Cybersecurity

What’s the Value of Your Hacked Company?

By Brian Krebs

Protection of company data is a chief concern of IT leaders, and for good reason. These digital assets aren’t just valuable for cybercriminals, but they’re also of great importance to business—in fact, their value may be so great that an organization can’t put a price on them.

Brian Krebs writes, “Most organizations only grow in security maturity the hard way—that is, from the intense learning that takes place in the wake of a costly data breach. That may be because so few company leaders really grasp the centrality of computer and network security to the organization’s overall goals and productivity, and fewer still have taken an honest inventory of what may be at stake in the event that these assets are compromised.

“If you’re unsure how much of your organization’s strategic assets may be intimately tied up with all this technology stuff, ask yourself what would be of special worth to a network intruder.”

Krebs continues, “In years past, most traditional, financially-oriented cybercrime was opportunistic: That is, the bad guys tended to focus on getting in quickly, grabbing all the data that they knew how to easily monetize, and then perhaps leaving behind malware on the hacked systems that abused them for spam distribution.

“These days, an opportunistic, mass-mailed malware infection can quickly and easily morph into a much more serious and sustained problem for the victim organization (just ask Target). This is partly because many of the criminals who run large spam crime machines responsible for pumping out the latest malware threats have grown more adept at mining and harvesting stolen data.”

Read the full article here.