News

Hackers threaten SME businesses

News >> Risk Management

SMEs need to invest more heavily in security to protect themselves against a growing incidence of website hacking, according to a software security expert.

Craig Scroggie, the MD of Symantec, says the growth of social media and the use of mobile devices is exposing businesses to more risks.

Speaking last week at the Victorian Managed Insurance Authority Risk Conference, he said politically motivated hacking of websites – sometimes referred to as “hacktivism” – is one of the biggest threats businesses face today.

He says all businesses, but especially SMEs, need to start thinking seriously about protecting themselves against online attacks.

“Implementing data loss prevention is far better than waiting for it to happen,” he said. “A lot of companies I have spoken to know that it can happen but don’t think it’s a significant risk.”

Warning that the attack on the Sony PlayStation network earlier this year which affected 1.5 million Australians is “only the beginning”, he says Anonymous, the hacktivists responsible, believe companies like Facebook and Google are collecting information to use it against people.

The organisation is also threatening to “kill” Facebook on November 5. Mr Scroggie says it destroyed a Melbourne-based company, Distribute.IT, in June.

Distribute.IT, which hosted more than 4800 company websites and email addresses, was destroyed by Anonymous when it hacked into the organisation’s server and deleted all its files and back-up information.

“They had security but it was not good enough,” Mr Scroggie said. “They did that to prove a point that companies are not taking security and risk management seriously enough.

Mr Scroggie says Anonymous hackers have also attacked 70 law enforcement agencies in the past 12 months, including the CIA and Britain’s Serious Organised Crime Agency.

“Big companies seem to understand the risk, but it’s the smaller companies that I am concerned about.” 

This article provided by Terry McMullen at InsuranceNews.com.au 

Read this example given about the Sony Play Station Hacking

 

But do not forget, CPR Insurance offers cover for these Cyber Risks with a special insurance policy. Click here for more details.

Cyber Risk Insurance

Last changed: Sep 21 2011 at 7:13 PM

Comments

  1. None Found

Add Comment

Latest News

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

read more

CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

read more