I think if anything, the notion
of cyber-crime should be dealt with just as much as “regular” crime within an
organization. This is because we live in a digitalised world. Organizations
need to be ready to keep up with the rapid change of platforms such as the
internet, and need to deal with the consequences of a world run by technology.
For example, in 2012 alone,
cyber-attacks on businesses rose 300% from 2011 (Brandon, 2014). I think the scary
thing is that cyber-attacks are only increasing, and can hit large corporations
just as much as they can affect small businesses (Hausken, 2007). We only have
to look as far as Apple with the iCloud scandal, or the Sony hack to know that
even if larger corporations have high security in regards to fraud prevention,
there is always a possibility that someone will get through (Dawson, 2015).
Even from a personal standpoint
I’ve learnt to go the extra mile to protect myself from cybercrime. Simple
things like not using internet banking, changing passwords, and using virus
protection. Every little thing counts, and businesses should not take any risks
if it means they could potentially lose their money, reputation, or any other
valuable assets.
The following are recommendations
that should be used as a guide for businesses who are willing to protect their
business from cyber-attacks.
5 Key Recommendations:
- Educate all employees on the topic of
cybercrime, and force them to change their computer password regularly.
Also educate them on issues like fake emails and malware.
- Regularly update all computer systems,
in order to block attacks from being able to take advantage of software
flaws.
- Review financial statements regularly
(and bank and credit card statements).
- Install security software (strong
antivirus) and encryption technology onto all computer systems.
References
Brandon, J. (2014). Why Your
Business Might be a Perfect Target for Hackers. Retrieved from http://www.inc.com/magazine/201312/john-brandon/hackers-target-small-business.html
Dawson, F. (2015). What The Sony
Hack Can Teach About Cyber Security. Retrieved from http://www.forbes.com/sites/freddiedawson/2015/02/27/what-the-sony-hack-can-teach-about-cyber-security/
Hausken, K. (2007). Information
Sharing Among Firms and Cyber Attacks. Journal
of Accounting and Public Policy, 26 (6), 639 – 688.
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