Magazine article Information Management
A Megabyte of Prevention. (Up Front: News, Trends & Analysis)
Despite enormous growth in security software, hackers continue to break into business networks wreaking havoc.
Intrusion prevention is absolutely critical for every company, but especially for those with access to sensitive information. Experts say such organizations are particularly vulnerable to professional hackers, who can cost companies millions in lost revenue and productivity with each cyber attack. A 2001 Computer Security Institute (CSI)/FBI study reported that the average company loss due to vandalism and denial-of-service attacks is $2 million.
At the recent Internet Security Alliance Conference (ISAlliance) in South Carolina, experts urged companies to take a more holistic approach to cyber security with a clearly defined and implemented Internet security policy.
According to Robert D. Wice, AIG eBusiness Risk Solutions manager of underwriting, specific strategies--or risk management building blocks--can help companies avoid cyber-security breakdowns. For example:
* Personnel must be educated about Internet security and familiar with the company's security policies.
* A crisis management team should be in place and active.
* Ensuring that the company's technology is up to date can prevent security problems.
* By strengthening foundations within the company, security breaches can be avoided. …