There are many benefits of cyber security awareness training for employees. The benefits are numerous, but it’s important to remember that the scope of the problem can be vastly different for technical and executive teams. By providing security awareness training to employees, companies can help them mitigate the dangers of cybersecurity incidents, resulting in substantial losses for a company. Therefore, one of the first steps to building a cybersecurity culture is to provide regular and relevant security training to all employees.
The training is particularly important for small businesses, where cybersecurity breaches are often caused by internal threats, such as phishing emails. The majority of these attacks are relatively unsophisticated, but a study by PwC shows that 20% of consumers would not do business with a business after experiencing a cyber-attack. In addition to protecting sensitive company data, cybersecurity training is also important for a healthy reputation. For this reason, businesses that invest in cybersecurity awareness training can benefit financially from an increased trust level from consumers.
In addition to protecting the data of your customers, cyber security awareness training is crucial for maintaining your brand reputation. A cyber-attack on a large corporation can cost millions of dollars in lost customer confidence. By training your employees to recognize potential dangers, you can reduce the risk of a breach. This, in turn, will reduce the downtime caused by IT issues and lower the cost of post-infection recovery. Finally, benefits of cyber security awareness training can reduce the costs associated with recovering from a cyber-attack, as it can lower the time required to recover from a hacker’s ransom.
Apart from reducing the risk of a cyber-attack, cyber-security awareness training helps improve company culture and brand image. Since employees are the ones who are most likely to alert management to a potential threat, they will also be better able to protect company information and keep employees updated about new threats. Moreover, it reduces human error, which is the main cause of most breaches and attacks. By educating employees, cybersecurity awareness training will improve company compliance.
Security awareness training teaches employees to take data security seriously. During a cyberattack, a company’s data is compromised because an employee has given confidential information away. As a result, a breach can lead to enormous losses. By conducting security awareness training, businesses can minimize the cost of a data breach. However, data breaches can be expensive for a business. A trained and confident workforce can minimize the costs and damage caused by a cyberattack.
