The healthcare industry is a minefield of confidential and sensitive data. Personally identifiable information such as phone numbers, home addresses, medical history, and financial records make healthcare providers an ideal target for cybercriminals because those types of data have “street” value when sold over the dark web.
According to the recent Cyber Readiness Report by Hiscox, only 11% of US companies have attained an expert level of preparedness for data breaches and other threats. There remains a staggering level of apathy about cybersecurity, with most firms being woefully unprepared for the next big threat.
Technology has shaped the way people use language, and the internet has given us a multitude of buzzwords like blockchain, bitcoin, and the Internet of Things (IoT). These ambiguous words will leave a non-IT person grappling for meaning. For instance, in information technology, the cloud is not a lump of condensed liquid in the air.
Theft is sometimes triggered by poor prevention methods or worse, negligence. It’s no wonder why unintentionally exposed data makes an organization vulnerable to cyberattacks. Most cybercrimes are the result of criminals exploiting a system’s vulnerabilities, including human error, and the number of victims continues to rise.
The onslaught of anti-money laundering campaigns in the US forced nefarious cybercriminals to target the healthcare industry. Since stolen personal data is harder to trace than laundered money, fraudsters are opting to steal your information and sell them on the dark web where the demand and value are higher than typical stolen goods.
The fast evolution of digital technology has set small- and medium-businesses (SMBs) on equal footing with large enterprises in terms of deriving revenues, operational efficiency, client relations, and penetrating global markets. However, these advantages do come at a price.
Besides email and instant messaging, voice over internet protocol (VoIP) has become the standard for communications in the business world. It’s not merely a new alternative to the traditional telephone system. It increases efficiency and productivity in ways that the telephone cannot, but above all else, VoIP is cost-effective.
Law firms operate in a sector where trust is everything, and client privacy is at the forefront of brand defense. It shouldn’t be hard to understand the fact that many customers would never do business with a law firm again if they heard it had suffered a data breach.
Business operations have largely become data-driven. Today, a firm has to prepare for disruptive events such as ransomware, outages, and natural disasters or risk losing valuable business data or worse. A disaster recovery plan (DRP) is a proactive strategy to protect data when disaster strikes, but it’s not a one-size-fits-all solution.
Backups are meant to protect your company’s crown jewels, also known as your business’ most critical and sensitive data. Cloud backups are touted as the most secure data storage since magnetic tape. Even the hacking of Apple's cloud storage was not attributed to any weaknesses of cloud security but to Apple's own faulty password system.