As businesses become increasingly digital, the threat of cybercrime looms large. In fact, businesses expect to experience a significant increase in cyberattacks in 2022.
In response to this growing threat, many businesses are planning to increase their physical security measures. This includes beefing up security protocols at their offices and warehouses, as well as increasing the number of security personnel on staff.
One reason for this shift is that businesses have realized that they are not as safe as they thought they were. In the past, many businesses believed that the only threat to their security was from cybercriminals. However, with the advent of ransomware and other malicious software, businesses are now realizing that physical security is just as important as digital security.
Another reason businesses plan to increase physical security is that they understand the consequences of not doing so. Much like how businesses all over the world have become reliant on computer networks and software, businesses will similarly be more vulnerable if something were to happen to their physical infrastructure.
In fact, according to a report by The World Bank Group, businesses lose $60 billion annually due to supply chain disruption. A large part of this loss can be attributed to physical security breaches such as theft and vandalism. This number is expected to rise in 2022 as businesses continue increasing their reliance on technology and digitization of services such as banking increases.
As businesses make more products and services available online, cybercriminals see them as easy targets. According to Cybersecurity Ventures, businesses will continue to be more vulnerable as businesses continue making their employees and services available online.
According to the Federal Bureau of Investigation, businesses can protect themselves from cyberattacks by practicing physical security measures such as locking doors, implementing access cards for employees and visitors, installing video surveillance cameras and alarms, and limiting access points for vehicles.
However, businesses must also implement technological security measures such as shielding their data centers and strong passwords that change periodically. This is because technological crime like computer hijacking and malware will become increasingly common in 2022.
Businesses can purchase software tools which allow them to monitor events taking place on their properties remotely without having to send out an employee.
In addition, businesses must also focus on training their employees because if an employee of a company is careless with passwords or does not have proper knowledge on how to protect themselves from online predators, the entire business will suffer the consequences. For example, businesses who store data on cloud servers can be particularly vulnerable if their employees do not take proper precautions when logging into external accounts from home or using personal devices for work-related purposes which can expose sensitive information. Also businesses cannot afford to have poorly trained employees because there are always ways that criminals can exploit human error and use it against businesses.
Businesses are planning to increase their stockpiles of cash in 2022. A major reason businesses are planning on increasing their stockpiles of cash is that they believe physical money is more secure than digital money. For example, BankInfoSecurity reports that in 2016 cybercriminals made over $1 billion in just three months from stealing funds through ATM malware attacks. These kinds of attacks are expected to increase in 2022 due to businesses investing heavily in technologies such as cloud computing and blockchain which make data easier for criminals to access. Businesses may also be required to pay large ransoms if sensitive information or systems are compromised because of a cyberattack.
This is an important topic because businesses need to focus on both physical and technological security. If businesses invest only in one or the other, they may be more susceptible to cyberattacks. Thus companies should increase physical security measures, focus on employee training, and invest in technologies that will help to protect them from cyberattacks in 2022.