In the case of Target, a heating and air conditioning subcontractor was the access point. Office of Personnel Management, and T-Mobile were all hit over the last few years. In fact, accessing data via third-parties is how Target, the U.S. Your small business might have all the up-to-date protections and firewalls, but if someone you do business with-your inventory supplier, your transporter-has technological weaknesses, you too could be exposed. The reason that supply chain security is so important is simple: Any chain is only as strong as its weakest link. government is putting out informative videos warning companies of “the integrity of the supply chain.” The average cost of being hacked? A cool $36,000.Īnd this might just be the beginning: A Forbes “Future of Supply Chain” survey from last year showed that “data security/IT incidents” are the highest ranking and fastest rising concern among 1,408 respondents.
A Verizon Data Breach Report says that more than two thirds of all data breaches are waged against companies with fewer than 100 employees. These are big, scary concepts, and most small business owners likely don’t realize just how much they too are at risk for a hacking scandal.Īs more of our business continues to move online, companies of all sizes need to be just as diligent about cyber crime as they once were (and perhaps still are) about real-life robberies and theft. Whether it’s concerns about Russian influence in elections, North Korea’s ability to infiltrate corporate emails, or bugs and malware that attack businesses that are supposed to safeguard consumer information, hacking and cyber security are all over the news.
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