Until recent years, the issue of digital security was only discussed by IT department heads, but as companies increased their digital presence, security experts are in the C-suite implementing policies to protect their company. In addition to the organization, the security threat has also extended to the people in the C-suite, as hackers target the account of these individuals to access their communications, which can contain a lot of valuable data.
The threat has created an industry that specializes in increasing cyber security awareness. Wombat Security Technologies (Wombat), provider of information security awareness and training software, has just launched its Security Essentials for Executives to specifically address the danger this group faces.
The new platform is a role-based cybersecurity awareness and training solution that helps prevent corporate whaling, business email compromise (BEC), and other cyber threats. By the way, corporate whaling is the same as phishing, but it is called whaling because of the size of the large targets it goes after.
Using the Wombat methodology to assess, educate, reinforce and measure, administrators in any organization will be able to deliver comprehensive security awareness and training with a management solution designed to deliver results while monitoring effectiveness.
The company revealed there were $2.3 billion in losses due to BEC attacks in the last three years. In addition to the financial loss from the direct attack by criminals, organizations also face fines from regulatory bodies and lawsuits. The damage also extends to the reputation of the company which can result in customer attrition and further financial loss.
"Relatively simple cyber security best practices can pay dividends across departments, locations, and job functions, so it is important for executives to be an essential part of creating a culture of security from the top down," said Amy Baker, VP of Marketing at Wombat Security.
By using real-life scenarios to prepare executives of the possible dangers they face, they are better prepared when they experience an actual attack. The scenarios the platform simulates includes private and corporate offices, homes, and meeting and conference venues. In addressing all of these locations, every imaginable communications situation is addressed.
There are close to 20 Interactive Training Modules in which executives can learn to increase their awareness using Wombat's Learning Science Principles to engage them and change their behavior.
Hacker are experts in exploiting behaviors that don't take into account the security threat in the digital environment. We would all like to have an easy password and not worry about any threat at all, but that is not the world we live in. The Wombat Security Essentials for Executives makes these high-value targets more aware, which is vital because of the information they have access to.
Edited by Maurice Nagle