Recent reports on data loss have revealed that 2008 had at least 90 confirmed data breaches with over 285 million compromised records. In fact, there were more compromised records in 2008 than in the four previous years combined.

Of the businesses hit by data breaches, two-thirds were retail and financial firms. Eighty percent of the businesses that reported data breaches were not compliant with the Payment Card Industry - Data Security Standard (PCI - DSS). Many of those organizations could have prevented the security breach and subsequent loss of revenue, credibility and cash flows with marginal improvements to their security systems.

There are two major reasons for the sharp increase that all small business owners will understand: supply / demand and economic slowdown. The market for credit card numbers and account holder names is saturated, driving the price for these commodities from $16 per record to $0.50 per record, and with economies around the world slowing criminals need to work a little harder to "earn" their keep.

We've learned cyber criminals have improved tools and processes to execute complex attack strategies that can outdo any security system that doesn't have a comprehensive defense structure to protect network, endpoints, and data from attack and potential loss. The time for proactive planning is long over. Small Business owners and managers that don't have systems in place are jeopardizing their business and their credibility.

{rokintensedebate}

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