Pittsburgh, PA – October 7, 2014 – Companies that train their employees about cyber security best practices spend 76% less on security incidents than their non-training counterparts. That’s a prime takeaway from the 2014 U.S. State of Cybercrime Survey, a joint effort of Pricewaterhouse Coopers (PwC), the Software Engineering Institute at Carnegie Mellon University, CSO magazine, and the U.S. Secret Service.
This survey of more than 500 executives from U.S. businesses, law enforcement services, and government agencies yielded a treasure trove of data and analysis. But, as with other studies we’ve discussed, there seems to be a disconnect between understanding and action.
Clearly, companies know there is a problem:
And there is a good bit of consensus about the things that can be done to deter criminals, including these types of policies and procedures:
But how does this understanding relate to action? The statistics are telling:
And how does failed action tie to financial loss? According to the survey, organizations without security awareness programs — and, specifically, new employee training — reported average annual financial losses of $683,000. Those with training totaled just $162,000 in average financial losses.
It’s Time to Cut Your Losses
If you’ve been kicking the security training can down the road, it’s time to pick it up, read the writing on the label, and get cooking. Because, as the survey said, “Untrained employees drain revenue.”
To discuss the latest in Security Awareness Training trends with Wombat Security Experts, or develop your own unique story, please feel free contact Lorraine Kauffman-Hall at 704-882-0443.
About Wombat Security Technologies
Wombat Security Technologies provides information security awareness and training software to help organizations teach their employees secure behavior. Their SaaS cyber security education solution includes a platform of integrated broad assessments, as well as a library of simulated attacks and brief interactive training modules. Wombat's solutions help organizations reduce successful phishing attacks and malware infections up to 90%. Wombat is helping Fortune 1000 and Global 500 customers in industry segments such as finance, technology, banking, higher education, retail, and consumer packaged goods to strengthen their cyber security defenses.
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