Top 5 Cyber Risks for Businesses
Travelers Insurance put together the top 5 cyber risks for businesses. There are no surprises in their list. They not only look at each risk but give associated costs with each risk. Let’s take a look at the top risks.
Cyber Risk #1: Human Error: Lost and Stolen Laptops and Smartphones
Everyone at one time has lost or misplaced their phone or laptop. Unfortunately mobile devices are easy to loose.
Ransomware using Remote Desktop to spread itself
According to an article over at SC Magazine, hackers are using brute force to crack their way into Remote Desktop / Terminal Servers and installing a CryptoLocker type malware that is encrypting the files on the server.
Employees are the biggest security threat
There is a very good article over at the Grand Forks Herald that makes a compelling case that employees are the biggest security threat a business has.
Steele says the No. 1 threat to a company’s network security today is its employees. It’s been his experience that “breaking into a network is much more difficult that breaking into a person.”
“Trust is very deeply ingrained into our psyche. The easiest way for an attacker to get into a network is to break that trust,” he said.
It’s time to rethink employee security training
Data breaches dominate the news headlines. Whether it is the Home Depot, Target, Staples, Anthem or the Ashley Madison breach. Every day a new company is experiencing a data breach. Many businesses are asking when this will all end. Unfortunately, the end of data breaches don’t appear to be happening anytime soon.
Breach Secure Now! Rolls Out an Unlimited Clients IT Security Training Program for MSPs
MORRISTOWN, NJ (PRWEB) SEPTEMBER 08, 2015
Breach Secure Now! has lowered the barriers to increased IT security sales for MSPs by introducing Unlimited Clients Employee Security Training that they can now offer their SMB (small and mid-sized business) clients for free or for a minimal fee. A YouTube video explains the training program in detail.
MSPs: If your client has a data breach they will blame you
As we talk to potential MSP partners and give presentations at ASCII and MAXfocus events, we are starting to hear a common message:
I worried about providing security services to my clients because they may hold me legally responsible if they have a data breach.
You can understand why MSPs might think that not discussing security would help them avoid legal liability. No one wants to be in the position where they told a client “if you implement these security measures, you will not have a data breach”. Then if the client does have a data breach the MSP bears the responsibility.
Businesses are not prepared for cyberattacks
An article in Forbes discusses the risk of cyberattacks on businesses. Many companies are unprepared to prevent a cyberattack.
Yet many are still ill-prepared for the new age of cybercrime. Recently, PwC indicated less than half of companies surveyed are taking necessary steps to protect their business. This lack of action is not only leading to significant costs, but can result in immeasurable damage to corporate reputation.
SEC Investment Management Division Issues Cybersecurity Guidance
The US Securities and Exchange Commission (SEC) Division of Investment Management has issued cybersecurity guidance (PDF) to registered investment companies (“Funds”) and registered investment advisers (“Advisers”). The SEC has identify cybersecurity as an issue for both Funds and Advisers.
Survey: Companies worried about disclosure of PII
A survey by Mayer Brown shows companies consider the disclosure of PII the biggest cyber related threat.
Survey respondents overwhelmingly considered the disclosure of personally, identifiable information as the biggest cyber-related threat to their companies (63%). Concern about interruption of business operations such as system sabotage ranked second (24%).
Managed Security Services Market to Reach $32.9 Billion in 2020
Market intelligence from ABI Research estimates the current global market for managed security services will be around $15.4 billion by the 2015. They state that there is a big push by businesses to use managed security service providers (MSSP) to help with outsourced security. ABI Research estimates the market for MSSPs will be around $33 billion by 2020.