60 Minutes Story Claims 97 Percent of Businesses Have Already Been Hacked

60 Minutes Story Claims 97 Percent of Businesses Have Already Been Hacked

cloud securityAccording to a story on CBS 60 Minutes, 2014 is becoming known as the “year of the data breach.” The theft of 40 million credit cards from Target late last year was followed by news of a breach at Michaels stores involving more than two million credit cards. Then came P.F. Chang’s. And in September, Home Depot announced that 56 million of its customers’ credit card numbers were stolen.

Dave DeWalt, CEO of cybersecurity firm FireEye, who was featured in the story, says that, “Even the strongest banks in the world– banks like JPMorgan, retailers like Home Depot, retailers like Target — can’t spend enough money or hire enough people to solve this problem.”

He continues, “Most of the large companies are growing their security spending. Yet 97 percent — literally 97 percent of all companies — are getting breached.”

Yes, 97 percent.

Another startling fact revealed in the story: On average the breaches from the time of infection, from when the bad guys get in to the time they are discovered, is a whopping 229 days. And most of the breaches are discovered by someone outside the company. Don’t let your customers be the first to alert you to a security breach.

Bottom line: Breaches are inevitable — Hackers will get in. Just don’t let them get access to important data. Don’t let them get back out with valuable data. Detect it sooner, respond to it sooner, and you will reduce your exposure.

ACE IT Solutions’ Managed Security Services, offered in partnership with IBM, provide a simple and cost-effective way to limit potential threats 24×7. Through our partnership with IBM, ACE IT Solutions leverages one of the world’s largest collections of security information to combine advanced analytic capabilities into cloud-based security services that can be mixed and matched according to each business’ specific needs.

IBM monitors, in real time, some of the most complex corporate networks in the world. They have developed some of the most sophisticated testing tools in the industry and their team of highly-skilled security professionals is constantly identifying and analyzing new threats, often before they are even known by the world at large. In fact, IBM maintains the largest single database of known cyber security threats in the world.

Contact us at 646.558.5575 to set up a free security health check/vulnerability scan and know where you stand. Don’t let your customers be the first to discover a breach.

Watch the 60 Minutes story on Cyber security here: http://www.cbsnews.com/news/swiping-your-credit-card-and-hacking-and-cybercrime/