Page 43 - Cyber Defense eMagazine February 2024

The Importance of Cyber Hygiene for

Businesses

By Rigo Van den Broeck, Executive Vice President, Cyber Security Product Innovation at
Mastercard

Cybercrime is set to cost $10.3 trillion worldwide by 2025, and it’s growing fast. It’s a multi-pronged
mutating threat that excels at evading detection. But left unchecked, it can pose major systemic risks to
critical infrastructure. For example, and rather alarmingly, ransomware accounted for 54% of
cybersecurity threats in the European health sector between 2021 and 2023.

Wherever your organization sits in the global cyber ecosystem, the customers and partners in your orbit
depend on you having good cyber habits to stay ahead of threats and fix network vulnerabilities that could
cripple an IT network, as well as the third parties it does business with.

Think of it like driving a car. Every driver understands the importance of maintaining their vehicle. Keeping
it in good condition, checking the tyres, putting in the right fuel, keeping it safe, and keeping it insured.
Your business’ cybersecurity is exactly the same – and we call this ‘cyber hygiene.’

Cyber Defense eMagazine – February 2024 Edition 43
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