If you or someone you know has ever been a victim of cybercrime, you’re probably aware that cleanup is not pretty. If you’d like to avoid becoming a cybercrime statistic, check out this infographic. In it, we’ll show you cybersecurity best practices for keeping your company safe.
One of the biggest risks that enterprises face is a data breach. This type of cybercrime can even lead to bankruptcy—and it shows no signs of slowing down.
In fact, a 2019 report by IBM Security and Ponemon found that in five years, the average cost of a data breach has increased by 12%. That’s a whopping $3.92 million worldwide. Of that amount, enterprises lose up to $1.42 million, or 36% of the global average. For small to medium-sized businesses, breaches average to $2.5 million.
The costs of detecting and responding to a breach can include:
- Expert personnel – $1.22 million
- Customer notification – $0.21 million
- Post-breach response – $1.07 million
To prevent data breaches, organizations must understand cyber threats and do everything possible to prevent them. Here are some cybersecurity best practices this infographic will cover.
Using tougher security questions
Security questions prevent imposters from finishing the verification process. Be sure to follow our infographic’s best practices on security questions.
Enabling multi-factor authentication (MFA)
For the most secure user sign-ins, you should use a combination of elements like biometrics, SMS/text messages, emails, and security questions. Use extra layers of protection, like text verification, email verification, or time-based security codes.
Creating a strong password policy
To protect your organization’s network, enforce a strong password security policy that includes:
- Password history requirement
- Minimum password length
- Password expiry notifications
Aside from login security tips, this infographic will also show:
- Fascinating cybercrime facts
- Hidden costs of cybercrime
- Crime damage predictions
- A cybercriminal’s ROI
- Eye-opening statistics
Learn more cybersecurity best practices in our infographic below.
Infographic data sources:
5 Ways to Detect a Phishing Email
Experian Identity Theft Statistics
2019 Hiscox Cyber Readiness Report
Hiscox Cyber Readiness Report
Cyber Security Ventures Security Awareness Training Report
Into the Web of Profit, Bromium Cybercrime Report
Netscout Threat Intelligence Report
Get the best cybersecurity solutions for your enterprise with LoginRadius.
*** This is a Security Bloggers Network syndicated blog from Identity Blog authored by LoginRadius. Read the original post at: https://www.loginradius.com/blog/2019/10/cybersecurity-best-practices-for-enterprises/