Cybersecurity is high up on a lot of people’s minds – especially given the worldwide increase in cyber threats, which equate to roughly a 62% increase in costs to both remedy issues and further strengthen against cyber threats.
However, while 74% of companies say that cybersecurity issues are a point of high priority for senior management, only 33% of surveyed companies have a formal cybersecurity policy in place, and just 11% have a protocol in place for when an attack happens.
According to Fortune.com, 75% of cyber-attacks can spread from Victim 0 to other victims within 24 hours, and 40% of cyber-attacks can spread within the hour. As such, it has been argued that crowdsourced threat intelligence can provide a stronger form of defence – the strength of the many is greater than the strength of the one.
Indeed, crowdsourcing works to a company’s favour and covers three important areas. The first is collaborating for a specific cause. Networks can be fortified through the shared expertise of cybersecurity specialists. Secondly, intelligence can be shared.
It makes total sense in our age of interconnectivity, of the greatest companies acting as conduits for content created by the masses for the masses (Facebook, Twitter, Instagram), that having the people have a stake in their own online protection.
