{"id":10761,"date":"2024-01-19T15:11:02","date_gmt":"2024-01-19T09:41:02","guid":{"rendered":"https:\/\/threatcop.com\/blog\/?p=10761"},"modified":"2024-01-22T18:26:38","modified_gmt":"2024-01-22T12:56:38","slug":"cost-of-ignoring-people-security-management","status":"publish","type":"post","link":"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/","title":{"rendered":"The Cost of Ignoring People Security Management (PSM) in Cybersecurity"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">In this era of technology, People Security Management (PSM) has become crucial. Many organizations focus on technological defenses but often overlook the human element, a key vulnerability. This blog explores the risks of ignoring cybersecurity awareness, highlighting PSM&#8217;s vital role in people-centric security.<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #414141;color:#414141\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #414141;color:#414141\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Neglecting_People_Security_A_High_Cost\" >Neglecting People Security: A High Cost<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Increased_Security_Breaches\" >Increased Security Breaches<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Consequences_in_the_Real_World\" >Consequences in the Real World<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Leading_the_Way_in_People-Centric_Cybersecurity_with_PSM\" >Leading the Way in People-Centric Cybersecurity with PSM<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Comprehensive_People_Security_Approach\" >Comprehensive People Security Approach<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#The_Unique_AAPE_Model_A_Foundation_of_People_Security\" >The Unique AAPE Model: A Foundation of People Security<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Empowering_Employees\" >Empowering Employees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Customized_Training_and_Ongoing_Enhancement\" >Customized Training and Ongoing Enhancement<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Advantages_of_Adopting_PSM\" >Advantages of Adopting PSM<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#More_than_Risk_Reduction\" >More than Risk Reduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Considerable_Long-Term_Financial_Gains\" >Considerable Long-Term Financial Gains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Enhancing_Brand_Resilience\" >Enhancing Brand Resilience<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#Conclusion\" >Conclusion<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/threatcop.com\/blog\/cost-of-ignoring-people-security-management\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<p><span style=\"color: #000000;\">PSM offers a strategic focus on the human factor within organizations, typically seen as the <a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/people-security-management\/\"><strong><span style=\"color: #183994;\">weakest link<\/span><\/strong><\/a>. It involves creating policies, implementing practices, and initiating training based on extensive threat intelligence. This strategy strengthens an organization&#8217;s defense by addressing human vulnerabilities, behaviors, and decision-making.<\/span><\/p>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Neglecting_People_Security_A_High_Cost\"><\/span><strong><span style=\"color: #000000;\">Neglecting People Security: A High Cost<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Increased_Security_Breaches\"><\/span><span style=\"color: #000000;\">Increased Security Breaches<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">Neglecting appropriate people security practices might have grave consequences. According to Cybersecurity Ventures, by 2021, cybercrime &#8211; which includes data loss, financial fraud, lost productivity, theft of intellectual property, and other crimes &#8211; may cost the global economy $6 trillion yearly.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consequences_in_the_Real_World\"><\/span><span style=\"color: #000000;\">Consequences in the Real World<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">Numerous instances show severe breaches due to inadequate employee centric Security. Imagine a scenario where a well-known financial institution faces a major data breach. This breach occurs because an employee unknowingly falls for a sophisticated phishing scam, revealing sensitive client data. The consequences include substantial financial losses, legal ramifications, reputational damage, and a loss of customer trust.<\/span><\/p>\n\n\n<p><span style=\"color: #000000;\">Read More: <a href=\"https:\/\/threatcop.com\/blog\/microsoft-teams-phishing-attack\/\"><span style=\"color: #183994;\">Microsoft Teams Attacks: Hackers Pose as Tech Support<\/span><\/a><\/span><\/p>\n<p><span style=\"color: #000000;\">This example underscores the importance of robust cybersecurity awareness and training programs like those offered by Threatcop to prevent such incidents. Comprehensive solutions like TSAT (Threatcop <span style=\"color: #183994;\"><a style=\"color: #183994;\" href=\"https:\/\/threatcop.com\/threatcop-security-awareness-training\">Security Awareness Training<\/a><\/span>) and TPIR (Threatcop <span style=\"color: #183994;\"><a style=\"color: #183994;\" href=\"https:\/\/threatcop.com\/threatcop-phishing-incident-response\">Phishing Incident Response<\/a><\/span>), aims to significantly reduce such risks by educating and empowering employees to recognize and respond effectively to cyber threats.<\/span><\/p>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leading_the_Way_in_People-Centric_Cybersecurity_with_PSM\"><\/span><span style=\"color: #000000;\">Leading the Way in People-Centric Cybersecurity with PSM<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comprehensive_People_Security_Approach\"><\/span><span style=\"color: #000000;\">Comprehensive People Security Approach<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\"><a href=\"https:\/\/threatcop.com\/people-security-management\">People Security Management<\/a> adopts a four-pronged strategy to combat cyber threats, including vulnerability assessment, organizational awareness, robust protection measures, and empowering employees to defend against cyber threats.