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Security Awareness Training: It's Time to Elevate Its Importance In Your Information Security Program
As threat actors continue to evolve, so does the tooling that protects a firm's environment. End point detection and response tooling (EDR) can identify threats and even quarantine a device without intervention from a person. Firewalls can inspect traffic as it enters the firm's domain and block malicious-looking domains and addresses, and multifactor authentication can stop 99.9% of credential-based account attacks.
So why, in the American Bar Association Cybersecurity TechReport, did 29% of respondents answer affirmatively that they'd experienced a security breach in the last year?
It comes back to the people. For many firms, there is an annual requirement to complete security awareness training. This satisfies the cyber insurance carrier, doesn't distract people too often and meets various policy requirements. Some firms do quarterly or monthly training, which keeps the topic more current. However, with the threat landscape changing quickly, training should include more than just a click-through video. There needs to be a focus from leadership on protecting firm assets and a near constant diligence on ensuring users know and understand the risks and how they might be compromised.
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Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.