Cybercrime is no longer just a problem for online or big business. The threat is real and imminent for all businesses that collect or use data and operate in the connected world.
Hackers are moving away from larger organisations to focus on small to medium enterprises (SMEs), which represent an easy target – often described as “low-hanging fruit” – compared to larger entities protected by complex security7 measures.
In January 2016, 38.6 per cent of all detected phishing attacks (where an email appears to be from a known individual or business, but is actually from a criminal hacker wanting to steal personal data) targeted organisations with fewer than 250 employees, according to the latest Symantec Monthly Threat Report.
The most targeted sectors were identified as “finance, insurance and real estate”.
Cyber-exposure is set to increase as technology becomes more integrated with the internet.
Over time, more electronic systems – from those in cars to building infrastructure – will be networked. This will grow the number of data pathways, giving more opportunities for cybercrime in unexpected places.
Some common forms of cybercrime include:
Detection and security go hand-in-hand when dealing with the threat of cybercrime. There isn’t a one-size-fits-all solution, but basic risk management includes:
Source: InPractice May 2016
Please Note: Many of the comments in this article are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.
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