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Cyber Risk Assessments are a Critical Component of All Cybersecurity Programs

By Collin J. Hite

It remains readily apparent that cyber risk remains a top concern for businesses of all sizes. The 2017 Verizon Data Breach Investigations Report notes that 61% of breaches were against companies with less than 1000 employees. This means that cyber breach is not a just a problem just for the Fortune 500, and any smaller businesses that see it that way are out of touch and likely a sitting duck.

Phishing scams remain a viable hacking method even in light of the massive amount of media attention. Id. The best cybersecurity software is rendered useless when a phishing attack succeeds because an unwitting employee clicks through on the email link. Verizon's report notes that last year 1 in 14 employees were tricked and a quarter more than once. Id. That is a statistic that should truly scare any executive of all companies — large and small.

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