Bad news for honest hard-workers:
Cyber-attacks are on the rise.
Where once someone who disagreed with your business practice might picket outside your office – now they just take down your website. Where criminals used to pickpocket strangers in crowded public places – now they harvest credit card information from retailers who fail to protect your sensitive information.
In the last couple years, some major cyber-attacks have taken place in the U.S. alone.
Ebay had 233 million users’ personal records stolen.
Target had their point-of-sale (POS) system compromises in an elaborate attack that used third party contractors to penetrate the internal network and attack an internal Windows file server.
Home Depot had a similar incident where cyber criminals gained access through a third party account and exposed data on 56 million credit and debit cards.
American Airlines had 10K accounts compromised in January this year.
Anthem Inc experienced a massive data breach a few months ago, (arguably the largest in corporate history).
And the list goes on and on…
As the cyber-security firm, US Cyber Vault says, “Your data has been breached; you just don’t know it yet.” So, just how protected is your infrastructure? Can you guarantee its safety against cyber intruders? What about from your people in-house?
Cyber Crime, Hacktivism, Cyber Espionage, Cyber Warfare – call it what you like – it’s crippling businesses that aren’t adequately prepared.
Let’s look at some statistics to give us some perspective:
Pricewaterhouse Coopers estimates there will be 42.8 million cyber-attacks this year (which translates to roughly 117,339 attacks each day.) That number was gleaned not just from reported attacks but also considering the 48% rise in cyber crime from 2013 to 2014.
What’s the cost? Kaspersky Lab estimates that an average data security incident costs a business around $720,000. And that’s just the average. Some companies balloon that number to well over a million dollars (Target’s breach cost them $150 million…)
What’s worse is that Kaspersky Lab reported that almost every company that they surveyed (94% to be exact) experienced a cyber security incident. 12% of those were targeted attacks.
So, besides the cyber criminals chomping at the bit to expose sensitive information from your organization, the real threat for most enterprises is internal negligence or malicious behavior. Known to some as the “bad apple” employee, these internal threats can pose serious problems for a business.
The Verizon 2014 Data Breach Investigations Report says that 8% of corporate breaches in 2013 and 13% from 2004-2012 were caused by internal misuse. And these are just the ones that got reported…
Granted many entry points for security incidents caused by employees were unintentional and the result of downloading an email or website virus, but malicious attacks are not uncommon and stand the biggest risk to the organization.
So how do you stay protected?
It’s not enough to just have computer and data policies in place – you need to ensure your employees understand them.
This security culture must be created and governance and permissions must be strictly in place, regulated and enforced.
Protect your business with enterprise-resources.
If you don’t have the latest security updates to your on-premises system on the budget; you need to consider outsourcing to hosting providers who can safeguard your data with top-level security, availability and performance. Thanks to shared costs from customers, hosting providers can create state-of-the-art data centers that single organizations can rarely afford. Add to that the expertise behind each solution and the value that certified engineers and technicians can bring to your investment, and you’re on the right track.