3 Cybersecurity Myths That Will Hurt Your Business This Year
In today’s fast-paced world of technology and cybersecurity, it’s easy for businesses to get caught up in myths and outdated beliefs. Unfortunately, these misconceptions can leave your business vulnerable. Based on findings from CompTIA’s 2024 State of Cybersecurity report, here are three myths you need to stop believing—before they cost you.
Myth 1: Our Cybersecurity Is Good Enough
Fact: Cybersecurity requires continuous improvement.
Many business leaders assume their current security is fine, but cybersecurity is always evolving. According to CompTIA, 39% of surveyed businesses said one of their biggest challenges is the belief that their security is already “good enough.”
Here’s the problem: Cyber threats change constantly, and unless your team is monitoring and improving regularly, you’ll quickly fall behind. While 40% of executives are satisfied with their company’s cybersecurity, only 25% of IT staff agree. This disconnect is dangerous because it creates blind spots in your protection strategy.
What You Should Do:
Talk to your IT and business teams to assess your current risks and create an action plan. Remember, “good enough” isn’t really good enough. Regular updates and improvements are crucial to staying secure.
Myth 2: Cybersecurity Only Protects Against External Threats
Fact: Threats come from both inside and outside your organization.
One of the biggest data breaches in recent years involved a Heathrow Airport employee losing a USB drive with sensitive data. No hacker was involved—it was simple human error, but it still cost the company £120,000 (about $150,000).
Cybersecurity isn’t just about blocking outside attackers. Internal risks—like employee mistakes and careless handling of sensitive information—can be just as harmful. Social engineering attacks (like phishing) rely on human error, and third-party vendors can also be weak points.
What You Should Do:
Train your team on cybersecurity best practices, both online and offline. Set clear policies for social media usage, data sharing, and how to recognize phishing attempts.
Myth 3: Cybersecurity Is IT’s Job
Fact: Cybersecurity is everyone’s responsibility.
Sure, your IT team plays a big role in implementing security measures, but a truly strong cybersecurity strategy involves everyone—from executives to front-line employees. CompTIA found that in many companies, CEOs and business staff are rarely involved in cybersecurity discussions, leaving important decisions entirely to technical teams.
What You Should Do:
Bring different departments into the conversation. Each department faces unique risks, and having input from all areas of your business will make your security plan stronger. Cybersecurity is a team effort.
Don’t Fall for These Myths
By keeping these facts in mind, your business can stay secure, resilient, and prepared for whatever the future brings. A little proactive effort goes a long way in protecting your company.
