The average cost of a data breach is a massive $8.19 million in the US. This cost means a data breach can spell disaster for any business, making cybersecurity a significant concern for businesses.
Assimilation of your staff in good cybersecurity practices is a must for any company in the modern era. Yet, what are the specific benefits of cybersecurity awareness?
In this article, we’ll take a closer look at why cybersecurity training is of the utmost importance. Are you ready to learn more?
Then read on.
1. A Cost-Effective Solution to an Expensive Problem
As we’ve discussed, a data breach is expensive. There are a few different ways that you can try to prevent them, but the most cost-effective way to avoid them is by training your employees.
A well-trained workforce will be able to recognize cyberattacks and social engineering attacks that they may otherwise not. The training is the most effective way to prevent a data breach and all its subsequent costs.
A well-trained workforce is a protected one. Think of training costs as a small investment today to prevent a more significant problem further down the road.
2. Ensure Compliance With Data Security Regulations
Data breaches aren’t the only issue that you need to worry about these days. Your customer’s data may fall under various regulations that you need to adhere to on their behalf. These may include HIPAA and GDPR, depending on your industry.
Failure to comply with these regulations can have severe consequences, including fines. As these regulations are very complex, a thorough training regime is required to ensure compliance, and combining it with cybersecurity awareness is very cost-effective.
3. Enhance Your Business’ Reputation
Investing in cybersecurity can offer a significant boost to your company’s reputation. Demonstrating that you value your customers’ security is a valuable trait in today’s world.
It may also help you market your company: if you make a point of your company’s data security approach, clients will be more likely to trust you with their data.
4. Your Employees Will Gain New Skills
Cross-training your employees comes with some fantastic benefits. When your employees understand cybersecurity to a greater level, they will solve the more simple and common problems that arise in day-to-day work.
This cross-training means that you may save money on your IT costs, too. If your staff understand cybersecurity best practices, they will feel more empowered and confident when working with sensitive information.
5. You Can Minimize Human Error
Human error is a big problem in cybersecurity, with human error accounting for a large proportion of data breaches. There is no need to be malicious intent by a third party: human error can lead to sensitive data being exposed or leaked without anyone else being involved.
Cybersecurity awareness minimizes human error, which cuts out a great deal of potential data breaches.
Cybersecurity Awareness Is Vital
Why should companies increase cybersecurity awareness among their employees? There is a vast range of benefits, including better security, a better reputation for your business, and a better skill set for your employees.
Cybersecurity awareness and training are of vital importance in today’s world. If you want to train your employees, we’re here to help. For more information and to discuss our services, get in touch with us today.