business

23% Organizations faced a Security Breach in 2013

November 8th, 2013

Modern technology has its positive as well as negative effect on individuals and businesses. On a positive side, it is designed to make life easier for individuals and businesses alike and the multiple ways in which it benefits all aspects of business are undeniable. But it also presents firms with challenges and data protection is one of the most serious ones.

A survey was conducted among 3,200 business executives and IT leaders from 16 countries, including the UK. According to this survey, data breaches are the most expensive IT problem that organizations can face. The poll, carried out by data management company EMC, found that on average organisations lose more than $860,000 (£530,000) per year as a result of data breaches. By comparison, any other IT problem that may occur in companies’ day-to-day business costs several hundred thousand less, EMC stated.

In today’s time, no organization is free from the risk of a Data loss incident. The survey showed that 29% of respondents reported experiencing data loss and 23% said they had faced a security breach. The most commonly listed consequences for businesses following these incidents included loss of employee productivity, cited by almost half of those polled, and loss of revenue, mentioned by 39%. In addition, one in three experienced loss of customer confidence or loyalty, while more than one in four reported loss of incremental business opportunity.

The poll conducted by EMC revealed that just 27% of all organizations reported that, in the event of incidents, data could be recovered within minutes or less. This highlights the fact that many organizations are unprepared to deal with data breaches.

Alertsec strengthens security

Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption by using industry leading Check Point Full Disk Encryption (former Pointsec) software.

Organizations, especially corporate giants, have to have an information security policy in place that proves they have taken necessary steps and measures to safeguard the information they gathered. If these policies are not adhered to, the regulators may prosecute.

Alertsec Xpress is used by organizations that have recognized the need to protect their information. Customers range from single-user sole traders and consultants to multinational companies with a large number of offices around the globe. Over 4 million users worldwide use Alertsec Xpress’s Check Point Full Disk Encryption.

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Data breach incidents remain undisclosed by Companies

November 3rd, 2013

According to enterprise malware analysts, half of the data breach incidents suffered by U.S. companies go undisclosed.

As per a new survey, 57 percent of malware analysts working on enterprise-related data breaches have addressed security problems that U.S. firms failed to disclose. In order to save reputations or avoid difficult questions by customers and investors, it may be that data breaches are more widespread than first believed, and businesses are far behind in the fight against cyberattackers.

Attempts of attack on security and cyberattacks have become major problems for companies all over the world. If successfully breached, a company network could become an open treasure for hackers, potentially full of customer details including telephone numbers, addresses and card details, sensitive corporate data, or information which impacts national infrastructure security. LivingSocial, Evernote and the Federal Reserve are a among those to be victims of high-profile breaches  taken place this year.

In 2013, Verizon’s Data Breach Investigations Report found that 621 data breaches were confirmed in the year 2012. However when compaired to ThreatTrack’s data which says 66 percent of malware analysts working with 500+ employee enterprises have dealt with undisclosed security problems, the confirmed 621 attack number may somehow be underreported.

“While it is discouraging that so many malware analysts are aware of data breaches that enterprises have not disclosed, it is no surprise that the breaches are occurring. Every day, malware becomes more sophisticated, and U.S. enterprises are constantly targeted for cyber espionage campaigns from overseas competitors and foreign governments. This study reveals that malware analysts are acutely aware of the threats they face, and while many of them report progress in their ability to combat cyber-attacks, they also point out deficiencies in resources and tools.” said ThreatTrack CEO Julian Waits.

To no surprise, 40 percent of respondents said that skilled help is in short supply, this is one of the most difficult aspects of their roles. In an interesting twist, many of the malware analysts said the majority of their time was taken up, thanks to the Internet habits of executives who through browsing pornography sites, clicking on phishing emails and installing malicious apps allow malware to infiltrate networks.

Alertsec strengthens security

Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption by using industry leading Check Point Full Disk Encryption (former Pointsec) software.

Organizations, especially corporate giants, have to have an information security policy in place that proves they have taken necessary steps and measures to safeguard the information they gathered. If these policies are not adhered to, the regulators may prosecute.

Alertsec Xpress is used by organizations that have recognized the need to protect their information. Customers range from single-user sole traders and consultants to multinational companies with a large number of offices around the globe. Over 4 million users worldwide use Alertsec Xpress’s Check Point Full Disk Encryption.

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Legal disputes over data theft rising

August 6th, 2013

The number of High Court legal disputes over the data theft from businesses has reached a record high, as the popularity of cloud storage services making it easier for confidential data to be stolen.

According to commercial law firm EMW, last year there was a growth by 58 percent of legal disputes taken to the High Court, with 167 cases during 2012, up from 45 in 2010 and 106 in 2011.

The majority of these cases are civil claims against former employees launched by businesses, with the aim of preventing them from taking confidential data from company database.

Popularity of cloud storage systems such as DropBox has made it easier for employees to steal information outside the business. This is one of the reasons for the increase in businesses taking action against employees, said Mark Finn, principal at EMW.

Finn said “The boom in cloud computing and the widespread use of services like Dropbox have made copying a large database something that can be accomplished by virtually anyone in seconds”.

Finn added that many of the cases which have appeared in court have concerned financial services firms, estate agents and recruitment businesses which have had databases of contacts taken over to rival firms by their employees. This has become more of a problem as the tough economic climate of the past years has meant that more staff has been moving from one company to another.

