This practice, which is unfortunately still widespread in an environment of relentless cyberattacks, is fraught with major cyber and financial risk.
Unsecure messaging apps are a gateway for cybercriminals to access, expose and exploit an enterprise's sensitive data.
To mitigate cyber and financial risk, enterprises should move to secure mobile messaging platforms with robust security and control features that are specifically designed to maintain data security, integrity and privacy.
Using messaging apps not designed for the enterprise invites a cyber risk nightmare and financial risk disaster.
Cyber criminals are using unsecure mobile messaging tools to infiltrate and wreak havoc on enterprise networks and systems.
Bad actors are very aware that consumer-grade messaging apps and unsecure collaboration tools were not designed for enterprise use and are tailoring attacks to take advantage of security gaps and vulnerabilities in these tools.
The use of unauthorized apps in the workplace like consumer-grade messaging apps, or what is called shadow IT, introduces network vulnerabilities that put companies at risk of compliance violations and data breaches.
Randori's State of Attack Surface Management 2022 report revealed that 7 in 10 organizations have been compromised by shadow IT. Financial risk disaster.
Using personal messaging apps in the workplace can also result in crippling financial losses for enterprises.
Over the last few years, many organizations learned the hard way that using these unsecure communication and collaboration tools exponentially increases cyber risk that can result in costly compliance violations.
Last year, the Wall Street Journal reported that credit-rating firms are warning companies about cyber risks and issuing reports on how attacks could affect their credit ratings.
This has serious implications for companies as a cyber risk downgrade in credit rating can negatively impact shareholder value and investor confidence.
Evolving data privacy and security regulations present another financial risk, with regulators stepping up enforcement and issuing record fines for compliance violations.
Data protection supervisory authorities across Europe have issued a total of €1.64 billion in fines since January 28, 2022, representing a year-on-year increase in aggregate reported GDPR fines of 50%. The right mobile messaging tools reduce enterprise risk.
The growing frequency and sophistication of cyber threats present existential levels of cyber and financial risks for enterprises today.
The practice of using unsecure mobile messaging apps in the workplace needlessly increases these risks.
Using enterprise-grade secure mobile messaging technology mitigates cyber and financial risks in business communication.
Providing employees with user-friendly mobile messaging tools that don't compromise security or compliance is a risk management strategy that eliminates the use of unsecure mobile messaging apps.
When employees have the secure tools they need to optimize their work experience, productivity increases and cyber risk decreases.
Today, organizations need to ban the use of unauthorized messaging apps and adopt enterprise-grade platforms to protect their networks and systems from the cyber threats that create cyber risk nightmares and financial risk disasters.
This Cyber News was published on www.cyberdefensemagazine.com. Publication date: Mon, 15 Jan 2024 23:13:04 +0000