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Cyber Security Specialist

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For small businesses, average cost of cyber attacks close to $9,000, survey finds

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SC Magazine -

September 20, 2013

A recent study revealed that small business owners are stuck with major costs as a result of cyber attacks.

According to the “2013 Small Business Technology Survey” (PDF), small companies lost around $8,700 on average following these incidents.

Conducted by the National Small Business Association (NSBA), the survey polled 845 small business owners across industries in the U.S. In the study, 44 percent of respondents reported that their business had been struck by a cyber attack, which was defined as being infected by malware, such as spyware or banking trojans.

“Perhaps the most important statistic gleaned from this section [on cyber security] is the fact that nearly half of small businesses report having been the victim of a cyber attack,” the report said. “These attacks result in significant losses of time and services interruptions, and typically cost these firms thousands of dollars.”

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Employees are number-one cyber security threat

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Despite attention-grabbing headlines about cyber-threats from external attackers, company bosses in fact see their own employees as the greatest threat to corporate data and computer systems.

That is the view of 53% of respondents to ‘Boardroom Cyber Watch 2013’, an international survey of senior executive opinion conducted by IT Governance, the global leader in IT governance, risk management and compliance expertise.

The threat from employees was ranked ahead of risks from criminals (27%), state-sponsored cyber-attackers (12%) and competitors (8%) by an international sample of 260 board directors, IT directors and other technology professionals polled by IT Governance in April and May 2013.

The survey confirms the high level of cyber-threat facing today’s organisations, with 25% of bosses saying they have received a ‘concerted attack’ in the past 12 months. However, the true total may be higher, as over 20% are unsure if their organisation has been subject to such an attack.

However, many board directors still appear inadequately informed about cyber-risks. While a majority of respondents say their board receives ‘regular’ reports on the status of their organisation’s IT security, 52% say that such reports are received, at best, annually. Only 5% say reports are submitted daily, with 11% being submitted weekly and 33% monthly.

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Back To Basics

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It is time to get back to basics, and to really detail out your plan of attack. We invite you to read our ‘Back to Basics – How to Protect your Organizational Assets and Confidential Information. It is provided as a guideline only, however if you do have any questions, or would like some additional information please feel free to contact me directly. Getting_Back_to_Basics

Sophos Rolls Out New Unified Threat Management Connected

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Solution offers combined gateway, endpoint, and cloud Web protection

May 13, 2013

BOSTON, MA – May 13, 2013 – Sophos today announced the availability of Sophos UTM Connected, the latest version of its award-winning UTM (unified threat management solution). This release introduces expanded UTM managed endpoint protection with unique Web in Endpoint functionality, broader wireless coverage for large scale wireless deployments and higher performance networking.

As the complexities of securing all networks have grown, so have the struggles for businesses to fully optimize the many point security solutions they have purchased. A UTM is the proven solution to address this problem, however most simply put layers of protection on a single appliance. The introduction of Web in Endpoint functionality lets Sophos UTM go a stage further and make security layers communicate and combine to deliver more effective protection. This approach simplifies user experience and delivers a higher level of overall protection on which customers can rely.

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