Cyber risk Insurance can help prepare you for the worst.
Computer hackers broke into the network Startfor in December of 2011. Strartfor provides global intelligence services to businesses. The hackers stole information related to over 85,000 credit card accounts. About 5 million email messages were also stolen and eventually ended up on Wikileaks.
The founder was very upfront with the details in a video message to the company’s clients. He and apologized that the credit card files were not encrypted and it was a failure on their part.
The apology wasn’t enough and Stratfor was hit with a class-action suit from its customer for more than $50 million in damages.
This demonstrates the fact that if your company is hacked or you fail to protect privacy data and you should not expect sympathy from your customers. You should brace for a lawsuit.
The way you can prepare is by purchasing cyber risk insurance. Cyber risk Insurance has been around since the 90’s and it has finally started to mainstream. It is offered by companies such as the Hartford Financial Services Group and Travelers. The insurance protects you from the risk of the fallout that results from the disclosure of confidential information such as Social Security numbers or bank account information.
The cost is high when dealing with a security breach and have helped with the demand for cyber risk insurance. The average cost of dealing with a single security breach was $3.7 million, according to a 2012 study performed by NeDiligence, a cyber-management risk firm. The largest cost is legal fees which average around $582,000 per incident.
If you think only large businesses are targeted you are mistaken. Nearly 40 percent of all targeted cyber-attacks take aim at business fewer than 250 according to a June 2012 study conducted by cyber security firm Symantec.
It pays to purchase coverage. You can expect to pay about $150 dollars annually for about $25,000 worth of coverage. For policies over 1 million dollars, the annual premium can be in the thousands of dollars.
Do Not Use WIFI in Public Places to Access Banking Sites
Why? It is very easy for someone to steal your passwords and information. How? With wireless it is very easy for someone to become a man in the middle. They are basically sitting between you and the internet and can use what is called a sniffer to grab your data. If you need to access secure sites, purchase a Verizon Air Card or hotspot and use your own WIFI. You will be better protected and your bank accounts will not be drained.
I purchased this a while ago and I have an older model of this hard drive. I really like it. It has the ability to give your iPad more storage by wireless. You can connect it to your WIFI network and it becomes a wireless hard drive. The model I have you had to connect to as it had a built-in wireless router. The newer model has the ability to join a WIFI network. If you have a large amount of data you want to store or share with your iPad, this is the way to do it.
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DATE: June 5th, 2013
TIME: 9:00 am
LOCATION: 200 S. Executive Drive, Suite 101, Brookfield Wisconsin
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Is Your Wireless Network Prepared For The Mobile Device Revolution?
First and foremost most of the older access points do not handle more than 15 devices before people start to have connection issues, they are just not made for that much density. If you have a first generation WIFI network, you more than likely also do not have enough access points for great coverage or density. Devices such as iPads and Android tablets just don’t have as strong a radio as laptops do, so you need more access points for better coverage. Some devices such as Windows Ultra books are not shipping with an Ethernet port, so the only way to connect (without a USB Ethernet Jack) is with WIFI.
If you have 30 iPads in a location, will your wireless network handle that? I have been helping schools with Bring Your Own Device (BYOD) and a laptop for every kid in the classroom and most legacy WIFI networks struggle. If 30 devices connect at once and start to stream, some start to fail. Most of the new WIFI gear is shipping with something called Air-Time Fairness. Air-Time fairness ensures that each device has the ability to talk on the wireless network.
The Wireless Device Revolution is here and is picking up force. I have helped design numerous WIFI networks with the ability to handle multiple devices. If you need help or have questions, feel free to give me a call.
Final Thoughts – Patch Management
This is a boring topic, but I thought since summer is almost upon us and we are more than likely doing some summer repairs, this would be a good topic.
If you are not already doing it, you need to be patching your machines monthly. Microsoft releases patches every Tuesday and it is a very good idea to patch after that. Microsoft is helping to protect you against the latest vulnerabilities that exist and help fix bugs in the product.
You should also add Java and Adobe updates to that list. Both Java and Adobe updates are important as they have been vulnerable as of late. If you own WSUS you have the ability to push Java and Adobe updates with WSUS.
The other items that should be patched on a yearly basis are things such as Firewall’s, networks switches and routers. These devices also need to be patched and it is a good idea to do this on an annual basis.
Finally, third party software such as ERP, accounting and other line of business applications need to also be updated. These also have bugs in them and it is a good idea to patch.
It is always easier to keep up on maintenance rather than wait, as the longer you do, the more difficult it will become to keep up.