3 Cyber Security Myths That Will Hurt Your Business This Year

Navigating the complex world of cyber security can be tricky, and misinformation can lead to serious risks for your business. Let’s debunk three common myths, based on expert research from CompTIA’s 2024 global State of Cybersecurity report.

Myth 1: My Cyber Security is Good Enough!

Fact: Cyber security needs continuous improvement.

Many businesses think their current security measures are sufficient. However, cyber security is an ongoing process. CompTIA’s survey found that 39% of businesses believe their current security is “good enough,” but this mindset can be dangerous. Executives often feel more satisfied with their security compared to their IT and business staff, highlighting a communication gap. It’s crucial to regularly reassess and update your security strategies to stay ahead of new threats.

Myth 2: Cyber Security = Keeping Threats Out

Fact: Cyber security also protects against internal threats.

Cyber security isn’t just about external threats; internal risks like employee errors can be just as damaging. For instance, when a Heathrow Airport employee lost a USB stick with sensitive data, it cost the company £120,000 in fines. Social engineering attacks, such as phishing, target human vulnerabilities. It’s vital to educate your employees on best practices and ensure they understand their role in maintaining security.

Myth 3: IT Handles My Cyber Security

Fact: Cyber security is everyone’s responsibility.

While IT professionals play a key role, cyber security requires a collective effort. Each department faces unique risks, so it’s important to involve people from various roles in security discussions. CompTIA’s report shows that only 36% of CEOs and 25% of business staff are engaged in these conversations. Including a diverse range of employees in risk management ensures comprehensive protection against threats.

Don’t Fall for Myths

By focusing on continuous improvement, acknowledging all types of threats, and fostering a collective responsibility for cyber security, your business can stay secure and resilient. Stay informed and proactive to protect your future.