In light of increasing hacker sophistication and lack of banking security infrastructure, small and medium enterprises (SMEs) across the world may face a bleak future if they do not secure their networks against upcoming cyber threats which are on the rise, says network security training expert EC-Council.
Cyber criminals are stealing as much as $1 billion a year from the accounts of small to medium companies (SMEs) in the United States and Europe, according to estimates from Dell SecureWorks, a security arm of the computer maker. With rising incidences of hacking and other such network defence issues, network defence expert EC-Council advises SMEs to educate their employees on good information security practices and habits.
According to a recent Bloomberg report, overseas gangs target small commercial accounts protected by rudimentary security measures at community or regional banks. The accounts typically aren’t covered by fraud insurance, as individual accounts are, and businesses often find themselves held accountable by the banks for their losses.
Owners of SMEs conventionally face the challenge of having to be a jack of all trades, combining a keen knowledge of their core businesses with a basic knowledge of many other specialised fields such as IT Security. Read more…