Bring a room full of business leaders together, and what do you hear? If you’re in sales, marketing, operations or finance, you already know: Information security is top of mind.
That’s the message we hear during every meeting with our clients and at industry conferences in multiple industries.
Business leaders are aware of cyber threats – and they want to do something about it. They just need a good place to start.
Whose Responsibility is Cybersecurity?
Many businesses with solid IT teams in place may think they’re covered if a breach were to ever occur, but it’s a little-known fact that IT departments and cybersecurity don’t necessarily go hand in hand. With cyber threats moving quickly and changing every day, it can be hard for even the best IT teams to keep up. In fact, Forbes recently called cybersecurity a “fast-growing job with a huge skills gap.”
A recent study conducted by Ponemon and Centrify revealed that less than 50% of IT professionals are confident that they have the ability to prevent, detect, and respond to data breaches. This is completely understandable. It becomes even more difficult for IT departments to take on this responsibility when they also have to focus on technology innovation and collaboration, user-friendly applications and software, and matching staff and clients with necessary files and apps. It’s no wonder that cybersecurity can sometimes fall to the bottom of the priority list. There’s only so much time in the day!
Impacting More than Just IT
Cybersecurity has expanded beyond just a “technology issue” – it’s a business and operational issue, too. It impacts every corner of your organization. No one department can be held responsible for cybersecurity, especially when phishing attacks and other social-engineering schemes are doing an excellent job at convincing unsuspecting employees to hand over information.
When a breach occurs, it can cause a lot of unexpected consequences for departments far beyond IT:
Financial losses (with an average cost of anywhere from $500 to $2,500 per compromised record)
- Lack of confidence in employees
- Lack of confidence in company technology, network infrastructure, and privacy levels
- Inconvenience and frustration for clients (and potentially subjecting them to a breach as well, depending on what information was compromised)
- Frustration for employees, who may lose valuable assignments or suffer from records and reports
The Budget Dilemma
Our team has served in leadership and board positions in various industries; we understand the constraints you’re up against. Budgets are always tight – and it’s understandable that the funds you have available are earmarked for important growth initiatives.
But the truth is this: There are cybersecurity solutions available to fit the budget of any organization. These solutions can protect you and give you peace of mind – and cost less than what you spend every month on office supplies and turning your lights on.
Want to learn more about Guard Street’s cybersecurity offerings, created specifically for businesses with tight budgets? Send us a note, and we’ll send you more information on how you can reduce your greatest risks with this single, inexpensive solution.