88 Percent of Employees Lack Knowledge to Prevent Cyber Attacks

Updated:
September 27, 2021

According to a recent report, 88 per cent of employees lack the understanding necessary to prevent common cyber attacks. That report was designed to test the level of knowledge and awareness of cyber security among employees by asking them to name proper behaviours in given circumstances. The survey covered eight risk domains and assigned three risk profiles - Risk, Novice, and Hero - to indicate an employee's privacy and security awareness IQ.

Key findings from the report include the following:

  • Only 12 per cent of respondents earned a "Hero" profile, while 72 per cent were given a "Novice" profile and 16 per cent were given a "Risk" profile.
  • Almost 40 per cent of respondents disposed of a password hint using insecure means.
  • About 25 per cent of respondents failed to recognize a sample phishing email, even though it came from a questionable sender and included an attachment.

Prevent Cyber Attacks by Educating Employees

This report highlights one of the key vulnerabilities of any organization - employees' lack of basic cyber security knowledge. Regardless of other hardware or network protections, employees can and will allow cyber criminals into an organization, often without even realizing it. Fortunately, employee cyber training can help reduce this risk to your organization.

We have compiled a complete guide to employee cyber training, click here to download our Employee Cyber Training Manual.

[PDF] Employee Cyber Training Manual Download

FAQs

What is financial advising?

Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.

Why is financial planning important?

Financial planning is crucial for several reasons:

Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.

Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.

Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.

Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.

Can financial advisors help with debt?

Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.

What exactly does a financial advisor do?

The specific responsibilities of a financial advisor can vary, but generally, they:

  1. Conduct a thorough analysis of a client's financial situation, including income, expenses, assets, and liabilities.
  2. Develop personalized financial plans based on the client's goals, risk tolerance, and time horizon.
  3. Provide investment advice and portfolio management services.
  4. Offer guidance on retirement planning, estate planning, tax planning, and insurance.
  5. Monitor and adjust financial plans as needed based on changes in the client's life or market conditions.
  6. Educate clients on financial matters and empower them to make informed decisions.
What is the average fee for a financial advisor?

The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.

Common fee structures include:

Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
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It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.