It could be said that your most valuable assets, and those of your candidates, lay in the infinite land of cyber space. If a breach occurs to your company IT system, you are set to lose a lot and so is anyone whose information you hold.
The key question is: Do you have adequate cyber security in place? With the upcoming General Data Protection Regulation (GDPR), it is crucial that you have systems in place to protect any data you hold on EU citizens. Take a look at our previous blog post on GDPR.
Who has fallen victim in the last year?
There were several breaches in 2017 to high profile companies, making it all the more real that it could happen to anyone. Some of these included:
- Equifax – Hackers stole the data of 145 million people, highlighting the danger of storing such a large quantity of data on people.
- Wannacry – This attack spanned 150 countries, affecting more than 300,000 machines in industries such as healthcare and cars.
- Not Petya – The attack targeted Ukrainian tax software but had devastating consequences and spread to global businesses including Fed Ex and Maersk. Fed Ex attribute $300 million in losses to the attack.
Need any more reason to protect your data?
These figures are pretty scary:
- On average, it takes 256 days to discover a malicious attack.
- Cybercrime damage costs to hit $6 trillion annually by 2021.
- 55% of attacks are internal actors abusing access they were entrusted with.
- Global ransomware damage costs are predicted to exceed $5 billion in 2017.
- In 60% of cyber breaches, attackers are able to compromise an organisation in minutes.
5 actions you can take to increase cyber security
Taking the following actions should protect your own data and the data you hold on individuals. This will put you a step closer to being GDPR compliant:
- Protect your internet connection by using a firewall.
- Check your device and software settings.
- Limit access to data and services.
- Use virus and malware protection.
- Ensure that you update your devices and software.
Don’t overlook your cyber security
If you’ve followed our 5 steps to increasing your organisation’s cyber security (follow link below), you are well on the way to securing yours and your candidate’s data. You want to keep recruiting those amazing candidates, not letting the GDPR slow your business down due to a lapse approach to data security. Take a look at your cyber security right now!