Why Smaller Companies Are Cyber Crimes Sweet Spot
These are challenging times for small- to-midsized businesses (SMB), even without the added complications of cyber crime. In an economy struggling to gain momentum, many SMBs are operating on razor thin margins, with as few employees as possible, waiting for an upturn in consumer demand or at least a downturn in economic uncertainty. In this context, the news that SMBs are increasingly being targeted by cyber criminals can feel like adding insult to injury.
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Threat of 'Spectacular' Cyberattack Looms: Official
The U.S. is facing unprecedented cyber threats. And businesses and government are at risk, said Eric Rosenbach, Deputy Assistant Secretary of Defense for Cyber Policy in an interview with CNBC.
"I read my intel brief every morning at 5:30 a.m. and it's never a very good news story at all," Rosenbach said.
The black market for cyberweapons, which can be used to attack critical infrastructure, banks, or personal networks, is growing rapidly, Rosenbach said.
"CEOs need to understand the mounting threat, consider the risk and plan accordingly," Rosenbach said. "You are naive if you are not factoring some aspects of cyberrisk into your business plan."
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