Online Security Threats Grow in the Digital Age

In a recent interview with Steve
Durbin of the Information Security Forum, he discusses the current landscape of
security and the risks
. Even in the current state of technology and
advancement, we are still playing catch up with attackers and threats. As
Durbin mentions in this interview, cyber attackers are becoming better
organized and sophisticated. This means that attackers are easier, cleaner, and
higher in quantity. Online fraud opens the door for attacks that are easier to
execute and hard to detect. That being said, companies are often under the
assumption that they will be able to hear, see, or feel an attack when its
approaching. This is one of the many contributing factors as to why businesses
are lacking the fraud prevention
they need in order to protect themselves from online fraud.
Companies need to start taking the initiative to protect themselves and their
information. One of the most unfortunate risks these days is a companys own
employees at times. Digital information and access is often open to employees
and companies do not always ensure a way to deny access to this information if
that person was to leave.

This reinforces the theory that
companies dont see digital and online information as a vital asset. Many
businesses still see access to information as a convenience and not as a
threat. While most businesses share company information via some type of
digital/online mechanism, they rarely realize how vulnerable that can make
their intellectual property. If internal employees can access this fairly
easily, so can attackers. Money, identities, and private information have all
moved online and therefore business owners and consumers should make it
priority to protect these assets. Technology is moving ahead a very fast speed,
and hackers are moving just as fast, if not faster. Companies now must find a
way to protect their online assets without devoting all their time and
resources. In many cases, companies have given more power to the consumer and
created ways for them to access their information from any Internet connection.
While this may seem like a great value add for the company (and the consumner),
it opens up this information for hackers as well. Moving forward, companies must
learn to arm themselves with the proper fraud
prevention measures
to avoid past threats becoming present ones, and
present ones becoming even greater future threats.

[Contributed by EVS Marketing]

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