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Cisco Systems, Inc. (CSCO): Firms Should Also Focus On Employees For Cyber Security

Cisco Systems, Inc. (NASDAQ:CSCO)’s director of security, Terry Greer-King, said in a discussion on Bloomberg’s The Pulse that companies should also focus on their employees in the fight to ward off cyber attacks and data breaches.

The Cisco Systems, Inc. (NASDAQ:CSCO) director said that cyber security is now a bigger point of discussion for management teams of companies. The attacks have been getting a lot of press and they are real as well as occurring more frequently, he said.

Furthermore, he said that technology is fighting cyber attacks and the technologies companies use, including Cisco Systems, Inc. (NASDAQ:CSCO), are getting more complex.

“We realize though that tech is not the only solution to this. Part of the solution involves people a little bit more. We’ve got a difference in the physical world and the virtual world. In the physical world, we are all aware of physical security risk. In the cyber world, [it’s] completely different,” he said.

In the physical world, he said for example people don’t walk down dark alleys because of the threat. In the cyber world, employees may not realize that they are putting their companies’ data at risk.

As an example, people may be well-meaning and store data in their personal accounts and devices to keep working even when out of the office, Greer-King said. However, this is a very bad practice when it comes to security, the executive noted at a later part of the interview.

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New technologies like smartphones and cloud storage and their spread has broadened what he calls the “attack surface”. That’s why companies need to focus more on security, he implies, and that includes educating their workforce about correct procedures to ensure the integrity of the company’s systems and data.

The Cisco Systems, Inc. (NASDAQ:CSCO) official said that security should be thought of as a business process wherein the company knows what assets they have out there, where their assets are, what assets need protection and what assets could be breached without affecting the company.

Greer-King said, however, that there’s a positive change going on in the world about this issue as governments are collaborating more and companies are realizing that they need to educate their workforce about security.

Ken Fisher’s Fisher Asset Management owned 15.11 million shares in Cisco Systems, Inc. (NASDAQ:CSCO) by the end of September.

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