CYBER ATTACKS: NO COMPANY IS too small
Many companies think because they are small they are immune to a cyber attack—after all, they do not have the net worth of, say, Target ($38B) or Home Depot ($55B) or Walmart ($250B). This is a dangerous misconception. The fact is, whether you are worth millions or billions you are at risk, and your insignificant size might be the very thing putting you in jeopardy.
What makes a small business attractive to hackers? For one thing, smaller enterprises often don’t have the resources to implement the programs and training necessary to prevent, detect, and recover from attacks. Larger organizations do have the resources (including insurance) to weather a breach, but smaller ones may suffer irreparable damage. Another attractive difference is that while larger companies have a more holistic, integral view of IT security that extends across an enterprise, smaller companies tend to have a more myopic view where IT security is relegated to, well, IT. In addition, since smaller companies often have less sophisticated firewalls and detection programs, they may be targeted as a portal for later use as conduits to larger organizations. For example, preliminary investigations indicate that the mess at Target may have been initiated by an employee of their HVAC vendor who opened a malware-laden email. It has been said that you are only as strong as your weakest link, and all too often, that link is human.
Whether you recognize it or not, your organization’s systems and data are exposed in countless ways, including via mobile apps, third party vendors, remote employees, former employees, cloud storage, weak passwords, neglected legacy systems, and social media. In its September 30th report, Managing Cyber Risks in an Interconnected World: Key Findings from The Global State of Information Security Survey 2015, PricewaterhouseCoopers writes,
We also saw increases in attacks on connected consumer devices— such as baby monitors, home thermostats, and televisions— that comprise the Internet of Things, a nascent ecosystem of devices that interconnect information, operational, and consumer technologies. These Internet-connected devices are vulnerable to attack because they lack fundamental security safeguards…
According to Gartner’s 2014 Magic Quadrant for Security Information and Event Management, “more than 92 percent of breaches [are] undetected by the breached organization.”
Are you still feeling invulnerable? No matter how small your organization is, cyber hacking is an equal opportunity threat. As such, cyber security is no longer the province of IT; it is the province of everyone in your organization from the C-suite on down.
Our information security and risk assessment service will help you understand where you have critical risks in your cyber security landscape. If you are feeling uneasy or uncertain about your information security, let us know. We can help.