“Employment contracts are generally very clear on this issue – all know-how, databases and other forms of intellectual property developed by staff during their work time is the property of the employer. Occasionally, disgruntled staff may misguidedly feel they have a ‘moral right’ to take data they have developed. This simply is not the case” he said.

“As the economy improves and businesses increasingly see employees leave to join rivals, they will have no choice but to undertake potentially lengthy and costly legal action to protect their interests”.

Get your personal as well as office laptops encrypted by Alertsec

Unencrypted laptops present a major risk of data loss. 80% of information theft is due to lost or stolen laptops and other equipment. About 50% of network intrusions are performed with credentials gathered from lost or stolen devices. The penalties for a data breach are severe not only in terms of the monetary fines imposed on the organization, but also the potential loss of trust from customers and suppliers. Encryption software greatly enhances the security of your organization’s data as the information is not compromised if a laptop is lost or stolen.

Alertsec Xpress is the full disk encryption service that delivers a mobile data protection system for all information stored on laptops used throughout your organization.

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Data Breach: Corporate security at risk

July 8th, 2013

Seems like the Business owners are not much concerned about their data security, they are not making any special efforts to defend systems against hackers. According to a San Diego State MIS professor, five men stealing data from corporate database over a period of seven years were charged by the Justice Department recently.

More than 160 million card numbers had been stolen and hundreds of millions of dollars were inflicted as financial harm to more than a dozen major companies.  No audit of said costs or detailed breakdown was provided. The alleged criminal enterprise was characterized as the largest of its kind to be prosecuted in the United States, by the Justice Department.

To obtain the login credentials and credit card numbers, a variety of hacking techniques were used by the accused, including SQL injection attacks to place malware on networks. To capture credit card transaction data from payment networks they even used network sniffer programs.

U.S. attorney Paul J. Fishman of the District of New Jersey said in a statement. “Those who have the expertise and the inclination to break into our computer networks threaten our economic well-being, our privacy and our national security. And this case shows, there is a real practical cost because these types of frauds increase the costs of doing business for every American consumer, every day. We cannot be too vigilant and we cannot be too careful.”

Murray Jennex, professor at San Diego State University MIS said despite recent improvements in dealing with SQL injection attacks and other hacking techniques, made after the defendants were engaged in their alleged conspiracy, many companies are still susceptible because they don’t test their systems adequately and they don’t spend enough money on security.”

“We’ve had economic issues so people haven’t put as much money into security as they should,” Jennex said in a phone interview. He further explained that Computer security does not generate revenue at all, so it is not considered as a priority and risk assessment is only as good as the people who conduct them.

Alertsec strengthens security

Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption by using industry leading Check Point Full Disk Encryption (former Pointsec) software.

Organizations, especially corporate giants, have to have an information security policy in place that proves they have taken necessary steps and measures to safeguard the information they gathered. If these policies are not adhered to, the regulators may prosecute.

Alertsec Xpress is used by organizations that have recognized the need to protect their information. Customers range from single-user sole traders and consultants to multinational companies with a large number of offices around the globe. Over 4 million users worldwide use Alertsec Xpress’s Check Point Full Disk Encryption.

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Why identity theft is critical.

March 4th, 2013

A UK-based Fraud Prevention Service, Cifas made it apparent that the deceptive use of stolen or fictitious identity details is the biggest of all fraud threats. In a Fraud trend review revealed in 2012, it has been acknowledged that 50% of all fraud cases during the year relate to the use of completely false identities or impersonation of an innocent victim. Account takeover fraud, a kind where a fraudster get advantage of account access and commands an active running account through data theft with the help of data security details rocketed by 53% more as compared with the earlier records to 38,428 incidents. Personal information of a user are stolen with the help of computer hacking and social engineering techniques through popular websites and various other methods. Fraudulent acts, where the criminal requires identity informations accounts for about 65% of all the committed frauds in 2012. The total number of people affected by this identity fraud was up by 24% from the levels in 2011. Cifas, Head of communications Kate Beddington-Brown said, “These increases serve as a warning and a challenge to organisations and consumers equally.”

Despite the heavy investments made by various organisations in data security to ensure additional steps must be taken to validate user’s identity, the crimes relating to identity have continued rising, demonstrates that more must be done, she said. “For individuals, it is obvious that fraud relating to personal data is an immense criminal trade so, fundamentally, we all have to do all we can to ensure that we also protect ourselves from becoming a victim, as well as demanding that the organisations we deal with take their security responsibilities seriously,” said Beddington-Brown.

Cifas chief executive Peter Hurst said fraud prevention remains better than cure. He also said, “It is time for all organisations and consumers to start reviewing their approaches to preventing fraud rather than just dealing with its effects.” “Investment in proper fraud prevention systems and approaches, from online security to data sharing, and education are the cornerstones of such an approach. Without them, the only thing that is guaranteed is an ever increasing fraud losses to organisations and society at large, he said.

Hackers! Beware of Alertsec

By using industry leading Check Point Full Disk Encryption (former Pointsec) software, Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption.

Alertsec’s mission is to continuously improve our products and services in order to deliver the easiest and most cost-effective managed encryption service on the marketThe only way to protect information stored on a PC or laptop is by using encryption. Alertsec Xpress offers full disk encryption and is therefore superior to other encryption methods when comparing security, performance, robustness and ease-of-use for both administrators and users.

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