Cybersecurity at Home

Society has faced a wide variety of tough challenges for nearly the last two years, none greater than the COVID-19 pandemic. However, with those challenges, we have also seen what some may consider positive adjustments in their daily lives. For many it is having the flexibility of working from home.

While there is an ongoing debate on the preference of workers in the office or remote, there is no question that it has been a positive shift in the daily flexibility in the lives of some working professionals.

There are some challenges that come along with the increased remote opportunity as well. Whether it be productivity, development and growth, or the security of both employers and its employees, an additional factor that remote work has compounded are the ongoing challenges companies face with cybersecurity.

Studies show that companies who moved more than 81% of their workforce to a remote working status during the COVID-19 pandemic were more prone to cybersecurity breaches and hacks. This has cost some companies major expenses as they may have not been prepared for the new mobile work environment.

This year the average cybersecurity breach cost companies $4.2 Million. Why is it that out of the office remote working is more susceptible to online hacking schemes? The answer would be mobile devices. Nearly 70% percent of online fraud is achieved through mobile devices, which is more of a threat than ever with the ongoing shift to remote work.

For those enjoying the modification of remote capabilities to their work schedule, please remember that you and your employer are at more of a threat to fall victim to the attack of online fraud.  While companies continue to educate their workforce on threats and how to detect them, the responsibility still falls to the individual to ensure that smart decisions are being made.

Written by:

Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED “AS IS,” WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.