Like a prize fighter, cybercrime is coming for your organization, juking and jiving in a certain rhythm to stage a calculated attack and take down your investments. The blindside strike? It’s the unforeseen financial implications that leave you on the ropes. We’re all aware of cyber risks, especially for the organization with a geographically dispersed workforce. With a widened attack surface and unmonitored opportunity for maliciousness, your cybersecurity posture and its financial implications have never been more pressing. Traditionally, those who have ignored the threat have witnessed some form of devastating attack on their operations, profits or livelihood. Now, according to Standard & Poor Financial Services, the stakes may be even higher and can impact your company’s credit rating. Over the years, malicious bad actors have grown more savvy in launching attacks against the common types of software and services companies employ. Pair that with a consolidating marketplace, and businesses find themselves increasingly reliant on the same systems and platforms, often following a comparable set of rules. Now, consider the upswing in remote logins as more companies than ever go hybrid or fully remote, relying on staff they cannot feasibly control. With limited access to costly cybersecurity resources, training and best practices, these employees are increasingly falling victim. According to Check Point Research, cyberattacks against members of the non-financial sector were up at least 53 percent year to year, with many data-focused companies witnessing far more dangerous growth due to changes in digiBy Brady Hicks Taking Credit A weak cybersecurity stance can impact your company’s credit rating, says S&P SECURITY 16 REMOTE WORK SOLUTIONS rwsmagazine.com
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