In the world of cybersecurity and data protection, we tend to think about most cyber incidents as being “data breaches” because that’s the term de jour that occupies news headlines. Because of this, far too many companies think that if they do not have valuable data that hackers would want to “breach,” so to speak, they do not need to be concerned about cybersecurity. While this is wrong on one level because all data has value to hackers, it is even more wrong on a much greater level.
There is a lot more to cybersecurity and data protection than just breaches of the confidentiality of data (i.e., “data breaches“). Hackers have shown a strong trend over the last couple of years of attacking the computer system itself and, as some call it, “bricking” company’s computers and/or data and demanding an extortion payment in exchange for their promise to honor their word and undo the damage (if they even can). This is the process underlying what is often called ransomware.
Do you see where I’m going with this? If not, let me see if I can simplify this process for you a bit with the question below: (1) If you still think your company does not have data that is valuable to hackers, and (2) You still think that means that your company does not need to focus on cybersecurity,
Can your company continue to do business if it is not able to use its computer system?
If you’ve seen the news today you see that the City of Atlanta has had many of its computer systems bricked by ransomware and those business operations that require the use of those systems are now shut down.
Now, let me ask you, “how many days can your company go without doing whatever it is that it does before it really begins to hurt?”
Still need more convincing? Ok, I addressed this issue in more detail in Chapter 5 of The #CyberAvengers Playbook (free to download) — go give it a read.
Shawn Tuma (@shawnetuma) is an attorney with an internationally recognized reputation in cybersecurity, computer fraud, and data privacy law. He is a Cybersecurity & Data Privacy Attorney at Scheef & Stone, LLP, a full-service commercial law firm in Texas that represents businesses of all sizes throughout the United States and, through its Mackrell International network, around the world.