A word of caution to all Connecticut small businesses—you WILL be hacked. It’s not a question of if but rather a question of when. Cybercriminals are tenacious, and they attack companies of all sizes looking for data they can convert into cash, or systems they can use to launch an attack on someone else and hide their tracks, and small to medium-sized businesses (SMBs) tend to be easy targets.
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Businesses, healthcare facilities, government agencies, and even Connecticut municipalities are targets for cybercriminals. It doesn’t even matter how secure your data are; hackers will want to break into your systems anyway, even if it’s just to steal server access to launch an attack against someone else.
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Mobile computing is now an integral part of business and that’s not going to change. The ability to access email and business documents anywhere at any time is giving businesses a sharper competitive edge. At the same time, supporting a mobile workforce gives rise to added security risks. Handheld devices are not inherently secure, and enabling remote access to business intellectual property could put that IP at risk, especially if it’s retrieved over an unsecure wireless network. Companies have to weigh the benefits against the risks of provisioning a mobile workforce.
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When a new mobile app goes viral you have a goldmine. Consider Pokemon Go. Nintendo more than doubled its stock price in a few weeks thanks to the popularity of the new game that superimposes Pokemon virtual reality on gamers’ reality. However, with new apps such as Pokemon Go there are unanticipated security risks as well.
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Cybersecurity is complex and the risks from a security breach are underrated. Cyber criminals are at work around the clock, finding new ways to break into corporate networks to steal personal data, financial data, and intellectual property. As a result, CIOs are continually balancing the risks versus the returns of their cybersecurity investment. It seems impossible to stave off all types of security threats, so how much protection do they really want to pay for? It’s like buying insurance; how much coverage is enough and can you have too much?
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