In often the most elusive, making even the most

In the age of mobility, modern companies are continuously being exposed to Cybersecurity with the average cost of a breach in South Africa at R32 million and global ransomware damages set to exceed $5 billion.See the numbers behind the threats companies faced in the past year: 1. RansomwareRansomware is currently many hacker’s preferred method of attack—and it’s often the most elusive, making even the most sophisticated IT security systems ineffective.According to think-tank Cybersecurity Ventures, the number of global ransomware attacks on businesses in the last two years are up 15X—with damages predicted to exceed $5 billion.  To put that into perspective, the FBI reports that more than 4,000 ransomware attacks occur per day, a 300% increase from 2015. 2. Overconfident Users78% of people claim to be aware of the risks of unknown email links and yet click them anyway.Friedrich-Alexander University (FAU)  Perhaps most startling was a study by Friedrich-Alexander University (FAU), where 78 percent of participants stated that they were aware of the risks of unknown email links and of their computer becoming infected with a virus, but clicked the link anyway!The top reason people said that they clicked? Curiosity!3. MalwareIn Q3, 2016 alone, 18 million new malware samples were captured.Panda LabsThat’s an average of 200,000 per day! Malware continues to grow and evolve to bypass your antivirus and other levels of protection, which makes it hard for your IT team, your vendors, and your company to keep up.4. PhishingThe amount of phishing emails containing a form of ransomware grew to 97.25%.PhishMe 2016 Q3 Malware ReviewPhishing emails with ransomware have continued to grow. PhishMe reported that a shocking 92% of phishing emails they collected containing ransomware in the first quarter of 2016. However the Q3 2016 figures, reported the number at a startling 97.25%.5. Employee Security RiskDespite organization’s best attempts at education, employees continue to create business security risk.The increase of employees working remotely, using their own mobile devices and networks combined with poor password habits has become one of the greatest vulnerabilities.Cisco reports that Wi-Fi and mobile devices will make up two-thirds of internet traffic by 2020, and the number of IoT devices will increase from 16.3 billion to 26.3 billion during that time.Cybersecurity systems are designed to alert security teams of suspected threats—but where employees’ actions and private devices are concerned, relying on standard Cybersecurity systems alone may not be enough to ensure an effective response.All Is Not LostIf all these Cybersecurity facts have left you feeling overwhelmed, Niel Malan, Head of Nimbus Digital’s Cyber Security Division advises, “Start by identifying your most valuable assets and protect those.Begin with the information that, if it were stolen, would put you out of business.”Malan reminds us, “At the end of the day, cyber security is not just about stopping security breaches from happening. It’s about putting security measures in place that allow you to run your business with consistency, continuity and confidence.”


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