Tuesday 24 September 2013
Small and medium-sized businesses can be affected by hacker attacks in a number of ways, it has been claimed.
Writing for Forbes, Eric Basu explained that there are a number of potential damaging implications for companies failing to safeguard their IT systems and data.
He said the ways in which businesses can be hit include the theft of personally identifiable information and credit card details, theft of funds from bank accounts and the shutdown of critical information systems.
Other potential dangers include denial of service attacks preventing access to websites and/or ecommerce sites, loss of crucial intellectual property to a competitor and fines from an industry regulator in relation to any or all of the above.
"The reality is that theft of digital information far exceeds the loss from physical theft," Mr Busy told the news provider.
"If you think it’s important to put a lock on your door at night to keep your inventory safe, you should consider locking up your digital assets the same way."
According to government figures, 93 per cent of large corporations and 87 per cent of small businesses reported a cyber breach in the past year.
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Posted by Alex Boardman