Senior management must enforce compliance with regular periodic security reviews, or they will likely be held accountable and liable for any asset losses that occur.
Business Case Study
the TJX breach saw 𝟒𝟓.𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 credit and debit card numbers stolen from its systems over a period of more than 18 months by an unknown number of intruders. This TJX compromise was the worst ever involving the loss of personal data
It is important to learn that using WEP keys does not provide the level of protection home users need. WEP keys let devices on a network exchange encrypted messages with each other. Even though they are meant to be blocked from being easily decoded and read by outsiders, it can still be easily done. Still, 𝐭𝐡𝐨𝐮𝐬𝐚𝐧𝐝𝐬 𝐨𝐟 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 are using WiFI devices with a WEP key as protection. This protection can be compromised in seconds. It is important to remember that, the key comes as a default protection in wireless routers and should be disabled immediately.
90% of data breaches are caused by human error (TechRadar 2019). The yearly damage is significantly increasing and affects budgets, productivity, and security. SMBs equally fall victim, despite preventable measures, mainly due to the lack of knowledge and resources. So even your current system could be a hazard if it's outdated. Ensure that you consult with certified security professionals to mitigate cyberattacks.