
A few strategic steps can ensure that limited IT budgets don’t increase cybersecurity risks.
Mark Lachniet manages CDW’s Solutions Practice for Information Security.
As a security analyst and licensed private investigator, I have often performed computer forensics work in the aftermath of a security breach. The work provides up-close-and-personal views of the many consequences of cybercrime.
Gone are the days when most hackers seek to wreak havoc by defacing a victim’s website or by using it to host pirated video, audio or pornographic content. Make no mistake: Cybercrime today is serious business, conducted by professional thieves with impressive technical resources and expertise. Intellectual property, sensitive financial data and valuable customer records are all at risk, and data breaches result in direct and indirect financial losses for thousands of businesses every day.
One statistic drives home all that small and midsized businesses are up against. As a group, they report far fewer security incidents each year than their enterprise peers, according to Verizon’s “2015 Data Breach Investigations Report”; however, the impact a small business faces following such a breach usually proves far greater, with more than 82 percent of incidents resulting in data losses. By contrast, only about 1 percent of larger enterprises suffer the same fate (see Page 3 of the report for details).
That reality is particularly disconcerting for smaller companies without extensive IT staffs or deep security expertise (and healthy budgets). SMBs can’t afford to — and shouldn’t — settle for second-best security. Here I’ll share four guidelines to help small business owners understand where their greatest vulnerabilities lie, and how to budget more strategically to see the greatest results.
Original Article published – http://www.biztechmagazine.com/article/2016/03/small-business-it-security-save-money-save-face – March 20162016-03 — Small Business IT Security