected that the cost to businesses in managing cybersecurity risk is set to increase 38 percent over the next 10 years.
As our world has become ever more connected, we’ve all learned common online safety tips. It’s now second nature to use strong passwords and antivirus software; take care when connecting to public Wi-Fi; and remain alert to social engineering scams (e.g., phishing).