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Unique_AAPE_Model_A_Foundation_of_People_Security\"><\/span><span style=\"color: #000000;\">The Unique AAPE Model: A Foundation of People Security<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">PSM strategy is anchored in the <a style=\"color: #000000;\" href=\"https:\/\/threatcop.com\/blog\/people-security-management-a-comprehensive-framework-and-model\/\"><span style=\"color: #183994;\">AAPE Model<\/span><\/a>\u2014Assess, Aware, Protect, Empower. This transforms employees at all levels into a strong defense line against cyber threats, starting from vulnerability assessment to empowerment with the skills and tools needed for organizational protection.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1509\" height=\"750\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2024\/01\/AAPE-Model.webp\" alt=\"AAPE Model by Threatcop\" class=\"wp-image-10765\"\/><figcaption class=\"wp-element-caption\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">AAPE Model by Threatcop<\/mark><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Empowering_Employees\"><\/span><span style=\"color: #000000;\">Empowering Employees<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">PSM transcends traditional cybersecurity by cultivating a proactive culture. Interactive and realistic simulated attacks help transform the workforce into an alert and informed defense system.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Customized_Training_and_Ongoing_Enhancement\"><\/span><strong><span style=\"color: #000000;\">Customized Training and Ongoing Enhancement<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">Cybersecurity training is customized to each organization&#8217;s specific needs, combined with constant feedback and improvements, preparing employees for the ever-changing threat landscape.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages_of_Adopting_PSM\"><\/span><span style=\"color: #000000;\">Advantages of Adopting PSM<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"More_than_Risk_Reduction\"><\/span><span style=\"color: #000000;\">More than Risk Reduction<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">Implementing PSM, as seen with platforms like Threatcop, extends beyond minimizing risks. It includes regulatory compliance and safeguarding the organization from legal repercussions of data breaches.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Considerable_Long-Term_Financial_Gains\"><\/span><span style=\"color: #000000;\">Considerable Long-Term Financial Gains<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">By preventing security incidents, investing in PSM can result in significant cost savings in terms of minimizing costs associated with breach recovery, legal fees, and reputation harm. According to research by the Ponemon Institute, the typical cost of a data breach is roughly $3.86 million.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Enhancing_Brand_Resilience\"><\/span><span style=\"color: #000000;\">Enhancing Brand Resilience<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">Organizations that emphasize cybersecurity awareness via PSM are viewed as responsible and reliable, attracting both customers and security-minded employees.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"color: #000000;\">Conclusion<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"color: #000000;\">Overlooking People Security Management can have dire consequences for organizations in today&#8217;s digitally dominated world. Integrating PSM, as demonstrated by Threatcop, is key to developing a robust, informed, and proactive workforce, effectively reducing cyber threats. This transformation turns employees from security liabilities into informed protectors, significantly boosting an organization&#8217;s cybersecurity stance.<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1705653568093\"><strong class=\"schema-faq-question\">Question. PSM&#8217;s Role in Regulatory Compliance?<\/strong> <p class=\"schema-faq-answer\">PSM ensures employees know and follow best cybersecurity practices and legal requirements, aiding in meeting various regulatory standards.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1705653713469\"><strong class=\"schema-faq-question\">Question. PSM&#8217;s Impact on Market Value?<\/strong> <p class=\"schema-faq-answer\">By avoiding breaches and fostering a secure image, PSM positively affects an organization&#8217;s market value and customer trust.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1705653851946\"><strong class=\"schema-faq-question\">Question. Define PSM?<\/strong> <p class=\"schema-faq-answer\">People Security Management <strong>(PSM)<\/strong> is a strategy that focuses on human vulnerabilities in cybersecurity, training employees to effectively identify and respond to cyber threats.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1705653910712\"><strong class=\"schema-faq-question\">Question. What&#8217;s unique in People Security Management?<\/strong> <p class=\"schema-faq-answer\">Threatcop uses interactive simulations and real-life scenarios to foster behavioral change and resilience, rather than just theoretical knowledge.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1705654023487\"><strong class=\"schema-faq-question\">Question. How effective is People Security Management in reducing cybersecurity risks?<\/strong> <p class=\"schema-faq-answer\">By educating and empowering employees, PSM significantly lowers the risk of breach occurrences due to human errors.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this era of technology, People Security Management (PSM) has become crucial. Many organizations focus on technological defenses but often overlook the human element, a key vulnerability. This blog explores the risks of ignoring cybersecurity awareness, highlighting PSM&#8217;s vital role in people-centric security. PSM offers a strategic focus on the human factor within organizations, typically [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":10762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,1],"tags":[],"class_list":["post-10761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity-awareness","category-people-security-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Cost of Ignoring People Security Management in Cybersecurity<\/title>\n<meta name=\"description\" content=\"Learn how ignoring people security increases risks of breaches and how a comprehensive approach with training and awareness can safeguard.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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