Many Businesses Ignore Cyber Threats Despite Risks

Threat of cyber attack upon a business network is a scary prospect, and with 2011 being noted as one of the worst years for cyber crime in history, the problem is more than likely only going to get worse, according to www.tennessean.com. But according to Mark Burnette, Nashville-based president of cybersecurity consulting firm MainNerve, businesses aren’t taking the threat as seriously as they should, with most just meeting the compliance obligations instituted by the government. Why? Because it doesn’t contribute toward their bottom line and so it is not deemed as important as other areas.

Recently, the Department of Homeland Security’s U.S. Computer Emergency Readiness Team organized and put on the GFIRST Cyber Threat Conference in Nashville, TN. An annual event, the conference has tripled in size over the past five years. During this latest event, 1,500 of America’s chief corporate and government cybersecurity experts were present.

With 90% of the nation’s infrastructure such as oil and gas, utilities, healthcare, and financial services in private hands, corporate cybersecurity and any vulnerabilities that private companies might have make such issues a national security risk. So, through conferences such as GFIRST, which was free to the public, the importance of cybersecurity and reducing a company’s risk moves front and center for attending organizations.

Examples of recent cyber attacks:

  • The State of Tennessee computer systems were hacked by so-called “hacktivists” who were unhappy with recent legislation penalizing the posting of offensive images online.
  • The breaching of Sony’s PlayStation Networks, which resulted in the infiltration of 100 million user accounts, giving the hackers access to vital credit card and banking information.
  • Operation Shady RAT, which has targeted more than 70 government entities, corporations, and defense contractors for the past few years.

For more information about the GFIRST Cyber Threat Conference, visit: http://www.tennessean.com/article/20110812/BUSINESS/308120057/Many-businesses-ignore-cyber-threats-despite-risks