Have you got two minutes to learn how company executives and company directors can beat the rising cost of cybercrime?

We've distilled the basics of cybercrime down to six words that every company executive and company director should already know

Assets

Assets are the reason your organisation makes money and also the reason why cybercrime perpetuates. Whilst it is common to assume that cybercriminals will gravitate towards the digital assets, it is also possible that they will also seek out your physical and social assets if these prove to be less of a barrier to entry.

Vulnerabilities

Vulnerabilities are the reason cybercriminals can gain access to your organisation’s assets. Vulnerabilities are inherent in almost very asset your organisation relies upon and should be remediated where possible. Vulnerabilities can occur in the design, implementation or operation of an asset.

Threats

Threats are created by cybercriminals to take advantage of vulnerabilities. It should be noted that if a vulnerability is not exposed to a threat, the threat will be benign.Cyber threats can manifest in many forms including political, economic, social, technological, environmental and legal.

Attacks

An attack is the result of a vulnerability being exploited and occurs because a cyber threat could not be prevented. When a cyber attack is in progress cybercriminals are going about achieving their objectives which could be to access, copy, steal, modify, disrupt or destroy assets

Breaches

Breaches are what happens when your organisation is unable to respond whilst a cyber attack was in progress. When a breach has occurred, this means that cybercriminals have completed their objectives. Breaches can affect three mainstays of your organisation including confidentiality, integrity or availability..

Impacts

Impacts are the undesirable, and often devastating, outcomes of cyber breaches which can have immediate effects on your organisation such as those observed through operational and physical impacts. Also longer term, and often more subtle, impacts can occur such as personal, legal, reputational and financial.

Now watch these six videos that will help provide some basic understanding of cybercrime and how it can impact you as a company director

What is the definition of cybercrime?

Video viewing time: 1 minute, 17 seconds

What do cybercriminals want?

Video viewing time: 1 minute, 11 seconds

Shouldn’t cybercrime be considered an IT problem?

Video viewing time: 1 minute, 20 seconds

Don’t cybercriminals mostly attack banks?

Video viewing time: 1 minute, 19 seconds

Why would cybercriminals target my organisation?

Video viewing time: 1 minute, 25 seconds

Can we buy a technology that puts a stop to cybercrime?

Video viewing time: 1 minute, 17 seconds

And download these two FREE guides which will help you understand the root cause as to why your organisation is struggling to beat the rising cost of cybercrime

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