The Real Cost of a Data Breach

When planning the annual security budget for your office, many expenses make the list such as security cameras, FOB key entry and a new alarm system, but what about a different type of security threat? We’re talking about your business’s cyber security. Cyber security, like traditional security, is a necessary precaution to take in order to best protect your company, assets, information and staff. If there is no real form of protection or prevention, the costs of a data breach can be insurmountable.   Ponemon Institute recently partnered with IBM and released a study on the true costs of data breaches in the United States. Here are some of the…

Data Breach Threats for SMB

Whether you run a staff of five or 500, a data breach is never in the budget. However, for small and medium-sized businesses, a single data breach and the way it is handled can make or break the company. Check out our tips for SMBs on how to avoid, handle and mitigate a breach.     The State of SMBs and Cyber Security According to a survey by the Ponemon Institute, 50 percent of small and medium-sized businesses surveyed reported a data breach in the last year. In the same survey, just 14 percent of respondents felt confident in their company’s cyber security.   Handling a Breach SMBs and startups…

Ransomware 101

According the the FBI, incidents of ransomware have been on the rise since 2015, and it seems that virtually all sizes and types of businesses are susceptible to this type of cybersecurity threat. Despite this incredibly large looming danger to the integrity and privacy of not just an individual, but a company’s data, 43 percent of users still don’t know what exactly ransomware is. Take a few minutes to educate yourself on business and ransomware, so you can protect your company’s data. https://pixabay.com/en/office-two-people-business-team-1209640/ What is Ransomware? Simply put, ransomware works like a digital version of a real-life ransom situation. A cybercriminal either takes or infects a computer through software and…

MDL Technology Shares the Biggest Cybersecurity Threats for 2016

According to a report in The Statistics Portal, the average cost of cybercrime attacks for companies in the United States in 2015 was 15.42 million. As we move into 2016, it’s important for your company to be ahead of emerging hacker trends in order to keep your company safe from cyber attacks. Derek Manky, the chief security strategist for Fortinet, reveals the top cybersecurity threats that your company should be aware of in 2016, in an article on CNBC. There will be a rise of machine-to-machine attacks, new worms and viruses to avoid, and new ghostware and two-faced malware. Machine-to-machine attacks: With the evolution of the “Internet of Things”, it’s…