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An employee's self-interest is the most common data breach in a Merger and Acquisitions Providing proof that your I.P. and sensitive data has not been breached or compromised by employees will become the new requirement to close the deal. Press release Warrenville, Illinois, January 24, 2020 - The fear of the unknown encourages employees to take data. Everything from vendor files, pricing, customer list, drawings, formulas, and intellectual property is at risk and more. There is no hierarchy as to whom or when. More than half of the employees who left or lost their jobs in the last 12 months kept confidential corporate data, and 40 percent plan to use it in their new position. Quest research found 90% of [...]
Mergers and acquisitions (M&As) are great ways to accelerate growth in industries, but they also pose a huge challenge, with increasing risks in cybersecurity rearing its ugly head. Businesses see cybersecurity issues as major flashpoints in hampering a deal or decreasing its value. Cybersecurity experts agree, and a huge part of this is endpoint security. A cybersecurity risk survey on M&As found that 63% of IT decision-makers surveyed agreed that there is a wide range of cybersecurity risks for mergers. More than half of them note that during any M&A, they find Internet of Things and operational technology devices unaccounted for before the integration. The staggering amount of data put at risk by these endpoint security issues can not only [...]
Over 50 % of data compromise is coming from your users! It is becoming one of the most significant threats to small and medium-sized businesses today. More, than half of all enterprise data now lives on endpoints, beyond traditional visibility and security tools centered on a network drive or central server. Human error accounts for over 32 % of sensitive data that mistakenly gets sent out. Another 39 % is done with malicious intent by disgruntled employees. Half of the employees who left or lost their jobs in the last 12 months kept confidential corporate data, according to IT BUSINESS EDGE, and 40 % plan to use it in their new jobs. The results show that everyday employees' attitudes and [...]
Why with all the IT support and cloud security is my company still vulnerable to data breaches? The answer is actually very simple. It is caused by human error! Your employees. What most companies fail to understand is that over 33% of your data breaches are simply created by employee error. The other 39 % are malicious behavior of disgruntled or terminated employees. Knowing this, cybercriminals create highly effective data scams that are all too convincing. It only takes a simple curious click in an email, on a website, and/or social media to activate a virus and ultimately cause a breach. Up until now the answer has been “educate your employees” on your IT policies and then hope they follow [...]
July 1, 2019 Mr. Ronnie L. Felder, Mayor City of Riviera Beach 600 West Blue Heron Blvd. Riviera Beach, FL. 33404 Dear Mr. Felder, The Ransomware attack on your city’s network was most unfortunate and there appears to be a growing outbreak of similar malicious activity elsewhere in Florida, including Lake City and Stuart. On June 21, 2019 a press release posted by the Boca Raton based Center for Information Security Awareness (CFISA) stated they have offered to provide free cyber security awareness training to the Riviera Beach City employees. /PRNewswire-PRWeb/ As the CEO of Armarius Software, I would like to assist by offering you a free 60-day Desktop Security Risk Analysis (DSRA) including comprehensive monthly reports that summarize [...]
Garrett Popcorn Shops says it guards its recipes so tightly that only three employees have access to the information. Allegedly the director of research and development saved the information to a USB drive and sent it to her personal email account. The information she sent herself included pricing, product processes, distribution agreements, supplier information, market research, and more, according to the suit. More than 5,000 files were wrongfully downloaded in the days before the termination, putting its secret recipes at risk. The release of Garrett’s secret recipes, formulas, and other trade secrets “would be severely detrimental” to its business and “cause irreparable harm,” the lawsuit states. How could this breach have been prevented? Armarius software could have proactively, prevented [...]