Hacking: Small, but Attractive Targets

Businesses cannot afford to grow complacent with their network security, as it could make a significant difference between falling prey to an attack and remaining secure. The process of securing a network must be looked at holistically, from top to bottom. This idea of enterprise security is not new, but even a small business needs to keep it in mind, and these solutions are more accessible than you might think.

Another day, another cyber-attack! In early April, Omni Hotels & Resorts was the victim of a cyber-attack that brought down the entire IT system and led to a company-wide outage. The organization took immediate action and brought the entire network offline to isolate the issue, protect its data and prevent further damage from occurring. Unfortunately, this process heavily impacted the hotel’s operations and day-to-day functions, such as managing reservations, unlocking hotel room doors manually and using point-of-sale (POS) systems in restaurants and shops within the hotel. Some estimates expect this attack to cost the Omni over a million dollars. While unconfirmed by the hotel, several sources speculate that the type of cyber-attack was a ransomware attack similar to what happened to MGM in Las Vegas several months ago. 

In 1996, the United States Congress passed the Health Insurance Portability and Accountability Act, better known as HIPAA, in an attempt to streamline the healthcare system while also maintaining individual privacy of individuals’ health records. This regulation allowed people to more effectively and securely transfer their health coverage without the risk of fraud or abuse of health records. As you can imagine, your technology plays a significant role in making this happen.

Nowadays, you can’t afford not to have some portion of your business’ budget set aside for cybersecurity. The question is, how much do you need, and what should you be spending it on first? Let’s take a few moments to dig a little deeper into this question and examine a few cybersecurity protections you should establish as your business’ baseline defenses.