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Before you answer that question, let’s consider a few things about data breaches and IT security. The threat posed by a cyber-attack cannot be underestimated. It can cause irreparable damage to your company. At risk are your businesses reputation, consumer trust and the bottom line. They even have the power to change election results. Billionaire investor Warren Buffett considers cyber-attacks a more significant threat to humanity than nuclear weapons. The truth is that we live in a digital world where cyber threats continue to become more and more common.
Most people believe that these attacks affect only a small number of businesses. Unfortunately, this is not the case.
In 2017, there were over 1 million malware attacks in the Americas. Over 50% of data breach victims are small to medium-sized businesses. The average cybersecurity breach costs a company $117,000.00, not including downtime and the potential loss of customers trust and business.
Here are a few global companies affected by Cyber Attacks in 2017 to Present:
Equifax Data Breach – 145.5 Million Accounts were compromised due to an outdated application framework thereby exposing a security vulnerability which had been overlooked.
hackers accessed a server containing personal information for more than 57 million Uber drivers and riders. They demanded a $100,000 ransom to delete their copy of the data, which Uber paid.
1,200 Locations were compromised resulting from Point-of-sale malware. By all reports, the malware seized customers’ unencrypted credit card data as it passed through servers.
14 Million Accounts were discovered unsecured online due to a server misconfiguration by a third-party vendor.
3 Billion personal and business accounts were compromised and are still being affected to this day.
Although companies are getting wiser, many companies still do not build cyber and privacy risk management into their technologies.
This is where vast improvements can be made – building in risk management from the design phase through to production.
Most hackers still rely on human error to illegally gain access to data. There are steps you can follow to help keep your business and its data safe. For instance, encrypting your data will protect information on your hard drives. Installing antivirus and anti-malware software and firewalls on your company’s computers is also a great way to keep the hackers away.
Updating your operation system, having the right intrusion detection tools, backing up your data and limiting access to restricted assets to a few employees are also strategic methods in combatting the ever-growing number of cyber crooks.
However, continually evolving IT Security protocols and more sophisticated attacks can make it a challenge to stay one step ahead of the bad guys. What’s your best bet?
Outsourcing your cyber security needs to professionals allows you access to the best of both worlds: the best in state-of-the-art cybercrime technologies and technicians certified in the most up to date IT security best practices. It’s a win-win.
Micro Computer Consulting’s (MCC) Managed IT Services gives you all available tools to help prevent cyber-attacks, data breaches, identity theft and other cyber threats. When an organization has a strong sense of network security and has an effective incident response plan, it is better able to prevent and mitigate these attacks. Keep in mind that end-user protection defends information and guards against loss or theft while also scanning computers for malicious code.
At MCC we have the expertise and compliance to ensure your company has the right layers of data protection in place to stop an attack in its tracks.
Contact us for a FREE consultation. MCC is here to keep your data and business safe!