accountants and business advisers
Cyber Roundup from September 2018
Cyber Roundup from October 2018
Cyber Roundup from November 2018
Cyber Roundup from December 2018
Cyber Roundup from January 2019
Chief Executive Officer
11 Mar 2019
So, you’ve been lucky so far. Neither you nor your business has been compromised by cyber crime. Maybe Shakespeare’s warning [which basically applies to most life circumstances] can be your guide: Better three hours too soon than a minute too late. Good advice from a guy who died over 400 years ago and never had a smartphone.
As you will see from this month’s edition of Cyber Roundup, in the blink of an eye, you can become a victim. Now’s the time to contact us and get a cyber check-up.
The following is a rundown of what happened during the month of January 2019. We welcome your comments, insights and questions.
PKFOD Comment: Many businesses — whether for-profit or not-for-profit — handle sensitive data to support their mission. While some have heeded the warnings and have taken a proactive stance in defending against the cyber threat, many have not and remain reactive. In the breaches noted above, these events weren’t the result of a sophisticated hack, but a breakdown in internal controls that resulted in misconfigurations and, ultimately, data exposure. While we often associate breaches with a hacker, that often is not the root cause. Until a fundamental shift occurs and cyber/data security is no longer viewed as a business expense, but a key enabler in supporting the business and its mission, these issues will continue to occur. If you need assistance in learning how to build a cyber security program that is proactive, effective, and a business enabler, please feel free to contact us.
PKFOD Comment: As a Firm, we work with many municipalities. Unfortunately, many are still not getting the funding they need approved to proactively address the cyber threat, resulting in either nothing being done or the assessment being awarded to the lowest bidder who often is not qualified to perform the review. Until that changes, municipalities will continue to be actively targeted and victimized by the cyber criminals.
PKFOD Comment: To help companies manage this risk, you may find value in our Dark Web Monitoring service, designed to help proactively identify these exposures and alert you when your business credentials are located for sale in the hacking community.
Source: PKF O'Connor Davies
For more information on how our services can help your business get in touch.