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The massive growth of digital comes with inherent contradictions. This growth means that cyber attacks are on the up. More of us in the arena, more names to be hacked, more cost, more cyber-headaches, right?
Well, only partially.
It’s true that we’re expanding the attack surface. But it’s as we become more connected that we introduce new vulnerabilities: every connection adds a new and potentially weak link to the chain. And the irony is that the rate of Internet connection is outpacing our ability to properly secure it.
We all hand over our data perfectly happily. Want to book an Airbnb? Chances are you’ll have scanned in data you wouldn't publicly share, like your passport or driving licence for the fast-pass ID check. Ever taken an Uber - and do you still? Unless you've exercised your Right To Be Forgotten, they'll still hold your credit card details even following the 2016 data kidnap and subsequent botched cover up. (Note - you will always be found out. Always.)
Just after the start of 2018, we passed the halfway point to reach a whopping 66 percent of the world’s population getting online. That’s 4 billion people out of a global population of 7.6 billion. To put this into context, in 2015 about 25 percent of us (2 billion) were online. Game changing statistics, and the growth is only set to continue across our personal and our professional lives.
In a paper earlier this year by Stephan Leschke, CEO of Ferrari Electronic, he makes the observation: “A workplace no longer needs to operate from a fixed location and can be aided by technologies such as cloud computing. Key to success in the future is the company’s IT.”
Consumer trends such as social networks, mobile and cloud storage have allowed technology to slip under the radar of the IT department as we know it. Security risks, a loss of control and increasing complexity are the result.
Couple this with the fact that, by the year 2020, 30 percent of new revenue will be driven by digital transformation business models, it doesn't seem unlikely that predictions for 2019 show cyber hacks costing organisations $2.1 trillion, with businesses of all sizes at risk.
In recruitment, we’re a typically agile sector, populated by early adopters, entrepreneurs - in short, embracers of technology. Many recruiters, particularly in the SME environment, however, don’t have the time or resource, or simply don’t see the value, to take on a comprehensive cyber security programme.
As a general rule of thumb: new additions to your data intake, such as third party integrations, or flexible worker data, cause cyber security vulnerabilities - and you must be able to cope.
Do you know what to do in case of a cyber attack? Are you confident that your business is prepared - and will recover?
We've developed this ebook to help you navigate how cyber security could affect your business: ‘A Recruiter’s Guide to Cyber Attacks, Data Protection and Systems Security’.
Download your free copy here.