At the onset of 2020, cybersecurity was an increasingly ever-present concern for Not-for-Profit (“NFP”) organisations; the rate of incidents had steadily increased over the past few decades, and organisations of all sizes increasingly found themselves at risk. In recent months this concern has intensified, as more companies and organisations attempt to pivot to a remote work environment and secure their networks as a result of the coronavirus pandemic.
Not-For-Profit Cybersecurity Challenges
Traditionally, Not-for-Profit organisations have faced increased exposure when it comes to cyber threats. These organisations are the keepers of a variety of data that is a virtual goldmine to hackers, such as credit card numbers, emails, personal identifying information, and health information. In addition to being a steward of this sensitive data, Not-for-Profits also tend to be faced with a limited budget with which to implement strategic cybersecurity practices and as such may be seen as extremely attractive targets to cybercriminals. Another unique cybersecurity challenge faced by Not-for-Profit organisations is the oftentimes dichotomous relationship between efficiency and security. Unlike For-Profit businesses which tend to place emphasis on security, Not-For-Profits tend to focus on simplicity and ease-of-use when designing their online protocols. This is because the more cumbersome the donation process the less likely the donor will successfully finalise a transaction. As an example, it is common practice among retailers to add additional verification services, such as requiring customers to input CVV codes when making credit card purchases. Conversely, Not-for-Profit organizations are moving toward more efficient technologies such as “one-click” giving, as their primary concern is minimising barriers for individuals to make a donation.Click here to learn more.