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The Cost of Cybercrime

 

Hackers are holding the world to ransom with cyber-attacks costing the global economy more than £238 billion a year¹. These attacks damage the global economy almost as much as illegal drugs and piracy, with financial losses from cyber theft resulting in a potential 150,000 European job losses.¹ Cybercrime is a growing menace which is proving to be an ever growing challenge for individuals and businesses. US retailing giant Target saw its earnings drop 46% after an attack that leaked more than 40 million customer credit card details², whilst eBay and Office have also been ‘hit’ this year, with customer data compromised.

Despite these devastating implications, the public, corporates and their employees continue to be careless with their valuable and highly confidential data –residing on laptops, tablets and mobile devices. Cyber espionage and theft of individuals’ personal information is believed to have affected more than 800 million people during 2013¹, and our mobile working culture has made data security an even greater challenge.

With IDC estimating that over one million smartphones were shipped last year³, someone somewhere in your company is using a personal, mobile device to connect to a corporate network and download sensitive data – making your organization a sitting target for cybercriminals. Companies must equip their employees with the means to protect corporate data from threats such as identity theft and cyber espionage, whilst mitigating the dangers associated with unsecured devices and free Wi-Fi hotspots.

Mobile devices need to maintain the same high levels of security as office-based desktops and servers, with only IT provisioned laptops or tablets connected to corporate networks. But, the best way of ensuring hackers can’t gain access to your company data, is by storing all your data on a secure fully encrypted Windows To Go USB flash drive. It provides employees with an IT managed and provisioned Windows workspace that replicates their secure office desktop environment, on any device that the USB is plugged into. This also means IT departments do not need to deploy individual computers but rather can deploy the Windows To Go workspace on USB drives which saves time, resources and introduces vast cost savings.

Staff awareness plays a crucial role in protecting the company network against cybercrime. Often under-estimating the inherent security risks of using personal devices in the office, employees must be educated to handle these responsibly – on a proactive, ongoing basis rather than waiting until a security breach occurs, when it’s too late.

With so many high profile security breaches making the headlines, organizations want to know that corporate data is secure at all times, regardless of where it resides, whilst employees need the flexibility to work remotely. Cybercrime can have a devastating impact on your business in terms of cost and reputation. Your organization can’t afford to be tomorrow’s headline…

 

Sources:

¹McAfee report, June 2014 – Net Losses: Estimating the Global Cost of Cybercrime

² http://www.businessweek.com/articles/2014-03-13/target-missed-alarms-in-epic-hack-of-credit-card-data

³ International Data Corporation (IDC)Worldwide Quarterly Mobile Phone Tracker, Jan 2014

 

 

 


 

 

 

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The Mobile Worker – A Look Back and a Look Ahead

In 2011, there were approximately 1.3 billion mobile workers and this number is expected to grow to 1.6 billion by 2015, according to IDC.  And as the breadth of our mobile workforce expands, the opportunity for targeted data breaches is increasing exponentially as well.

The rise of the teleworker is a boon to business and government organizations. At the same time, the expanding mobile workforce is fueling the evolving threat landscape — Symantec’s 2012 Norton Cybercrime Report notes that cybercriminals targeting mobile devices and mobile vulnerabilities doubled from 2010 to 2011.  IT departments must find new ways to protect corporate data at risk of malicious penetration from the outside, and malicious or careless insiders as well.

So what does this mean for the IT department? A new generation of mobile workers needs secure, portable workspace environments, and secure mobile device control systems.

Here’s another look at our advice for IT departments managing a worker-on-the-go:

  • Staff need to be educated on the responsibilities of handling mobile devices and the data security risks
    Proper training has to be a major part of educating staff on how to use mobile technology in order to do their jobs without risking a data breach.
  • Implement secure computing solutions that allow employees secure access to what they need
    Teleworkers need to be able to conduct their daily business from any location and must therefore be equipped with hardware encrypted solutions with strong user authentication.
  • Provide a secure platform that locks down the host-computer
    As organizations continue to accept that mobile workspaces are extremely convenient and flexible, advanced centralized deployment and management are key elements of maintaining and controlling a secure environment.
  • Make it easy and convenient enough to avoid workarounds
    Mobile devices must act like the desktop an employee has left at their office otherwise users will inevitably break security protocols.

Employees and IT organizations should learn from the security-related mistakes of the past. Technological advancements to the ways in which we work will continue to evolve and while it is not something that we want to stop but we must leverage the lessons learned and be smarter about mobile safety.