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The Hike In Cryptocurrency Breaches And Importance Of Cyber Security Awareness Training

 


If you have been following the news related to cryptocurrency breaches over the years, you would know these incidents are increasing at an alarming rate. According to a recent study by the research firm Crypto Head, the total number of cryptocurrency breaches have seen an average rise of 41% every year between the year 2011 and 2020. The total stolen funds amount to approximately $19 billion.

It lists all major economies where the breaches have occurred including the US, UK, South Korea, Japan, China, and Turkey. These statistics are both alarming and unnerving for new as well as existing investors. People may start to distrust cryptocurrency and migrate back to the traditional forms of financial investment. These breaches aren’t just limited to the finance sector. Organisations have been facing cyber security issues globally for years.

If your business primarily engages with exchanging sensitive information over the internet, it is time you invested in safeguarding your organisation against cyber security threats. One of the preliminary steps towards preventing such attacks in your workplace is to educate all your workforce, customers, suppliers, and stakeholders about this threat. The best way to do so is to provide cyber security awareness training across your organisation.

What is a cyber security breach/incident?

A cyber security breach or incident is an attack on your personal or professional network or computer systems that aims at compromising sensitive data or information for financial or other gains. These incidents occur when hackers or attackers find a loophole in your cyber security details or lure your employees into clicking on or downloading malicious content.

The result can be business disruption, financial losses, or both as the attackers can either demand money or steal it directly using the compromised information. Preventing your network and devices against cyber security attacks is also important to retain customer trust in your organisation. Nobody wants to associate with a business that cannot guarantee data or financial safety.

What is cyber security awareness training?

Cyber security awareness training imparts knowledge to your employees about how they can be faced with a data leak and what precautions they should take when conducting business online. This training can be targeted to all people or groups that are associated with your business such as employees, contractors, and volunteers.

What are the desired outcomes of cyber security training?

Cyber security training imparts the knowledge required to stay safe against potential cyber-attacks. Better awareness can lead to better protection against breaches. Some of the outcomes of cybercrime awareness training include:

  • Understanding the importance of cyber security
  • Avoidance of phishing attacks
  • Knowing the right way to use passwords for data protection
  • Gaining insights on how to keep your devices safe
  • Understanding how to identify and report cyber security breaches
  • Recognising that cyber security is everyone’s responsibility

Where can you find the right online cyber security course in Australia?

Selecting the right course for your workplace can be a daunting task if you do not know where to look. The easiest way to select the course that can suit your cyber security requirements is to follow the points below:

  • Know your requirements – what technology do you use/are you facing data breach issues?
  • What is the number of people you want to train
  • What features do you think are necessary for the courses to run on your computers
  • The option for scalability in case your business expands in the future
  • What is your budget?

If you operate in Australia or New Zealand, you may have come across Sentrient workplace compliance management solutions. We provide comprehensive cyber security awareness as well as workplace compliance training courses. Our main aim is to provide simplified solutions that help businesses follow compliance and create safe workplaces.

Sentrient, based out of Melbourne, reaches businesses globally by offering structured and meaningful information in the form of a cyber security course. Our course covers the following topics:

  • Defining cyber security
  • Understanding social engineering
  • Identifying phishing emails and malicious links
  • Identifying malware and ransomware
  • Protecting your passwords
  • Learning to keep your devices safe
  • Recognising cyber security incidents

One of the biggest business outcomes of this awareness training is that it helps you meet your cyber security compliance obligations which further leads to promoting a workplace culture that encourages everyone to be cyber safe.

Conclusion:

Any data breach compromising the integrity of data and information on your computers must not be taken lightly and should be reported to the appropriate authority. Organisations should invest in educating their workforce regarding cyber-attacks. Sentrient can help organisations spread cyber security awareness easily and cost-effectively. Contact us for more information today.

Cybersecurity Awareness Training

This blog post was originally published here.

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