Security Threats That Affect Small Medium Enterprises ( Smes ) Essay

Despite the presence of network security devices such as firewalls and other security appliances, today's corporate networks are still vulnerable to both internal and external attacks by hackers intent on creating havoc. By proactively

As organizations utilize software and the internet together to make transactions and complete accounting functions, the threat of cybercrime comes into play. “Cyber crime against private business is growing, and consuming a larger share of Federal Bureau of Investigation resources than ever before…” (Kelly, M., & 42 staff, 2011)

Today, businesses both large and small face immense cyber threats and must continuously evolve to

The threat is incredibly serious—and growing. Our nation’s critical infrastructure, including both private and public sector networks, are targeted by adversaries. American companies are targeted for trade secrets and other sensitive data, and universities for their cutting-edge research and development. Citizens from anywhere across the globe are targeted by fraudsters and identity thieves, and children are targeted by online predators. Just as the FBI transformed itself to better address the terrorist threat after the 9/11 attacks, this means enhancing the Cyber Division’s investigative capacity to have strong sharp focus on intrusions into government and private computer like network to.hospitals, school districts, state and local governments, law enforcement agencies like the Federal Bureau of Investigation, Central Intelligence Agency, Drug Enforcement Administration, National Security Agency, Naval Criminal investigative Service and Department Of Defense, small businesses, large businesses these are just many who have been impacted by ransomware, a threat type of malware that encrypts, or locks, valuable digital files and

While running businesses, owners must be aware of crucial security threats that their organizations are exposed to in order to formulate

Times have changed what was known as organized crime has been replaced by Cybercrimes (Heists: Cybercrimes with Ben Hammersley). Cybercrimes have risen dramatically in recent years and have become a major issue the United States and company’s face today jeopardizing as well as threatening the critical infrastructure of America (Cyberwar Threat, 2005). Sadly, the status quo of cyber security is very unstable with the advancements and growth which has put most individuals and businesses into an enormous threat (Agustina, 2015).

A successful business works on the basis of revenue growth and loss prevention. Whenever an organization start a project, they first plan for security because security breach can impact on overall project like data leakage, down-time and reputation loss. This may, in turn, impact on the company’s bottom line and ultimately profit margins. A virus attack on project or a network breach can cost a business thousands of dollars. In some cases, it may even lead to legal liability and lawsuits.

This research project discusses a common threat that is consistently present in the world that we live in today on the front of cybersecurity as well as cyberspace. Among all of the various cyber-attacks that exist in our world today, Ransomware has taken a front seat when discussing the different types of threats that create the potential to harm us users on a day to day basis. This form of threat is something that has been plaguing users for years and has caused financial manipulation for hospitals, businesses, and private citizens as well. This research project will discuss the threats that have been present in the past 5-10 years and will provide an in depth study of what occurred and what could have been done in order to prevent this type of attack from happening. The topic of risk assessment and vulnerability will be analyzed as well.

Virtually every business today uses at least one form of computer information technology. Business firms use computers to automate and assist in managing everything from operations, sales, finance, and logistics. Internal databases and intranets are used for internal controls and organizations are connected via the internet to conduct sales, marketing and many other communications and transactions. Electronic business, or e-business, is dominating modern markets and the business world. This new world of technological innovation has exponentially increased efficiency and globalized the world’s economies. Unfortunately criminals still exist and continue to exploit businesses, committing acts of theft, vandalism, and terror.

This article notes that these attacks have companies more concerned now because these cybercriminals are now targeting companies more than the customers. As Mitnick talked about how hackers will go after company information, more than the users in Chapter 3, this article discusses the dangers companies are having with this Ransomware. The article then talks about the lack of awareness from the companies about this attack method. Also how the attackers are always trying to stay in advance of the companies defenses by creating new attack methods. Another problem this article covers is that many companies are actually paying the ransoms because they do not have good back-up systems. In a result of all the companies who end up paying the ransoms, this makes the Ransomware attack more eye-catching to the hackers. The FBI has been trying to inform these companies about the problem but over the past few months it still has not improved. Many companies end up paying the hackers the ransom just so they can have their files, and be able to run their business. The companies that are the most vulnerable are the ones where they don’t have the proper protocol in position, and that do not have the proper backup procedures. Another reason for the increase in Ransomware attacks is because of how easy it is for a hacker to use and get a lot of

Everyone has heard the horror stories of cyber attacks like spearfishing, data breaches and CryptoLocker. Problem is, a lot of small business owners believe that it will never happen to them. What does all of the above have in common? It can cost business owners a lot of extra cash when they do not guard against it correctly.

Ransomware first entered the online space in 1989 when the AIDS Trojan a.k.a. PC Cyborg designed by Joseph Popp was introduced. AIDS Trojan is the first file-encrypting threat to encrypt the user’s files on the hard drive and demand money to unlock them. Since then, ransomware has evolved so much that a single ransomware piece – Crypto wall, has cost the world economy $18 million in less than a year. To put it in other words, Crypto wall’s creators have made millions of dollars while extorting money from individuals and

Insider threats are considered as one of the most serious security problems in many studies and have received considerable attention among organizations over the world. This report will present the term “insider” and “insider threats” in cyber security, motives and effects of insider threats, underlying issues and causes of insider threats, prevention and detection of insider threats and management of insider threats within the organizations. The report will include case studies of malicious insider threats on IT sabotage and fraud as well as oblivious insider threats with analysis and discussions.

InfoSec Policy, generally it is one of most important factor in securing a data framework, is additionally one of the most every now and again disregarded and misjudged in private companies. Playing out the means important to make solid, successful, and more importantly, enforceable approach is typically seen to be past the assets of smallest businesses. However, with the inescapability of small business, these information systems can get to be distinctly unwitting tools for attackers and give a venturing stone to bigger attacks on big business systems.

Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).