A 2013 whitepaper published by security firm Fortinet provides eye-opening details on the increasingly well-organized world of cybercrime that now features standardized pricing, polished branding, affiliate networks and zombie armies that can be rented for as little as $15/hour. Depending on the size of the botnet army, an incredible amount of damage can be done in an hour, making this one hell of a deal if your business is exploiting security flaws and stealing identities. Criminals have noticed the huge upside to cybercrime and, like they have always done, wasted no time investing big dollars and resources in this new “industry.”
What this means for you:
Overall, it’s unlikely criminals are outspending the big companies in the cyber arms race, but it’s almost a certainty that they are outspending and are better “armed” than most small and medium-sized businesses, especially ones that can’t (or won’t) afford the necessary investment in preparation and security. The most important thing you can do as a business owner that uses technology for any aspect of your business is ensure that you are taking the appropriate precautions and making the right security investments in your technology platforms. Keep in mind this doesn’t stop at buying hardware and software, but also includes training your employees as well as holding your vendors accountable for security as well.
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