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Opinions expressed by Entrepreneur contributors are their own. The booming numbers of cybersecurity threats have compelled every C-suite executive and board members to pay closer attention to their cybersecurity hygiene. However, they don't share the same lens while watching their information security posture. And here's where a disconnect arises. A recent global survey of C-suite executives indicates that around 71% of board members have severe gaps in knowledge regarding cybersecurity and threats their organizations face. Whether we talk about data breaches compromising sensitive business information or exploiting consumer identities, executives and heads of information security (InfoSec heads) are already geared for the worst. But the senior management isn't sure why they need to spend more on their cybersecurity budget. While InfoSec heads often emphasize security and risk management as a part of their job, board members often link cybersecurit...

Opinions expressed by Entrepreneur contributors are their own. If you were to ask five random strangers from different walks of life what the major threats to the future of small businesses are, you're likely to get similar answers. The potential responses would likely include rising inflation and possible recession, job market volatility, the speed of technological advancement, supply chain issues and more. The real question is, what insidious threat is far too often shunted to the back burner, passed on to the next operating budget? What issue is left to address when revenue is on the right trajectory, inventory is viable, growth is stable and scaling up is starting to take shape? Cybersecurity. Related: Cybersecurity Is No Longer An Option. Your Money Is in Immediate Danger. Ignoring the warnings is the easy — and shortsighted — path for SMBs Ignoring the gravity of cyber threats is a dangerous gamble. The risk is undeniable : 61% of small businesses suff...

Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs know that cybersecurity isn't optional anymore. Especially if you're working from public Wi-Fi, you need a quality VPN to protect your personal information and ensure a secure connection. Black Friday is a great time to get one. Windscribe We've been releasing Black Friday doorbusters all month long but as we've arrived on the big day, we have a few more even better, one-day-only deals. One such deal is on Windscribe VPN, a leading VPN that you won't find for a better price than this. Windscribe VPN goes well beyond being just a VPN. It does offer outstanding VPN service, with a large network of servers in nearly 70 countries and a strict zero-logging policy. It uses AES-256 encryption with SHA512 auth and a 4096-bit RSA key and offers OpenVPN, IKEv2, and WireGuard® protocol configurations fo...

Opinions expressed by Entrepreneur contributors are their own. Using a person's face to authenticate themselves is something that humans have been doing for hundreds of thousands of years. New technological advancements have transformed how we interact with one another, and businesses especially are capitalizing on these advancements to verify identity. Those previous pillars of in-person and digital verification, like knowledge-based authentication (KBA), are no longer adequate protection against fraud. Why? Just as technology advances, so does fraud. Facial biometric technology has become the foundation that businesses and consumers rely on to verify their identities. In this article, we will provide the top five reasons facial biometrics can help your business. Related: The Importance of Having Accurate Facial Recognition 1. It's highly accurate and can stop fraud Facial biometrics offer businesses a high degree of confidence that the customer is a le...

Opinions expressed by Entrepreneur contributors are their own. "There is no kind of dishonesty into which otherwise good people more easily and frequently fall than that of defrauding the government." These words of wisdom from Benjamin Franklin have, unfortunately, proven timeless. People have been defrauding the government for centuries, but last month, the US hit an estimated $45 billion in COVID-19-related unemployment fraud. Now the government starts the long, costly and inefficient process of recouping the money, conducting investigations and punishing those responsible. This process is often called the "pay and chase" model. With all that fraud, it can be challenging for government agencies and private companies to separate the wheat from the chaff (or, in this case, the fraud from the noise). For example, is a person calling your call center with a device you haven't seen before actually an existing customer with a new phone or s...

Opinions expressed by Entrepreneur contributors are their own. Cybersecurity is of paramount concern to everybody these days, but especially to entrepreneurs. Cybersecurity issues cost small businesses money, which you just can't afford to have happen. Fortunately, Cyber Monday is extended for a number of our best deals, including an innovative cybersecurity solution . Deeper Connect Deeper Connect Pico is one of the most unique and powerful cybersecurity hardware devices you'll find anywhere. Successfully funded on Kickstarter, the tiny device integrates a 7-layer enterprise-grade firewall and the world's only Decentralized VPN (DPN) to protect your connection from malware, hackers, ISP snooping, and more. From now through November 30, you can get it for 19% off. With enterprise-grade cybersecurity functions, Pico can protect all of your devices, even IoT devices. The decentr...

Opinions expressed by Entrepreneur contributors are their own. Statistics on the number of scam websites that litter the internet are disturbing. During 2020, Google registered more than 2 million phishing websites alone. That means more than 5,000 new phishing sites popped up every day — not to mention the ones that avoided Google's detection. In 2021, the U.S. Federal Bureau of Investigation (FBI) reported nearly $7 billion in losses from cybercrime that is perpetrated through these sites. What exactly are scam websites? Scam websites refer to any illegitimate website that is used to deceive users into fraud or malicious attacks. Many scammers operate these fake websites and will download viruses onto your computer or steal passwords or other personal information. Reporting these sites as they are encountered is an important part of fighting back. In other words, if you see something, say something. Keeping quiet, even if you avoid falling prey, allows t...

