Paulius Petretis, leading cyber security expert outlines some of the greatest cyber security threats that businesses need to be alert to in order to protect their companies and clients.
Vilnius, Lithuania – January 21, 2017 – Paulius Petretis, CEO of VORAS Consulting posted a new article on the company website entitled “Cyber Security Threats and Trends To Watch For This Year” in which Mr. Petretis reviews the growing and very real threats.
Petretis writes, “It’s never been more important to secure your company against cyber-attacks.” He continues adding, “With hackers increasingly getting tougher in their scrutiny of cyber defenses, security is just one aspect of being prepared for these types of threats. There are policies and practices to adopt, insurance as well as legal ramifications to understand regarding the security of valuable information and client data.”
According to Petretis, “Companies both large and small have embraced the cloud and open source is now the standard for infrastructure software. And it’s no surprise that both create unique blends of benefit and risk.” Petretis elaborates, “When you consider that the average cost of a data breach for companies grew from $3.8 million last year to $4 million in 2016, a major attack or failure could be merely problematic or devastating.”
“With each year presenting more sophisticated attacks,” says Petretis, “we can certainly expect an increase in the number of cyber-attacks based on open source vulnerabilities.” He offers several examples, beginning with DDoS attacks on IoT devices. Petretis writes, “Cybercriminals will target all manner of internet-connected endpoints such as surveillance cameras and employ them in DDoS attacks.”
Additional Petretis talks about the lack of experience required to be a dangerous hacker. He points out that “The tools hackers and cybercriminals use are readily available and are easily within reach of anyone who wants them and has the money to pay.” With that in mind he states, “It’s easy to see that this trend will continue to grow.”
The entire article can be read here
Paulius Petretis is an Information security expert, Certified Information Systems Security Professional (CISSP®), Certified Information Security Manager (CISM®), Certified Information System Auditor (CISA®), Certified in the Governance of Enterprise IT(CGEIT®) and Certified in Risk and Information Systems Control (CRISC®), Guest speaker at various conferences and seminars, Trainer at information security related training courses.
According to the annual survey initiated by the Info Security Europe, a whopping 93% of large organizations and 76% of small businesses had at least a single information security breach in 2011. Only 18% of the organizations affected by the infringements related to data protection laws had a consistent and effective contingency plan in place. According to Paulius, information is not something static – it evolves and mutates every day. It is the ecosystem of every business and if a single cell fails, it can bring down the entire business.
Therefore ensuring a consistent and up-to-date information protection policy must be the priority for all businesses – no matter how big or small they are. As it might be unrealistic to believe that any young or experienced entrepreneur can be the jack of all trades, the really smart decision is to rely on specialists who dedicate their professional lives to getting to know everything there is to know about protecting important business information.
With more than 16 years of experience in helping people, small businesses, and government organizations to protect their business secrets, Paulius believes that information security must help businesses achieve goals but not vice versa.