In spite of this cyber war and in an effort to be first to market, many companies still rush their products out while ignoring proper security integration during development which can lead to disastrous side effects for businesses. Costing them valuable data, reputation, money and time to amend their product weaknesses. Companies can spend a great deal of time and money developing security patches, repeatedly rolling back and implementing updates, and buying other technologies to secure their own offering. This cycle can potentially continue for years releasing cures to the latest aliments while fearing the next hit.
Looking back at cybercrime incidents of the past 10 years, only the questions of "if" and "when" remain. "If" a business has no active cybersecurity policy and processes even just hundreds of rich customer records, "when" becomes soon enough. For the past 10 years, at least eight large-scale data breaches per year have trembled economies. You’d imagine that as business owners, we would have learned the immense value of the digital data we hold. The Ponemon Institute says that just in the US, the average size of a data breach is 25,575 records with a cost of $150 per record on average. That could be the money you would have paid in damages, as a government fine, and potentially in customer lawsuits.
Often, the significance of backing up your company’s data is diminished by the hundreds of other things you must do as a small business owner to simply keep the company running day-to-day. Unfortunately, what most small business owners fail to realize is that the lack of an adequate data backup can cause the doors of a business to close more often than you’d think. For this reason, it is crucial that every company has at least one efficient and effective method of data backup in place.
Cybersecurity breaches are a major threat to every business and can quickly lead to network downtime. In fact, a standard breach costs an average of $3.5 million (IBM). However, if a large organization is unprepared, this cost could skyrocket, as was the case for one firm last year, which lost an estimated $51 million after halting operations due to a breach.
Because of the COVID-19 virus pandemic, millions of Americans have been asked to stay in their houses until further notice. Our new national focus on hygiene and hibernation means that we’re mostly home, save for only necessary trips to the grocery store, the pharmacy, or for medical appointments. While it’s hard to define being quarantined as a good thing, from a security perspective, it means the chances of experiencing a home burglary are now quite low.
Artificial intelligence (AI) presents a perfect solution to compensate for unmanned environments or those with limited staffing, or the loss of vigilance after looking at a screen too long. AI can help us not only watch continuously, but also feed systems that are able to sort, organize and categorize massive amounts of data in a way that human operators cannot. And it can do so far more reliably than traditional video analytics ever did.
CMOs are now tasked with introducing privacy-centric practices to protect consumer data, while simultaneously using this data to personalize experiences. Here are three ways privacy will need to evolve organization-wide as demand for personalized "everything" grows.
In late January, the Department of Justice filed lawsuits seeking temporary restraining orders against five companies and three individuals, based on allegations that they had carried hundreds of millions of fraudulent robocalls to American consumers. Within days, the Federal Trade Commission (FTC) sent letters to 19 Voice over Internet Protocol providers to warn them that any assistance or facilitation of telemarketing through robocalls would be deemed to violate the new law.
As companies find themselves suddenly shifting to remote work due to the COVID-19 (coronavirus) outbreak, many employees are working from home for the first time. While not ideal from a security standpoint, there are simple steps you, and your employer, can quickly take to better secure your new working environment.
The term “spoofing” might have a comic implication in some contexts, but it’s no joke when it comes to information security. In fact, this is a subject matter of a whole separate chapter in a seasoned cybercriminal’s handbook. It comprises a multitude of techniques aimed at camouflaging a malicious actor or device as somebody or something else. Out of all the nefarious scenarios that fit the mold of a spoofing attack, the following 11 types are growingly impactful for the enterprise these days.
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