Falanx Group: How well prepared is your organisation?

We continue to see both large and small businesses succumbing to data breaches and cyber threat issues; most notably in recent weeks, Equifax and Deloitte. Equifax have potentially exposed the data of hundreds of millions of their customers, whilst a number of Deloitte’s high-profile clients have had their accounts accessed by hackers. Whatever the scale or impact of any cyber-attack, there’s no doubt the consequences are always severe, diminishing consumer trust and company reputation, perhaps irreparably. As a cyber security professional, it’s easy for me to get frustrated and blame businesses for not getting their house in order. After all, it’s often the basics not being in place that allow a breach to occur.

For example, the Deloitte breach supposedly occurred because an administrator’s account required only a single password and did not have a two-step verification process. Something so basic has put vast amounts of confidential data at risk. However, we have to cut businesses a bit of slack. When people are focussed on their day jobs, it can be easy to miss things. We all make silly mistakes, but there are a number of simple steps we can take to help prevent an error turning into a disaster.

Know what you need to protect

Many SMEs we speak to don’t even think they need to invest in cyber security – what have they got that a cybercriminal would want? You might not have the millions in ransom money or the bank details of hundreds of millions of individuals, but you do have data. If your business can leverage this data to make a profit, then so can malicious hackers.

Figures suggest that 60% of SMEs which are hit with a cyber-attack go out of business within 6 months. That’s a terrifying thought for any business owner. You need to be aware of what data your business stores, where it is, how it is protected, and if you even need it. Are you storing personal details that aren’t even relevant anymore? Get rid of them securely before someone else gets their hands on them.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Falanx Cyber Security

More articles like this

Falanx Cyber Security plc

How to develop a data infraction response plan

A dating breach response plan outlines how an economy be respond to a breach. Follow these five steps, both use our free template to develop your organization’s plan. Data breaches happen at all organizations. Even the

Falanx Cyber Security

Thwarting the most advanced cyber threats

Cyber security is no longer what it used to be. That’s because cyber threats have become more persistent, sophisticated and voluminous, and the switch to hybrid working has only accelerated this trend. Rob Shapland from Falanx

Falanx Cyber Security

Inspecs has eyes-on Security 24/7/365

Background Inspecs Group Plc is global leader producing large volumes of high quality eyewear for fashion, sports, lifestyle brands and patented concept eyewear. The Inspecs group of companies produce in-house for a global network of distribution to

Falanx Cyber Security

Don’t let hackers ruin your holidays

Holidays are approaching and now is the time of year when IT staff and business owners start to wind down. But this is the busy season for ‘holiday hackers’. The week prior to and during Christmas

Falanx Cyber Security

Falanx Group further progress in sales with good order growth

Falanx Group Ltd (LON:FLX), the AIM listed provider of cyber security services, has announced its interim results for the six months ended 30 September 2022. Financial Highlights for six months to 30 September 2022 • Orders for our core

Falanx Cyber Security

Hospitals are at a high risk of cyberattacks

Are Hospitals at a High Risk of cyberattacks? Yes, they are! Since they store sensitive data and usually have weak cyber defences. Thus, putting Digital Health at stake. Even the pandemic has raised the increase in the rate of cyberattacks on Hospitals

Falanx Cyber Security

How to avoid the $1 million bill of a ransomware attack

Your business will be targeted by a cybercriminal this year. That’s not an exaggeration, or even a scare tactic. Unfortunately, it is the harsh reality: 61% of mid-sized businesses (the most popular target for hackers) experienced a cyberattack last

Falanx Cyber Security

Finalists at the Cyber Security Awards 2022

Falanx Group are delighted to have 2 finalists at the Cyber Security Awards, 2022 being held at One Moorgate Place, London! Nicola Hartland, Chief Revenue Officer, is finalist in the category Woman of the Year. Rob Shapland,

Falanx Cyber Security

Charities Cyber Essentials fortnight 7-18th November

Cyber criminals are attracted to money. And that makes charities – and the information they hold – a target. Data on beneficiaries, supporters and volunteers as well as information on invoice and payment details can be

Falanx Cyber Security

Most Inspiring Women in Cyber awards 2022

The nominations for the Most Inspiring Women in Cyber awards are out! It’s always wonderful to read about the incredible women in our industry, who are making fantastic contributions and paving the way for others. In

Falanx Cyber Security

Almost half of Irish SMEs hit by multiple cyber attacks

Almost half of Irish small and medium businesses have experienced multiple cyber attacks in the last three years, according to a new study. The study from Microsoft and Vodafone states that the average financial loss per

Falanx Cyber Security

Falanx Group strengthens Board with new appointments

Falanx Group Ltd (LON:FLX), the AIM listed provider of cyber security services, has announced the appointment of William Kilmer as an independent Non-Executive Director and Richard “Rick” Flood as an Executive Director and with immediate effect.