“NO MATTER THE TARGET, THE CORNERSTONES TO ANY GOOD CYBERSECURITY PROGRAM ARE AWARENESS, EDUCATION, AND PREPARATION. A LOT OF DAMAGE CAN BE MITIGATED, AND AVOIDED ALTOGETHER, BY RECOGNIZING THAT EVERY BUSINESS—NO MATTER THE SIZE OR MARKET—IS A TARGET AND BY BUILDING A STRONG CYBERSECURITY CULTURE.”


Security Society (NCSS), “… around fifty to sixty percent of small businesses never recover.” And the cost of infiltration from a phishing attack isn’t limited to the ransom. From investments into new security systems to losing clients after the attack, phishing schemes cause significant collateral damage. And, even if a business can afford to pay a ransom in full, there is no guarantee that they will get their data back. Often enough, ransomed data is gone for good. Pescatore put it another way: “Tink if you lose access


to your computers for four or five days? What would that do to your business?”


Along with phishing schemes, Seale also cautioned that companies double and triple check the safety of any online transactions. In particular, when managing international wire transfers, companies should ensure that parties at


both ends of the transaction have taken the appropriate steps to secure their websites. “Money can move halfway around the world in a couple seconds,” she said, “and then it’s gone.”


PROTECTING THE


INTERNET OF THINGS Another arena that has become increasingly important to protect is the network of interconnected devices known as the “Internet of Tings” (IoT)—a broad term referring to the array of physical devices, wireless sensors, and control systems that are not technically computers but can still connect to the Internet.


Mary Seale


WIRE ROPE EXCHANGE MAY–JUNE 2019


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