Companies ill-prepared for Christmas break breaches

Powered by SC Magazine
 

Card fraud expected to rise dramatically.

With just under two weeks to go until Christmas Day, research has revealed that nine out of ten companies will not be taking additional IT security precautions over the period.

ProCheckUp warned companies that with increased traffic to e-commerce sites, reduced staff and increased hacking activity, it is even more difficult for companies to protect themselves from malicious attacks at this time. 

Richard Brain, co-founder of ProCheckUp, said: “During this time, many companies have little or no network security staff working at their offices. This situation might allow successful external and internal attacks to take place, due to lack of sufficient monitoring.

“Companies need to make sure they prepare for this, by undertaking external and internal testing and ensuring that the virus patterns, and Windows patches update automatically."

Phil D'Angio, director at VeriSign, said: “Consumers are especially bargain-hungry at this time of year. While bricks and mortar stores are busy competing for consumers' attention, the fact is that consumers are now spending around a third of their cash online. Online retailers can pass the benefit of their lower overheads on to customers through lower prices, but this makes the online world particularly competitive.

“One way for e-retailers to persuade consumers to hand over their cash, without unprofitable price cutting, is to up their game when it comes to online security. Worryingly, according to our research almost one in four (22 per cent) Britons say they are being held back from shopping online this Christmas due to reservations over online ID theft and fraud, while 14 per cent said they wouldn't shop online because they don't trust e-commerce sites. These percentages represent losses that retailers could easily stem by promoting their online security credentials, and through technologies such as Extended Validation (EV) SSL Certificates.”

Dr Glenn Wilson, visiting professor of psychology at Gresham College, commented: "Last minute Christmas shopping on the high street is a stressful experience. Stress affects people in many ways, both physically and psychologically. Heart rate and blood pressure rise, and there is an increase in anxiety, distractibility, confusion and forgetfulness, all of which makes people more likely to lose things, such as their bank cards, and be more at risk of theft.”

See original article on scmagazineuk.com

Copyright © SC Magazine, US edition


 
 
 
Top Stories
Westpac interim CIO resigns
Group CIO yet to be appointed.
 
Earning the right to innovate
Breaking down the barriers to innovation is a long, but rewarding process, says Bank of Queensland Group CIO, Julie Bale.
 
A call for timely reporting
[Blog post] Businesses need incentives to keep customer data secure.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  26%
 
Application integration concerns
  3%
 
Security and compliance concerns
  28%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  5%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 896

Vote