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How businesses can neutralize cyber security threats in 2015

A series of high-profile breaches on companies like Sony, Target, and Home Depot, have exposed the costly impact of cyber-crime. According to security software firm McAfee, hacking is estimated to suck more than $445 billion U.S. from the global economy every year.

THE BIGGEST CYBER SECURITY THREATS IN 2015:

  • Spear phishing (targeted email) attacks
  • Remote Access Trojans (RATs) which are used to control a computer in another location
  • Mobile Devices loaded with eavesdropping malware in the form of trusted and free apps

Even Hollywood is paying attention as Universal's "Black Hat" brings computer crime to movie theatres. Global security expert, Gary Miliefsky is the Founder and CEO of SnoopWall - a counter-intelligence firm that developed software to protect personal data on cell-phones and tablets. He says there are several things every business needs to do now to avoid being a victim of cyber-crime.

AVOIDING A HACK ATTACK:

Miliefsky tells BNN it’s time businesses get proactive and assume they have vulnerabilities and malware. Starting with:

  • Training employees better
  • Hardening systems
  • Detecting and removing RATs
  • Deploying full disk encryption and real-time backups
  • Defending against phishing attacks
  • Managing the BYOD (Bring Your Own Device) dilemma

HOW TO PROTECT YOUR BUSINESS AND CUSTOMER’S ONLINE DATA:

  • Educate employees against social engineering and phishing attacks.
  • Make sure you encrypt computers, hard drives, databases and all the data.
  • Make sure you enforce better password management policies.
  • Run and test frequent backups and disaster recovery plans.
  • Create and manage corporate security policies around the standards such as ISO 27001 or COBIT.
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