This January, a hacker broke into Ethereum Classic, one of the more popular cryptocurrencies, and began rewriting transaction histories. Until recently, blockchains were considered unhackable, but it’s clear that cybercriminals always find vulnerabilities.
Here’s the lesson: If a blockchain can be hacked, no one is immune to the threat of cybercrime. And businesses are frequently exposed in unexpected ways.
One of the easiest vectors for a cyberattack is employee negligence. Easily avoidable mistakes, such as using the same passwords at home and at work, put company data at risk. According to a report from information security company Shred-it, 47 percent of business leaders attribute data breaches to human error or lost documents or devices. Plus, plenty of data breaches originate from phishing attacks, which means that some employee at the company has to “open the door” to the hacker for the breach to occur.
Because data breaches can incur enormous costs and greatly harm your company’s reputation, it’s imperative to do all you can to prevent them or mitigate the effects if they occur. Often, it’s difficult to know how to discuss this important issue with your team. As you work to prevent employee-related cybercrime at your company, keep these three basic principles in mind to encourage cybersecurity best practices: