Don't underestimate cyber crime cost

Cyber Security - Has It Clicked?

16 Oct 2015

Has It Clicked how much of an impact a high profile cyber attack on a business can have on potential customers?

Along with the potential loss of personal data, the reputation of the targeted firm can also take a major hit.

Today, as part of the force’s Cyber Security – Has It Clicked? Campaign officers are highlighting that the cost of an online attack may be more than what is initially stolen.

A national survey commissioned by joint public private internet safety initiative Get Safe Online - which has today launched its 10th annual Get Safe Online week – revealed 64 per cent of the public are now more cautious about sharing their personal data with companies as a result of high profile breaches.

Of those surveyed, many said a particular case had made them more cautious, with 23 per cent citing the Carphone Warehouse breach; 22 per cent blaming scams in the wake of pension reforms and 18 per cent the Apple iTunes emails scam.

The Talk Talk, Sony and Ashley Madison data hacks were all also said to have been what made people think twice about sharing data online in 17 per cent of cases.

Insp Rich Osgerby said preventing data from loss or falling into the wrong hands should be part of every firm’s day-to-day housekeeping.

He said: “The far-reaching consequences of taking a relaxed attitude to protecting your data from online criminals shouldn’t be under estimated.

“Breaches of confidentiality can lead to severe financial losses to your business, employees and customers.

“You may also incur further losses as a result of non-compliance penalties and there is also the long-term impact of your firm’s compromised reputation to consider.”

There are a number of steps you can take to prevent your firm’s precious data from being lost or stolen.

These include:

  • Do an audit to access the level of risk, by reviewing the information your firm has stored on the company network, in The Cloud and on individual devices. Look at how has access to it and assess what the consequences would be if it were lost.
  • Classify your documents in order to identify its level of confidentiality.
  • Limit and control who has access to what data by setting access levels.
  • Make it very clear what employees can and can’t do with confidential or business-critical information. Once policies are in place, make sure they are enforced.
  • Restrict or ban the use of portable devices, which could be used to copy sensitive data. You could also disable USB ports.
  • Encrypt your corporate data.

Get Safe Online can provide a host of information on protecting your firm from online criminals.

You can also check out tips and advice from the force Has It Clicked? campaign, follow @Humberbeat #HasItClicked? on Twitter or visit the Humberside Police Facebook page.