Editor’s Note
Posted on 06-01-2018, Read Time: Min
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As an old saying goes, “A chain is only as strong as its weakest link.”
For any business to thrive, it needs great people, who are its strongest value proposition. However, what if, the very employees whom you value so much turn out to be your nemesis?
Cybercrime and cybersecurity breaches have grown exponentially in the last decade or so and are in consistent with the growth of technology.And, more often than not, it turns out that people and not computers are the weakest link in an organization.
For any business to thrive, it needs great people, who are its strongest value proposition. However, what if, the very employees whom you value so much turn out to be your nemesis?
Cybercrime and cybersecurity breaches have grown exponentially in the last decade or so and are in consistent with the growth of technology.And, more often than not, it turns out that people and not computers are the weakest link in an organization.
Today’s cybercriminals approach your company from several places. Their motivations are often more practical than many law-abiding citizens would expect.
You need to be more vigilant lest your most valuable asset turns out to be your greatest liability. This month’s cover article, What If Your Employee Becomes A Cybercriminal? by Bryce Austin, shares vital tips about how “trust but verify” approach regarding employee access to your critical intellectual property should be an important part of your company’s cybersecurity program.
The impact of cyber attacks on a business can be huge. According to a study, the cost for an average company to contain malware is $1.9 million and that large companies spend an average of $3.7 million a year to address and respond to phishing attacks! Another study estimates that the average organizational cost of a data breach is $7.01 million.
Hence, even the most savvy IT professionals can fall victim to social engineering attacks.
Andrew J. Gibbs’ article Recognizing And Avoiding Social Engineering Attacks will help you recognize cyber threats and tell you how to avoid falling prey to them.
The Dark Web is a growing threat to organizations as hackers mostly recruit insiders with access to corporate networks.Employers and their IT professionals need to be aware of the risks associated with the Dark Web. Read Lisa McGlynn’sarticle What Employers Need To Know About The Dark Web, to understand the different “levels” of the internet and the difference between Dark Web and Deep Web.
In the midst of the #MeToo movement, a related push for LGBTQ+ equity in the workplace continues to build steam and should be on employers’ radar screen. From Caitlyn Jenner to Amazon Prime’s Transparent, awareness of transgender individuals is growing and more people – particularly youth — are giving the LGTBQ+ community a stronger voice. As the push for awareness and social acceptance continues, employers are likely to experience more LGBTQ+ job applicants and employees.
Is your organization ready to accept the change? Catch up with Megan Anderson’s article Changing LGBTQ+ Workplace Demographics And Rights: How Prepared Are You? to understand the evolving law of the land and new legal developments impacting your workforce.
This is not all! This month’s issue of HR Legal & Compliance Excellence is packed with top trending topics in the legal and compliance arena, and infused with information on new polices and laws to arm you and your employees to stay compliant and safe.
Happy reading and do not forget to mail us your feedback!
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