Historically, small businesses thought about security in terms of physical property. To protect the items inside the store or office, business owners purchased locks, installed alarm systems, and sometimes hired security guards. Today, however, property crimes are continuing their 25-year decline, meaning the chances of a break-in at your business are about half what they were in 1993. Cybercrimes, however, are the new playground for criminals.
More than 65 percent of senior decision-makers at small businesses still believe that they’re unlikely to be targeted by cybercriminals. About 60 percent of those businesses have no defense plan in place and an estimated 14 percent are insufficiently prepared to respond if an attack does occur.
Common sense is not always common practice, especially with cybersecurity. Most of the breaches we see today are not because some super cool artificial intelligence firewall failed.
Organizational leaders must understand that comprehensive, risk-based decisions are vital to balancing the force multiplying effects of information systems with the risk of those systems being inherently vulnerable to exploitation. If you want to prevent or reduce the likelihood of an attack, you have to risk management strategy: how your organization will frame, assess, respond to and monitor risk over time.
The number of healthcare cybersecurity breaches is on the rise with tens of millions affected in larger breaches, but hackers may target even regional insurers, smaller healthcare facilities, pharmacies, and individual physician’s offices. These breaches put medical facilities, insurers, and practitioners in the hot seat because they are liable for the security of the information they gather.
We look at five of the worst cybersecurity breaches of all time. There are many ways to rank the largest cybersecurity breaches. We chose to highlight those that affected the most records, triggered the highest dollar impact, was repeated, was an inside job, and the most egregious.
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