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Protecting the weakest link: how human errors can put a company in risk

In today’s digital age, cybersecurity has become a priority for businesses, as cyber attacks can damage their economy and reputation. According to Check Point, 71% of businesses were victims of ransomware attacks in 2023, with an average payout of $4.35 million. Employees are the first link in the cybersecurity chain and the most vulnerable entry point.

Statistics paint a starling picture of the impact of human error in cybersecurity. According to the World Economic Forum ‘Global Risks Report 2022’, 95% of cybersecurity breaches are caused by human error. Real – life examples are numerous; one notable incident was the 2017 Equifax breach, where a single employee’s failure to implement a security patch led to the exposure of the personal data of over 143 million people.  Or the 2013 Target breach in the US, where hackers gained access through a phishing email sent to a third-party vendor, eventually compromising the data of 41 million customers. That is why their response and monitoring of cyber attacks is essential as it determines the severity of the consequences that the company may suffer.

Common human errors include the use of weak passwords, susceptibility to phishing scams, and mismanagement of sensitive information, often leading to devastating consequences. Of course we should question why we humans seem more vulnerable to such inroads to launch such cyber attacks? Psychological and behavioral factors play a significant role in these vulnerabilities. Cognitive biases, such as overconfidence or the belief that one is less at risk than others (the optimism bias), can lead to lax security practices. Additionally, a lack of awareness about potential threats contributes significantly to the risk. During a recent CISO roundtable at the CPX Vegas conference, Dan Creed, CISO for Allegiant Air highlighted, “Encourage employees and teach them about the consequences of not following security policies… noting SolarWinds as an example.” Social engineering exploits these weaknesses by manipulating individuals into divulging confidential information or performing actions that compromise security, heavily leveraged in phishing scams and new deepfake and voice scams.

To have a solid protection, companies must not only implement Zero Trust architectures and threat detection software, but it is also essential to consider the cybersecurity training that their employees receive so that they are the first barrier against any type of cyber attack by means of accessing the corporate network.

Moreover, the importance of an employee’s role is even more accentuated when it comes to ransomware attacks, as these human errors are joined by extortion to obtain large sums of money. These cyber attacks are becoming more frequent and in 2023 there were more than 5000 victims of public extortion, an increase of 90% over the previous year, according to Check Point’s 2024 Security Report.

Check Point Software proposes the following cybersecurity measures, essential for building a solid protection in companies:

Looking forward, cybersecurity protection is likely to shift towards human-centric solutions by adopting a balanced approach in integrating advanced technology with an understanding of human psychology and behaviour. Basic training programs for employees will need to be more sophisticated, possibly even leveraging simulations while AI could evolve to become more adept at predicting human errors before they lead to breaches. This is why we insist that companies combine technological solutions with cybersecurity training for their teams, along with preventive measures and a consistent response plan.

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