Blog

Jul

15

Fraud costs businesses millions of dollars

How much would fraud cost your business?

Fraud can often be associated with large companies. It usually involves thousands of employees and teams dedicated to security.

Fraud is an ever-increasing threat for companies of all sizes; small and midsized businesses being particularly at risk.

Why?

A lot of companies don't provide equal resources, protection measures or formal training to their workers as large corporations do.

Identity fraud refers to someone impersonating someone they trust (like your staff member, supplier or customer) with the intention of stealing money, accessing sensitive data or breaching systems.

As soon as a user submits login credentials for use by cybercriminals to gain e...

13

Companies are taking too long to address vulnerabilities.

Systems, Vulnerability, Cybercriminals

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Imagine watching the news, and learning that criminals have targeted houses in your neighborhood.

Are You Willing to Leave the Front Door Unlocked at Night?

My initial reaction may surprise you, yet this is exactly what businesses do when they delay fixing vulnerabilities in their system. Unfortunately, this occurs frequently: over two-thirds (or more) of businesses take more than 24 hours before taking steps to address security concerns.

This statistic is alarming; as longer vulnerabilities remain exposed, the greater their vulnerability becomes for cyber attacks, data breaches, and major disruptions.