PSI July 2017 Newsletter

by  | Jul 24, 2017 | Blog |

Happy July Friends!

In the business that we are in, managing and protecting the lifeblood of your business, your data, it would be negligent of us not to share with you any and all news that pertains to what evils lurk in cyberspace. Unfortunately, that’s impossible since it is in the news daily. So, this month, we will limit our focus on Stunning Cybercrime Statistics…

“No locale, no industry or organization is bulletproof when it comes to the compromise of data.”

Those words from Verizon’s “2016 Data Breach Investigations Report” neatly summarized the cyberthreat environment today. There is no immunity. This year’s wave of cybercrime statistics suggest that threats are well-funded, increasingly nefarious and more costly to victimized organizations. In fact, IBM President and CEO Ginni Rometty described cybercrime as “the greatest threat to every profession, every industry, every company in the world.”

Here are some cybercrime statistics to encourage businesses just like yours to bolster their cybersecurity efforts. No scare tactics here — just the cold hard facts from a wide variety of sources.

Small to Midsized Businesses at Risk

Small and midsized organizations (SMBs) are hardly immune to cybercrime — actually quite to the contrary. According to Keeper Security’s “The State of SMB Cybersecurity” report, a staggering 50 percent of small and midsized organizations reported suffering at least one cyberattack in the last 12 months. The average cost of a data breach involving theft of assets totaled $879,582 for these SMBs. They spent another $955,429 to restore normal business in the wake of successful attacks. For these SMBs, 60 percent of employees use the exact same password for everything they access. Meanwhile, 63 percent of confirmed data breaches leverage a weak, default or stolen password.

Phishing is a well-known cybercrime technique that involves defrauding an online account user by posing as a legitimate entity. According to the Verizon, 30 percent of phishing emails are actually opened, and 12 percent of those targeted click on the infecting link or attachment.

We offer PSI Clients state-of-the-art Security Awareness Training to help you manage the IT security problems of social engineering, spear phishing and ransomware attacks.

(portions of this newsletter were adapted from

Ken Doerbecker President