1/28/2014 - Mobile device popularity increasing security risks for businesses
With the ubiquity of mobile technology illustrated by seemingly everyone having a smartphone or tablet, many entrepreneurs have also started to following this trend by enabling their workers access to their corporate network remotely. At the same time, though, internet hackers have been watching, and as a result, made life a living nightmare for business owners whose company identities have been stolen, typically by gaining access to private financial information.
It's this security threat that stands as one of the most troublesome foes for entrepreneurs, according to a new report commissioned by endpoint management security firm Lumension and performed by the Ponemon Institute.
Three out of four IT experts says explosion of mobile device use is cause for concern
Endpoint security - the protection system used to shield a private business network from being hacked into remotely - is an ever-increasing issue for business owners the study found. Additionally, according to about 680 information technology experts, nearly three quarters stated that the biggest threats to it derive from mobile devices.
Larry Ponemon, founder of the Traverse City, Mich.-based independent research and education firm, indicated that this has been a brewing issue for the past five years or so.
"Trending data shows increasing concern, year over year, over the explosion of mobile devices on the network," said Ponemon. "It's now IT's greatest risk. And unfortunately, 46% of our respondents report no efforts are in place to secure them."
Another issue for entrepreneurs, the study found, is malware, which is damaging software that's embedded stealthily in seemingly innocuous links that can cause serious problems for a network or personal computer. Approximately four in 10 respondents had witnessed more than four dozen malware attacks in the past month. And, as with endpoint security threats, many indicated they had not gone to all available lengths to diminish this threat beforehand.
With news breaking of nearly 40 million credit and debit card records being stolen from retail-giant Target just over a month ago, and given the fact today is Data Privacy Day, there is no better time for entrepreneurs to review business exposures and consider cyber-liability protection. Selective offers CyCurity® protection, which can help business owners in the event a cyber-breach occurs, by providing electronic media liability, electronic information security, and security breach expense coverages. To learn more about this critical coverage, contact one of our agents today.