Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
UCS Invicta: Integrated Flash
Deploy flash memory technology to
deliver peak workload performance.

Find out more>>
Customer Data
Is your endpoint data protected?
Average Rating:
Rate this article:  
Cybersecurity Pros in Demand To Combat Data Breaches

Cybersecurity Pros in Demand To Combat Data Breaches
By Seth Fitzgerald

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

For many years, companies knew that cyberattacks were potentially dangerous, yet cybersecurity was necessarily not top of mind. In light of recent high-profile data breaches, cybersecurity gurus are now in serious demand. One of the challenges they face is that even the best software cannot protect businesses against today's sophisticated attacks.
 


Businesses as well as government agencies are increasing their focus on cybersecurity, including hiring more professionals to deal specifically with cyberattacks and the havoc they wreak.

The increased focus comes as businesses struggle to protect customer data and also to respond quickly to breaches when they occur. As the costs associated with data leaks continue to rise, large organizations are finding it more cost effective to hire seasoned IT experts -- including some who earn more than $500,000 a year -- to batten down the hatches and be prepared if and when there's an attack.

In fact, for some organizations, the costs of being well prepared are proving to be much less than the costs associated with cleaning up after a large-scale data breach.

Hiring Frenzy

One potential solution to help combat cybercrime is for organizations to build internal teams that work solely on protecting customer data from hackers. Companies like JPMorgan and PepsiCo, as well as USAA (United Services Automobile Association), are taking the threat seriously, hiring chief information security officers (CISOs) and paying big money to protect them from cyberattacks. As more companies follow suit, the position is being given an even greater level of importance.

By hiring a CISO who reports directly to the CEO, businesses can ensure a C-suite emphasis on data and network security. These top-level hires may be part of the solution, but more comprehensive cybersecurity teams and software are generally also needed to provide sufficient protection.

Government agencies like the FBI face similar challenges. Cybercrime has become such a major issue for the FBI that it is in the process of hiring an additional 2,000 cybercrime experts.

Hard To Detect

Part of the problem is that even the best cybersecurity software on the market cannot protect businesses against these attacks. This means that in addition to hiring cybersecurity gurus, companies must either store less data so that customers are not put at-risk or they must heavily encrypt data to make any stolen information useless to the criminals.

Cyberattacks are taking place more often than in the past, but one of the most troubling new trends is that when attacks do take place, businesses sometimes do not report them for days. Legislation is in the works that would force corporations to report breaches quickly. However, that change won't necessarily solve the problem since many breaches go undetected for days or even for weeks.

A study of 253 U.K. corporations, conducted by security firm Tripwire earlier this year, found that at least 40 percent would need two to three days to detect a breach. Unfortunately, that's plenty of time for cybercriminals to go undetected as they steal and exploit private customer data. (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



IT departments are embracing cloud backup, but there's a lot you need to know before choosing a service provider. Learn all the critical things you need to know by accessing the white paper, "5 Things You Didn't Know About Cloud Backup". Access the White Paper now.


 Customer Data
1.   Target Data Breach Cost: $148 Million
2.   Supervalu Suffers a Data Breach
3.   Experian Debuts Anti-Fraud Platform
4.   Facebook's Security Chief Questioned
5.   Black Hat: Security Threats Aplenty


advertisement
Target Data Breach Cost: $148 Million
Better customer data protection needed.
Average Rating:
Facebook's Security Chief Questioned
Spotlight shines on security strategy.
Average Rating:
Supervalu Suffers a Data Breach
Joins growing list of retailer victims.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Cost of Target Data Breach: $148 Million Plus Loss of Trust
The now infamous Target data breach is still costing the company -- and its shareholders -- plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 
Chinese Hackers Nab Info on Millions of U.S. Patients
A group of Chinese hackers has stolen the personal information, including names and Social Security numbers, of about 4.5 million patients at hospitals operated by Community Health Systems.
 

Enterprise Hardware Spotlight
Three New Lenovo PCs Aimed at Business Users
Businesses everywhere want computing solutions that do more for less money, and Lenovo has unveiled three new desktop PCs that offer solid computing at a budget-minded price.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 

Mobile Technology Spotlight
Apple Stock Soars Ahead of iPhone 6 Launch
The imminent release of the iPhone 6 -- and maybe even an iWatch -- has sent Apple's stock soaring to new heights. Considering what else the firm could have up its sleeve -- the stratosphere may be the limit.
 
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 
Verizon Earns Top Rating in Mobile Network Comparison
A new report says Verizon Wireless was the top-performing U.S. cellphone service provider in the first half of 2014, on a nationwide and state-by-state basis, as well as in metro areas.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.