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Why cybersecurity training is important

CW Fong
3 min readApr 15, 2022

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As the world becomes increasingly digital, cybersecurity threats are on the rise. Information has become the new oil, and security breaches take place on a daily basis. While not all breaches will be as high-profile as the 14 Dec 2018 breach against Facebook, the frequency with which breaches are happening is alarming.

According to Cyber Crime Diary, in the last quarter of 2018, there was a total of 102 cybersecurity breaches. And these are the larger breaches that were reported. Many smaller breaches go unreported. Cybersecurity experts estimate that in 2021, cybercrime damages cost the world $6 trillion. This is exponentially more than the damage inflicted from natural disasters in a year, and definitely more profitable than the global trade of all major illegal drugs combined. If it were measured as a country, then the income generated by cybercrime would be the world’s third-largest economy after the U.S. and China.

It is therefore imperative that any individual that is online, know how to prevent and mitigate cybersecurity threats. This knowledge will not only protect the individual, but also the organizations they work for. In the new economy, proprietary information is an organization’s strategic edge, and business competitors and cybercriminals will rely on industrial espionage to collect proprietary recipes and formulas, operational data…

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CW Fong
CW Fong

Written by CW Fong

I blog therefore I am. Passionate about #Singapore, #Leadership, #PublicRelations, #Retirement, and #PersonalDevelopment. Above all, I do no evil

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