Benefits Of Effective Protection Measures For Small Business

Although security breaches in big corporations often make the news, security breaches in small businesses are also a very common occurrence. The common misconception among small businesses is that their businesses are too small to attract security breaches and do not employ strong security. Other small businesses take their chances with a single layer of security like a firewall. These are very dangerous misconceptions because there have been attacks on small businesses in the past and continue to do so in the future. This is because small businesses handle large amounts of personally identifiable data if stolen could have a long lasting and damaging impact. Cyber crime today uses many methods to steal information. Since most communication

Security in the age of internet has become a tremendously important issue to provide comfort not only for paranoid people but for many others who are naïve to believe that protection in digital era is essential to communication between millions of people that increasingly used as a tool for commerce.

Cybersecurity is an ever growing concern in the United States. It not only effects consumers, it effects the business industry as well. The small business sector is especially impacted by not only those who hack into their business accounts, they are also impacted by the institutions where they bank.

Without proper cyber management implementation & prevention techniques, no corporate data is immune from cyber bandits. It is a known fact there are an increasing occurrence of data breaches within major corporations. There is a continuous dilemma on the protection of consumer data especially with major headlines with consumer data. Not only are there several media reports on consumer data but also on personal data in the cloud.

In the global marketplace, to attract the customers and provide relevant information to the customers, internet is used by most of firms as a promotional tool. In this, web-sites, social networking sites, etc. are used by the firms to communicate with the customers. Although, many security tools and techniques are used by the firms to secure the data of firm and customers, yet, some security breaches are also faced by the firms due to technical advancement. For this paper, Sony Corp. is selected that has faced security breach. Sony Corporation is a

Cyber security/vulnerability and immigration are some of the aspects that have raised concern in the recent past and significantly affect the ability of organizations in meeting their set objectives and goals. The current global setting has made our global economy highly sensitive to information as any form of security failing that may result in a long-term expense to the business. The situation will negatively affect consumer trust as well as spoil the overall reputation of the organizational brand. Some of the aspects influenced by the cyber threat and immigration challenges include management of sensitive consumer information and the use of corporate intellectual property among other critical issues. Therefore, a business organization that invests in information technology as an approach to curb insecurity enables organizations to be in a position to manage the challenge (Merchant & Van der Stede, 2012).

A business trend has been changing and adapting new technology to enhance the success of business as a result of which public information are always at high risk. According to the NIST video, there are some 26 million small businesses which are prone to the dangers of cyber crime. The private personal information (PPI) such as electronic commerce, social security number, account number, User Ids, Payroll, Internet Transactions, passport number, employee databases home address, credit card, etc. are at risk due to digitization. The information security should meet many purposes such as protecting people information, unauthorized access, disclosure, and any kind of modification. Moreover, information security also provides the company consensus baseline stance on security; help minimize risk; and help track compliance with regulations and legislation (Diver, 2006). According to

Every company needs some sort of security protection for their information system. According to Sam Musa, “The goal of information security is to ensure confidentiality, integrity and availability of the data.” Data breaches happen all the time and companies set up security systems to protect their data. There are three important factors needed to have a successful security system. The first, protecting and defending data through a cyber-security system. Second, operating and maintaining the systems set up to protect and defend data. Lastly, the investigation of data breaches and crimes that happen around the world will help adapt and improve security systems made to protect your data. The effects a cybercrime can incur are very costly and the steps needed to recover are discussed later. Cyber security is extremely important to Management Information Systems (MIS) because if you do not have security for your systems all your data could be stolen, lost, or worse shown to the public. In working in MIS, company data is all around you and it is your job to keep that data safe.

There are many goals of Information Security, Information Security needs to protect home users personal data as well as corporate and web environments. Information security is needed now more than ever as there has been a substantial rise in cyber attacks; cyber attacks in 1994 were a mere 2,340 and by 2001 had risen to 52,658. (Volonino, Linda, Stephen R. Robinson, and Charles P. Volonino)

Today business is moving faster than it ever has before. With the Internet and e-commerce, even brick and mortar businesses are now open twenty-four hours a day and seven days a week. However, there are security threats that linger with this new age of business that need to be mitigated. According to a survey by the National Cyber Security Alliance (NCSA) and Symantec, a company that offers security solutions, seventy-seven percent of small businesses believe that they will not fall victim to security issues (Symantec, 2012). Even more alarming is that the survey found that eighty-three percent of these businesses did not have any form of security plan.

One of the greatest problems that we experience in our daily lives that has been brought upon us by Information Technology (IT) are security problems, these include but are not limited to weak passwords, the same password for everything, viruses, and lost PDA’s. These problems are dangerous and put the business in a state of vulnerability where they are more liable to be hacked.

A growing program problem in our technologically advanced society is the increase in security related issues for small to medium industries (infosec reading room, n.d.).The digital age has also appeared with a variation of benefits to organization such as Just Love and individuals. Information technologies are becoming more broadly used every day. As networks and computer systems become more pervasive, security threats and risks continue to grow more rapidly, therefore transferring data from paper and pen environments to computer systems does not always happen. Increasing complication and sophistication of the ever-growing information technologies has prompted unique and unparalleled challenges for organizations such as mine to protect their information assets. The Internet is such a marvel that an organization today cannot operate without it, but on the other hand too, living with the Internet also opens the organization to threats like viruses, hackers and internet fraud

The evolution of Information Technology is inevitable, not only on the telecommunication and networking industry, but, it is also gaining more popularity in the business industry by way of Enterprise Resource Planning (ERP) system and rapidly making its move towards the accounting and auditing industry through Data Analytics Software, however, as the IT innovation continues and the concern of capacity and storage progress, and the demand for expansion and accessibility, brings in cloud computing and big data analytics. As the business industry grow after the financial crisis, companies examine opportunities for operational cost reduction and lower the risk of technology infrastructure becoming obsolete. Obviously integrating business functions to more highly technical and sophisticated system is cost effective, however the damage caused by security and privacy risk can be very costly as well. Guillot (2013) indicated that nowadays the inexpensive, effective and efficient business functions was owed to the evolving technology, but technology also makes the fraud easy to facilitate and engineer by perpetrators who can commit fraud anywhere and anytime as the internet, mobile devices, computers and the cloud are used to conduct business (p.43). Guillot quoted Steve Mar, director of IT statement “It’s not that fraud has changed, it’s that technology has made it easier” (p.43).

The forefront and need of Information and Cyber Security has progressively spread as communication media as well as the exponential growth rate of electronic storage and information transmissions increase at astounding proportions. The need for Security today has never been higher equally for private and organizational use. There are many significant reasons behind the growth of Security in both Information and Cyber fronts. Per (Yildirim, E. Y., Akalp, G., Aytac, S., & Bayram, N., 2011) these are classified as the increase in electronic applications in businesses and daily life, sharing information on network systems, accessibility of information from many points, the increasing threat of loss of information, and most

Internet is everywhere, it is a like global network which provide and has great potential in changing the business works today. With advent of new changes in internet there has been a great change in the way organization’s business models work these days. As internet provides a platform globally to be interconnect all the time, E-business has become a trend setter to big and small companies. Hence, internet connectivity is a vital aspect of business and especially for today’s e-business. There is always a two side for anything, one is the positive aspect and other is the negative aspect. The positive aspect being is, internet helps reach millions of end users through e-business, but it also brings in lots of risks and losses to business that one should be ready for. As so much of data or information available on the internet, it becomes imperative to keep a watch on harmful users online. Though organization develop Information systems for harmless end users, the same data or information is also available for harmful users/hackers. The hackers can get access in to organization data with below vulnerabilities.