Cybersecurity as Investment.

Information Security Wordle: RFC2196 - Site Se...
Information Security Wordle: RFC2196 – Site Security Handbook (Photo credit: purpleslog)
Many companies have experienced a threat to their cybersecurity at some point. It’s very likely that your own company has been breached, whether you are aware of it or not.  Cybersecurity is an investment in protection for your company network but it can also be a money making investment as well. Money Morning has been explaining to investors why it is among the top investments available these days. 
Hackers currently steal about $250 billion annually in intellectual property. Experts have estimated that corporations will spend more than $65 billion in information security by the end of 2013. That amount is set to increase to more than $90 billion by 2017. It’s no wonder that General Keith Alexander, Director of the NSA, has described cyber threats as “the greatest wealth transfer in history.”
According to MSN Money, threats to cybersecurity are not going away in the near future, which is why investing in this industry is a wise idea. One reason these threats will likely remain is an increased number of network vulnerabilities. Other factors that make companies vulnerable to cyber attacks include the increased use of the cloud for storage, the prevalence of mobile apps, and the trend for employees to use smartphones for work. As the stakes get higher and there is more money to be made on each deal, hackers are more willing to customize attacks to their targets, increasing their effectiveness.

According to research firm Gartner, about 80% of the 2,000 biggest companies in the world will soon begin strengthening cybersecurity efforts. Even the U.S. government plans to spend more on security measures. All of this means more money going around in the cybersecurity game and a chance for making two kinds of investments, both of which will serve to secure your future.
Defence Intelligence is a growing information security firm looking for investors to fund new cybersecurity research and launch new security tools and services. Contact us to discuss investment opportunities or for a free trial of our Nemesis or Harbinger services.
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Cyber Risk No. 1: Loss Or Theft Of Confidential Information

Image representing Dropbox as depicted in Crun...
Image via CrunchBase
Cyber risks are a growing concern for every company, no matter the industry. The storage and transfer of data have become necessary parts of doing business, and “putting it out there,” so to speak, increases the chance of a hack-attack. 
File sharing in particular is a major concern for organizations concerned about their sensitive or proprietary data.  With services like Dropbox, Google Drive and Microsoft’s SkyDrive gaining traction daily, IT professionals need an effective way to manage and monitor the flow of their data.  It’s for this reason that both our Harbinger and Nemesis services include a dedicated file sharing category, giving you the ability to control the transfer and integrity of your data.
This month we’ll be looking at three cyber risks most often identified by companies open to disclosure. The first risk is loss or theft of confidential information, which has become even more of a concern for companies and individuals in this post-NSA PRISM world. 
Each year, security threats continue to be more costly and require greater vigilance as evidenced in a recent settlement that cost Sony more than $383,000 in UK-based fines for a 2011 breach of its PlayStation Network. Nintendo also faced similar issues in June of this year with more than 15 million hacking attempts resulting in 24,000 breaches in a single month, according to CBR Online.
The average cost of a breach lasting 3-5 days for a small company is $35,000 – $65,000.  For a large company, that number grows to a staggering $400,000 – $840,000.  If at first glance those figures seem high, consider the cost of the following: time spent responding to incident, lost business, lost assets, reputational damage, and that’s before any compliance issues or fines.
The more your business grows, the more likely it will attract the interest of cyber-attacks. So what can you do to protect yourself? 
1. Pinpoint the associated risks for the types of data that are important to your business. 
2. Define your security policy. 
3. Implement.
4. Review and revise.
Final word of warning: don’t think this is one-size-fits-all. Prevention is dependent on your company’s needs, and could involve establishing Internet use protection or safeguards against intrusion or remote access safety measures for backing up and accessing data. 

Know what you need, and make sure you get it.  For more information about our Harbinger and Nemesis services, visit us at defintel.com
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