5 Benefits of Investing in Cybersecurity Awareness Training
Published: February 7th, 2022
In the world of remote work, cyberattacks are on the rise and becoming increasingly sophisticated. Over the past couple of years, many businesses have implemented remote work at some point. Some businesses have even made to switch entirely to working from home. Now more than ever, investing in cybersecurity awareness training for your employees is essential.
Your IT department is only as strong as the rest of your team. It is proven that the most significant threat to cybersecurity is human error. So, if employees aren’t trained on the threats and capabilities hackers possess, anyone in your organization could make a simple mistake that may cause harm to your business.
Here are just a handful of the benefits to implementing cybersecurity awareness training within your organization.
Protect Your Business
Cybersecurity awareness is important to reducing threats that could result in data breaches or other cyberattacks. Proper training can ensure that your employees are effective in implementing secure business practices. The more they know about security and the potential threats, the better they’ll be as an extra defense mechanism to protect your business.
Save Time & Money
Data breaches and cyberattacks can be costly, estimated to total an expense of $400 billion for businesses each year. Training your employees, however, could save you millions. A single attack in the United States can cost a business $15.4 million, on average. Even the loss of clients after an attack poses a threat of reduced revenues. The cost to provide cybersecurity training for your team is certainly worth it when faced with the fact that a cyberattack occurs every 39 seconds.
The time spent recovering after an attack can also cost you. Any downtime spent to restore your systems and return to normal business operations is an additional expense that must be considered.
Compliance
Cybersecurity is often a very important role in maintaining compliance. If you handle personal, sensitive, or confidential information, you are responsible for protecting that data and can be fined if it is mishandled. Compliance is not an option, it’s the law. One way to prevent fines and legal action is to make sure you and your employees are trained in best practices. This training will make your team familiar with compliance standards and teach them how they’re meant to handle sensitive information, adding another layer of security to your business.
Security-related risks decrease by 70 Percent when businesses invest in cybersecurity awareness training
Retain Your Clients' Trust
A cyberattack or data breach can greatly damage a business’ reputation. Studies show that 65% of consumers surveyed said they lost trust in an organization after being affected by one or more data breaches. Along the same line, you could lose partnerships or sponsorships with other organizations. On the other hand, if consumers and other businesses see that you’ve devoted the time and resources to continuous cybersecurity awareness training, they might be more inclined to choose your business over a competitor.
Boost Employee Confidence
The confidence of your employees is important to the safety of your business. With training, employees will be confident in making decisions regarding suspicious emails, links, or messages. You have the opportunity to reduce the possibility of human error being the cause of a data breach for your company. Training will also keep workers from second-guessing and doubting their choices, saving them time, and allowing them to be more productive.
These are just a few benefits that you’ll experience from implementing cybersecurity awareness training. They work together to minimize risks to your business and prepare your employees to make the best decisions when faced with potential threats. If you need help securing your business and you’re not sure where to start, call us at 877.426.1337 or visit our services page to learn more about our offerings and what we can do to help you succeed!
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