Patricia Delgado
CYB320 4-1 Journal
June 2024
Cybersecurity attacks have been on the rise. It is not if an attack will happen but when it happens. Attacks haven’t just grown in quantity but also in sophistication and skill level. Hackers
keep up with technological advances their numbers don’t lie; 525 monthly average publicly disclosed incidents so far for 2024 (Devans, 2024). The financial damage from data breaches has increased, in 2023 the average cost of a data breach was 9.48 million dollars (Published by Ani Petrosyan & 22, 2024). Recent studies show in 2021 a ransomware attack happened every 11 seconds; it’s projected to drop to every 2 seconds by 2031. These studies suggest cybercriminals can penetrate 93% of a company’s network Cybersecurity Budget Guide, n.d.). The average attack surface has grown with the onsite of covid showing up. Without a strong cybersecurity program in place within our organizational strategy we can most likely see us among the statistics for cybercrime victims. The risk can cost the company millions in legal fees, and fines from being under protected but it can cost us business reputation which can directly affect our bottom line. It’s like a phrase you hear from doctors, pay for health now or pay for you healthcare later. Adding needed funding to the annual cybersecurity budget is cost effective because being as caught up in technology as cybercriminals gives us an advantage and not nearly as expensive as being hacked would be. Taking a layered approach might seem like a lot to someone unfamiliar with cybersecurity but picture this, your home has multiple windows, front door, back
door, maybe a garage door, maybe even a doggie door; now you lock the doors but leave the windows unlocked. Now hours later someone is snooping around your home looking for a way,
