The recent news coverage on cybercrime
continues to be alarming however are investors taking cybersercurity
seriously or just shrugging the news off?
Between these attacks there are
underlying areas which include online theft. This online theft is
aimed at stealing intellectual property, which is why companies
should be cautious and take cybersercurity more serious. Of course we
remember the news on cyberattacks from China that have been
circulating in news since earlier this year. This includes attacks on
major banks, news organizations, and technology giants. What this
article is aimed at is making companies, especially new companies,
aware of the fact that tech-driven start-ups and growth companies
that are often far more vulnerable to an attack.
So why are hackers aiming at these
young companies anyway? Well innovative companies, like Google and
Instagram, all were built on a foundation of intellectual property
rights! This means that they have little more than a few great ideas,
a unique business model and some computer code. This is easily
accessible to them as well.
A misconception companies have is
thinking that cybercrime is an expensive annoyance, or part of
politics, but in fact this is not the case. Cybercrime is, “a
potentially devastating blow to their brand and their competitive
position.” In other words it risk valuable property that can be
compromised. And instead of going up in their business they will go
down.
A study by Kaspersky Lab, which is a
technology security firm, found out that a Chinese hacking ring
infiltrated the servers of dozens of video gaming companies. One of
them includes a privately held company in the United States that
develops and publishes video games.
In the fast world of business you can
not just assume the executives running these private companies are
spending on digital security. From the article they explain what they
see as the answer: the truth is that some are behind the curve in
demanding protections against cyber risks, and unwittingly adding
significant risk to their own investments.
Melanie Maldonado
4/19/2013
2:35
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