: Cyber-attacks continue to rise throughout 2020 with no sign of slowing down. Having the SEC chairman weigh in not only validates advisories previously released by government organizations but is a reassuring sign that companies are beginning to understand the threat and how to better educate and protect themselves. Cyber defense takes place at every level of an organization. Individuals need to understand how a cyber-attack can be initiated at the individual level, use strong passwords, and incorporate multi-factor authentication. Businesses need to ensure the software is updated, systems are monitored around the clock for security events, encrypt and back-up data, and educate their staff on cybersecurity. For businesses lacking sufficient technical staff to maintain 24/7 security operations, it is important to find a trustworthy Managed Security Services Provider (MSSP) to partner with.

Source: https://www.cnbc.com/2020/11/02/secs-jay-clayton-on-cybersecurity-threats-to-corporate-america.html?&web_view=true