Security Risk Management For Enhanced Cybersecurity In SMBs

Risk is inherent to all businesses, whether large or small. Unfortunately, there seems to be a greater focus on high-impact criminal activities within large corporations. Since the media focus on large businesses, it is easy to think that your small business is not at risk. However, small to medium-sized businesses (SMBs) are at a higher risk since they do not have the resources to handle data breaches. More importantly, 60% of SMBs go out of business after a cybersecurity breach.

Risk management tips

The 2018 Verizon Data Breach Investigations Report found that 58% of cyberattacks target small to medium-sized enterprises. Ultimately, SMEs or SMBs are more accessible for penetration than large corporations.…

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Don’t Let the Facebook Phishing Lawsuit Offer False Sense of Security

Every Internet user must be aware of the dangers of phishing attacks. These types of scams are escalating.

Phishing

Facebook has recently taken action to help combat the growing problem of phishing. They filed a $2 million lawsuit against a number of fraudulent websites, as well as some domain hosts that gave them the opportunity to exploit their victims.

The lawsuit alleges that the domain hosts were either intentionally or unintentionally complicit in the scams. They are suing for a trademark infringement, because some of the fraudulent domains used terms including the word “Facebook.” These websites claimed to part of the Facebook brand and were asking users to update or download Facebook apps in an attempt to steal their information.…

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Mirai: Now with TOR

Botnets, a collection of Internet-connected devices compromised by malware and under the control of a botnet “herder”, pose a significant threat to the cybersecurity of both the owners of the devices and the rest of the Internet at large.

Mirai botnet MUD

photo credit: Obsydistone / Wikia

The security impacts of botnets for the Internet arise from the fact that they are designed to be used to amplify the botnet herder’s ability to perform large-scale cyberattacks. A common example of this is a Distributed Denial of Service (DDoS) attack, where many devices work together to overwhelm and take down an organization’s website. As botnets grow larger and easier to create, organizations increasingly need to deploy robust DDoS protection solutions to help protect their Internet presence.…

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4 Ways to Effectively Address the Cyber Skills Education Gap

America has more than 30 million small businesses with fewer than 500 employees apiece. These companies pay almost half the wages in the country and are huge engines for job creation. For too many of them, however, cybersecurity isn’t a pressing priority.

Businesswoman learning about cybersecurity

We learned this in the Q1 AppRiver Cyberthreat Index for Business, which surveyed more than 1,000 small to midsize businesses. The results reveal that 58% of respondents consider the importance of cybersecurity to be “high” or “very high.” Another 78% say that cyberthreats are on their mind some of the time. These are positive signs, but they’re not the most revealing takeaways.…

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Smart Doesn’t Equal Secure: The Orvibo Leak and Security in IoT Devices

By 2025, the amount of IoT devices is expected to expand to a whopping 21.5 billion. 21.5 billion devices that are constantly connected to the Internet while containing information that you may deem personal. It’s scary, but kind of cool. My fridge can know my name! Completely useless but awesome at the same time!

Orvibo AllOne

photo credit: YouTube

 

However, the carrying of your personal information should ring some alarms in your head. How much do you actually know when it comes to how your Alexa or smart toaster works? Do you know what information it’s collecting? How it’s collecting the information?…

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4 Cybersecurity Due Diligence Questionnaire Tips

Process and operations within many financial firms are becoming more reliant on digital solutions. As technology continues to evolve, it’s essential to realize that the potential for efficiency gains and improvements are becoming larger. However, more powerful technology also paves the way for more sophisticated ways for hackers to get access to sensitive company information.

Cybersecurity DDQ

One way to both measure potential opportunities and cybersecurity risks lies with a process called the due diligence questionnaire (DDQ). At the core, due diligence questionnaires can be powerful tools to dive deep into nitty gritty processes within a firm so that any potential attack vectors, inefficiencies, or vulnerabilities can be exposed.…

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How to Keep Your Business Safe From Cyberthreats

If you think your company is too small to be vulnerable to cybercrime, think again. It’s not just big companies like Target and Experian that face cyberthreats to information security and assets. Companies of all sizes are vulnerable. But, unlike Target and Experian, your small business likely doesn’t have the resources to recover from a data breach or other cybercrime. Sixty percent of small businesses that suffer a cyberattack are forced to close their doors within six months as a result.

Cyberthreat

That’s why adopting various risk mitigation tactics is so important in safeguarding your business from cyberthreats. By following a few simple steps, you can drastically reduce your chances of being targeted by cybercriminals.…

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How Agio helps Hedge Funds Improve Cybersecurity based on DDQ

For every hedge fund, Due Diligence questionnaires are an essential part of day-to-day management of the company. You will need these questionnaires to know the kinds of questions that your customers are asking. In addition to that, a DDQ can be the perfect marketing tool if you know how to use it well. However, one of the things that threaten the effective use of a DDQ is cybersecurity.

Securing hedge funds DDQ

The possibility of losing your information while handling these questionnaires is always reality. In addition to that, there are third parties that could use that information to harm your organization. To avoid these risks, Agio has one of the best solutions.…

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Backing Up Your Business: How to Keep Your Important Information Safe

The last 12 months have been another huge reminder that data security and information safety is imperative to business. As you will no doubt have seen in the news many times over the last few months, even the biggest businesses in the world aren’t safe from either security breaches or the significant financial cost of not reacting to them.

Business data backup and security

As technology progresses, cybercriminals become increasingly adept at finding ways around the system. Here are several ways to make sure you don’t suffer a security breach in 2019.

Be vigilant – you will always be a target

Unfortunately, it’s not just the large businesses with the ability to pay enormous fines that are targeted, either.…

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Moving with the Times: 6 Reasons Why You Should Digitalize Your Business Model

You can’t sit down and assume that your business is going to grow like wildfire if you haven’t adopted a digital business model. To be frank with you, it is a waste of time to continue hoping that your business will grow some day without a digital business model.

Digital business model

If you have been listening to what’s going on in the world recently, you’ve already heard about digital marketing, digital landscape, and digital workforce. But have you thought why those phrases have the most searches online?

Below are 6 reasons why you should digitalize your business model:

1. Mobile is Ubiquitous

The number of people using mobile phones across the world has grown and is likely to increase in the future.…

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