Incorrect Assumptions and Common Misconceptions of Cyber Security

Incorrect Assumptions and Common Misconceptions of Cyber Security 

We hear it all the time: “I’m too small to be targeted,” “we are insignificant compared to bigger companies", and much more. These are just some of the misconceptions about cyber security; however these inaccuracies, assumptions, and misconceptions lead to complacency and, by extension, inadequate security tools and solutions. These myths not only skew public perception around cyber threats but also foster a culture of insecurity that cyber criminals are ready to take advantage of.

The truth is that 81% of cyber attacks and data breaches are targeted on small to medium sized businesses, and 97% of successful cyber attacks and data breaches could have been prevented if businesses had a modern and comprehensive cyber security solution in place. In 2023, UK businesses were targeted by 7.78 million cyber threats, equating to the equivalent of about 14.8 cyber attacks every minute, leading to more than 50% of UK businesses being affected by a cyber attack or cyber breach. However, despite all of this, only 31% of businesses in the UK have undertaken a cyber security risk assessment in the past 12 months. 

By debunking these common misconceptions, we aim to foster a robust security posture among individuals and businesses alike. 

Myth 1: Small Businesses Are Not Targets for Cyber Attacks

One of the largest assumptions held by many is that cyber criminals exclusively target large businesses due to the potentially larger payouts. However, 81% of cyber attacks target Small to Medium sized businesses. This is because small to medium sized businesses typically possess far less stringent cyber security protocols (if any), rendering them attractive to malicious threat actors seeking easier exploits. Moreover, small to medium sized businesses may serve as gateways to larger networks, offering cyber criminals a backdoor to more lucrative targets within the supply chain (see our article on supply chain attacks for more info). Enhancing the cyber defences of small to medium sized businesses is not just critical for their survival but for the broader ecosystem they are part of. 

Myth 2: Cyber Security is Solely the IT Department's Responsibility

"It’s not my job!” We have all heard that at one time or another, however many non-technical staff often believe that it is not their responsibility for maintaining good cyber hygiene. However, a strong Cyber security defence should be a collective practice, in a business environment, your employees are often considered the weakest point in your cyber strategy. Phishing scams, a prevalent form of cyber attack, often target the most vulnerable link in the security chain: the human element. These attacks can be mitigated by fostering a culture of security awareness and training throughout the business, ensuring that all employees can recognise and respond appropriately to potential threats. 

Myth 3: Anti-Virus will keep me protected from Cyber Attacks

For the longest time businesses have believed that if they have anti-virus solutions in place that they will be protected against cyber attacks. However, nowadays statistics show that traditional signature based anti-virus solutions are only 30-50% effective at protecting you from the latest threats. Our own monthly statistics even show that more than 90% of cyber attacks could not have been prevented by traditional means. Newer technologies such as Managed Endpoint Detection & Response instead use Artificial Intelligence and Machine Learning to be able to monitor and protect against unusual, suspicious or malicious activity. However, it is only a part of a comprehensive and holistic approach to cyber security.

Myth 4: Sophisticated Technology Guarantees Better Security

While the deployment of state-of-the-art security solutions is beneficial, it is not a cure-all solution. The IBM Cyber Security Intelligence Index report underscores the role of human error in the majority of security breaches. A balanced approach, integrating advanced technological tools with comprehensive training and awareness programs, is essential to counteracting both sophisticated cyber threats and simple human mistakes. 

Myth 5: Cyber Security Measures Slow Down Business Operations

The concern that robust security protocols may impede operational efficiency is common. Nonetheless, the repercussions of a cyber attack, including data loss, financial repercussions, and damage to reputation, far outweigh the potential slowdown caused by security measures. With careful planning and implementation, cyber security practices can be woven into the fabric of business operations, enhancing security without significantly detracting from efficiency. 

Myth 6: Once a System is Secure, No Further Action is Needed

Cyber Security is not a one-off task but a continuous process. The cyber threat landscape is extremely dynamic, with attackers constantly devising new methods and using new technologies to breach defences. Thus, maintaining security efficacy requires ongoing vigilance, including regular system updates, penetration testing, continuous monitoring, and routine security assessments. 

Myth 7: Macs do not need Cyber Security

Mac’s may be inherently more secure than Windows machines, but they are by no means completely secure. Our article about Cyber Security for Mac goes into this in more detail, however, many of the same threats are still common. 

What's the path to enhanced Cyber Security?

Addressing these misconceptions paves the way for a deeper understanding of cyber security's complexities and necessities. Beyond debunking myths, it is imperative to adopt a multi-faceted security strategy. This strategy should encompass not only technological solutions but also legal and regulatory compliance, employee training, and a proactive incident response plan. 

Collaboration between public and private sectors can catalyse advancements in cyber security practices. Sharing knowledge about emerging threats and defensive tactics can fortify collective security measures. Additionally, leveraging artificial intelligence and machine learning can enhance threat detection and response times, further bolstering cyber defences. 

Remember: It is a collective responsibility that demands ongoing attention, adaptation, and collaborative effort. By embracing this comprehensive and dynamic approach, individuals and organisations can significantly mitigate their risk against evolving cyber threats.