CEOs: Your Business Could Be Tomorrow's Data Breach Headline
CEOs worldwide are grappling with a chilling reality: their businesses could be tomorrow's headline due to a cybersecurity incident. A recent survey reveals that 43% of companies experienced a data breach in the past year, with malware events occurring every three minutes on average. The use of unlicensed software, which was prevalent in 43% of PCs globally in 2014, is exacerbating this issue. Waking up to find one's google business profile on the front page due to a data breach is indeed a CEO's worst nightmare.
The root of the problem lies in the lack of written policies mandating the use of properly licensed software. Only 35% of companies have such policies in place. This leaves businesses vulnerable to cyberattacks, with unlicensed software increasing the risk of malware incidents. In 2014, enterprises spent a staggering $491 billion due to malware associated with counterfeit and unlicensed software.
To mitigate these risks, business leaders are urged to implement best practices, such as Software Asset Management (SAM) according to ISO/IEC 19770-1:2012. While there are no confirmed cases directly linking increased vulnerability to cyberattacks due to unlicensed software, the correlation is strong, and the potential consequences are too great to ignore.
Cybersecurity threats are real and frightening, and the risks are extraordinary. To protect their small business ideas and my business, CEOs must take proactive measures. Implementing proper software management practices can help safeguard against data breaches and malware incidents. After all, no CEO wants to wake up to the grim reality of their google business making headlines for the wrong reasons, especially when it comes to malware protection.
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