Changing Corporate Perception of Cybersecurity

Dateline: June 30, 2017

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.

This past week a new ransomware cyber threat made its way through hundreds of computers.  While not surprising that another attack was launched, what was surprising is that NotPetya exploited the same vulnerability as WannaCry just a few weeks earlier.  It was successful because many organization didn’t do what was needed after WannaCry to protect themselves and their technology.

Recently The Conversation website posted a blog titled ‘NotPetya’ ransomware attack shows corporate social responsibility should include cybersecurity.   calling for corporations to be more responsible and take cybersecurity more seriously.  The author, Professor Scott Shackelford suggests that collective action may be one road to deterring hackers.

If more companies get serious about cybersecurity, the internet ecosystem will be safer for everyone. The concept is much like vaccinating people against disease: If enough people are protected, the others benefit too, through what is called “herd immunity.”

In terms of deterring hackers, the number of vulnerable targets will drop, making it harder for hackers to find them, and less worthwhile to even look. And more companies will have defenses ready when cyber attackers come calling. This isn’t a perfect solution: With enough time and resources, any system is vulnerable. But this change in corporate perception is an important step in developing a global culture of cybersecurity.

What are you doing to vaccinate your organization and protect it from the next WannaCry or NotPetya?  Have you taken meaningful precautions?

That’s a WRAP!  Have a nice weekend and a meaningful July 4th holiday!

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