There’s a crisis in cybersecurity right now, with a rise in attacks coupled with a shortage of talent. Handout Yogen Appalraju is a partner and the Canadian cybersecurity leader at EY Canada. If the digitization of businesses has taught us anything, it’s that cybersecurity is much more than simply a technology risk, it’s also a very serious business risk. A recent report from Statistics Canada showed that 18 per cent of Canadian businesses were affected by cybersecurity incidents last year, including 37 per cent of large businesses. By not giving the required attention to cybersecurity, businesses open themselves up to a plethora of risks, including effects on their operations, which will drive losses of revenue and profits. In fact, last year Canadian businesses spent $600-million on recovery efforts after cybersecurity incidents, a figure which doesn’t account for the reputational effect and subsequent loss of customers that a data breach can have on a business. Much of the increas...

Opinions expressed by Entrepreneur contributors are their own. The cybersecurity business has become everyone's business. It only takes one viral data breach to destroy a company's social proof and send its clients running to rival organizations in search of safer conditions. IBM estimates that the average data breach this year costs affected businesses $4.35 million, a near 13% increase since 2020. That figure doesn't include the sometimes irreversible harm to a company's reputation. Headline-grabbing data leaks aren't limited to credit card or identity information, however. These incidents encompass anything and everything having to do with private and personal details. If you submit a car loan application, you trust the prospective lender to be a good steward of your information. When your business does business with another company, you similarly expect the same level of security. Related: 3 Reasons Why Privacy Matters to Your Business, ...

Opinions expressed by Entrepreneur contributors are their own. For small businesses, the average cost for a data breach can start as low as $120,000 and reach as high as $1.24 million. Any unplanned expense could impact your company, but one of this magnitude could be enough to sink it. IT services aren't inexpensive either, with some recommendations saying even businesses of only 40 people should plan for up to $3,000 a month. StackCommerce You may be able to offload some of your network security costs using a hardware VPN with a built-in firewall . Deeper Connect has two options for buying, but both of them could help your business retain its privacy and security. Protect your business online. Recent years have seen a 600% rise in cyber crimes . While some businesses may have been able to go without network security protocols before, it may be unwise to do so wi...

Opinions expressed by Entrepreneur contributors are their own. Over the past few years, cybersecurity has become a bigger issue for small-business owners. Cyber attacks could cost you huge amounts of money, no matter how big your business is. But hiring a cybersecurity or IT team isn't in the budget for all businesses. Instead, it might be more cost-effective to add cybersecurity to your own list of skills. With The Complete 2023 Cyber Security Developer & IT Skills Bundle , you'll have a central hub to study to earn some of today's leading cybersecurity certifications. StackCommerce This massive bundle includes 26 courses and, yes, that means it covers 26 different cybersecurity exams. With exams from Microsoft, CompTIA, CISSP, Cisco, CertNexus, and many more leading organizations represented, it's one of the best resources you'll find for takin...

Opinions expressed by Entrepreneur contributors are their own. As a busy entrepreneur, there are many things you need to stay on top of — from the latest in digital marketing to securing venture capital for your latest endeavor. However, one area that is vitally important in today's world but often overlooked is ensuring you're well versed in cybersecurity. StackCommerce No matter why you have your sights on the increasingly in-demand field , the 2022 Ultimate Advanced CyberSecurity Professional Certification Bundle can help. Right now, you can access five info-packed courses, filled with nearly 150 hours of instruction, for just $69. That's 95% off the usual $1,475 total these courses would typically cost — the best price available on the web. With cybersecurity only continuing to be a more significant concern each year, this competitive field is a lucrati...

Opinions expressed by Entrepreneur contributors are their own. The cybersecurity business has become everyone's business. It only takes one viral data breach to destroy a company's social proof and send its clients running to rival organizations in search of safer conditions. IBM estimates that the average data breach this year costs affected businesses $4.35 million, a near 13% increase since 2020. That figure doesn't include the sometimes irreversible harm to a company's reputation. Headline-grabbing data leaks aren't limited to credit card or identity information, however. These incidents encompass anything and everything having to do with private and personal details. If you submit a car loan application, you trust the prospective lender to be a good steward of your information. When your business does business with another company, you similarly expect the same level of security. Related: 3 Reasons Why Privacy Matters to Your Business, ...

There’s a crisis in cybersecurity right now, with a rise in attacks coupled with a shortage of talent. Handout Yogen Appalraju is a partner and the Canadian cybersecurity leader at EY Canada. If the digitization of businesses has taught us anything, it’s that cybersecurity is much more than simply a technology risk, it’s also a very serious business risk. A recent report from Statistics Canada showed that 18 per cent of Canadian businesses were affected by cybersecurity incidents last year, including 37 per cent of large businesses. By not giving the required attention to cybersecurity, businesses open themselves up to a plethora of risks, including effects on their operations, which will drive losses of revenue and profits. In fact, last year Canadian businesses spent $600-million on recovery efforts after cybersecurity incidents, a figure which doesn’t account for the reputational effect and subsequent loss of customers that a data breach can have on a business. Much of the increas...

Opinions expressed by Entrepreneur contributors are their own. The cybersecurity business has become everyone's business. It only takes one viral data breach to destroy a company's social proof and send its clients running to rival organizations in search of safer conditions. IBM estimates that the average data breach this year costs affected businesses $4.35 million, a near 13% increase since 2020. That figure doesn't include the sometimes irreversible harm to a company's reputation. Headline-grabbing data leaks aren't limited to credit card or identity information, however. These incidents encompass anything and everything having to do with private and personal details. If you submit a car loan application, you trust the prospective lender to be a good steward of your information. When your business does business with another company, you similarly expect the same level of security. Related: 3 Reasons Why Privacy Matters to Your Business, ...