Cybercrime Prevention For SMBs: Start With Basics - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Interop
News
5/14/2015
12:00 AM
Sean McGrath
Sean McGrath
Event Updates
Connect Directly
Twitter
RSS
E-Mail
50%
50%

Cybercrime Prevention For SMBs: Start With Basics

Small and medium businesses face big cybercrime challenges on small budgets. Essential practices can help reduce risk.

Ian Trump from LogicNow will discuss the the evolution of cybercriminals and how to stop them during his session From Scareware and Ransomware to Destructionware at Interop London. Join him to learn more about winning the war on cybercrime.

Interop London takes place June 16 - 18 at ExCeL London.

Find out more and register here.

Interop London

Cybercrime has evolved as quickly as the Internet technology it relies on. No longer is this dark phenomenon limited to basement opportunists. These days, the 'cybercriminal' is professional.

From financial crime and corporate espionage to state-sponsored terrorism, the Web enables all manner of malicious activity.

And it costs. The annual global impact of cybercrime could be as high as $575 billion, according to a 2014 report by McAfee.

Enterprises are prime targets of cybercrime. That’s borne out by recent high-profile attacks against companies such as Sony Pictures, Target, JP Morgan Chase, and the health insurance provider Anthem.

Criminals have stolen tens of millions of credit card numbers, Social Security numbers, and checking and savings account information.

Yet executives in small and medium businesses may assume that because they aren’t in the Fortune 1,000, they won’t attract the attention of professional cybercriminals. This is a dangerous mistake.

No organization, regardless of its size, can ignore the stark reality of today’s interconnected world. If you have intellectual property, customer data, or even online resources that can be exploited by attackers to use against other targets, you’re at risk.

In a 2011 report, the British government warned: "The most seriously affected businesses are from sectors not traditionally viewed as targets of cyberattacks. And, although the Government continues to focus on protecting the Critical National Infrastructure, companies in IP-rich industries are at a particular risk from cyber crime."

For small and medium enterprises struggling with security, Ian Trump, Security Lead for LogicNow has this advice:

"Security is about People, Process and Technology. Educate your employees about cyber security risks, develop and implement processes to thwart the bad guys."

"Lastly, businesses can take solace in this statistic from James Lewis of CSIS: ‘75% of attacks use publicly known vulnerabilities in commercial software that could be prevented by regular patching’. If you want a quick win for SMEs, start with patching all your things."

It's no longer acceptable for businesses to play the victim when cybercrime strikes. Partners, shareholders and, above all, the public expect so much more. Those who fail to realize this risk more than just financial loss.

Interop London logo (small)To hear from Ian Trump as he explore the threat landscape and mitigation of cybercrime, please join us at Interop London this June. Find out more here.

Sean McGrath is a freelance IT writer, researcher, and journalist. He has written for PC Pro, the BBC, and TechWeekEurope, and has produced content for a range of private organizations. Although he holds a first class degree in investigative journalism, his dreams of being a ... View Full Bio

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Enterprise Guide to Digital Transformation
Cathleen Gagne, Managing Editor, InformationWeek,  8/13/2019
Slideshows
IT Careers: How to Get a Job as a Site Reliability Engineer
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/31/2019
Commentary
AI Ethics Guidelines Every CIO Should Read
Guest Commentary, Guest Commentary,  8/7/2019
Register for InformationWeek Newsletters
Video
Current Issue
Data Science and AI in the Fast Lane
This IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll