Last week, a critical flaw in how our devices operate was exposed to the public. These weaknesses, now known as “Meltdown” and “Spectre” have revealed a loophole in the security structure of our devices; including computers, personal laptops and mobile devices alike. What’s even more frightening than that, however, is the fact that these structural flaws had previously gone undiscovered for two whole decades without being resolved. If flaws as critical as these can go unnoticed for so long, it’s only a matter of time before more insecurities are discovered and exploited.
A Data Breach in the small business space is no longer a question of if, but rather when it will happen. Nearly 50% of attacks are targeted towards small businesses because of the notorious lack of security strategies to protect against them. Nearly all recent attacks that have occurred could have been prevented with proactive security strategies, such as implementing patches and updates as soon as they become available. At the very least, have a mitigation plan for a worst-case scenario data breach. 60% of small companies go out of business within six months of a cyber-attack because they have no plan for mitigation in place.
The Meltdown and Spectre weaknesses reveal a very scary realization for most companies. True and complete security is unattainable. Bugs in our systems are constantly being found and flaws as critical to internal structure such as Meltdown or Spectre will only continue to be discovered as technology advances. The key to creating stronger defenses within your company is to be on the offense when it comes to security. Active monitoring, diligent patch cycles, and periodic user training is critical to creating a secure environment. After all, over half of all data breaches are caused by user error, not malicious cyber-attacks.
Don’t fret, however, with a dedicated Managed Service Provider at your side, you need not worry about being on top of your company’s security at all times. Strong security strategies often include features such as:
· Perimeter protection and 24x7 monitoring
· Network security protocols
· Endpoint protection against Malware and Viruses
· Data retention policies
· Meticulous updating and patching schedules
As malicious attacks and technology continue to evolve, it is critical that we adapt our security practices to be proactive in preventing devastating breaches. The Meltdown and Spectre flaws are just another example of how new security weaknesses are being discovered and exploited every day. As your partner in Managed Services, it’s our job to make sure that these inevitabilities don’t affect your business. Find out more about our Infotect Consulting and Assistance Program (ICAP) here.