Cyber Security (CONT’D FROM PAGE 1 )
BCN
says,
“Crooks know it’s very, very easy for people to miss slight changes in email addresses,” says Mary S. Schaeffer, AP Now’s President (ap-now.com). Reports from the FBI, the IRS and other agencies show that cyber fraud poses a growing threat to businesses. While many thieves want money, others want data such as company marketing plans or customer information for identity theft. Losing control of the latter can be especially costly. “The extent of liability for customer data loss de- pends on the severity of the incident,” says Diane D. Reyn- olds, Partner at New York-based McElroy Deutsch (md- mc-law.com). “Not only may a breach require notification under state and possibly federal regulations but there are also costs involved with the ongoing need to monitor the results of the breach, cleanup the system, and deal with negative public relations.” Not only large companies are at risk. “Criminals often target smaller businesses because their protections are typically not as strong,” says Schaeffer. “They are likely to have older, unsafe technology and lack the security per- sonnel to keep software updated.”
to the sponsors of our 2021 calendar!
®
JB MACHINERY
Fueling the rise in cyber fraud is the growing digitali- zation of business transactions, a long-term trend given further impetus by a greater reliance on electronic com- munications during the Covid-19 pandemic. “Flaws in fire- walls and Virtual Private Networks (VPNs), as well as in vid- eoconferencing systems have exposed more businesses to incursions,” says Robert M. Travisano, an attorney in the litigation practice of Epstein Becker Green (ebglaw.com). The rapid expansion of devices on the typical employer’s computer network has given cyber actors still more op- portunities. The pandemic has increased risk in another way: “More people are working at home, sharing business computers with family members,” says Eric Jackson, Consultant in the Cybersecurity team at Withum (withum.com). “This has created some serious security breaches.” Not only do us- ers log onto malware-infested sites they would not access at work, but family members may accidentally open email attachments that install damaging programs.
Please visit www.nvpublications.com to view the 2021 industry events and links to our sponsors’ websites where you can learn more about their products and services.
CONTINUED ON PAGE 26
24
www.boardconvertingnews.com
April 19, 2021
Made with FlippingBook - Online magazine maker