Cyber attacks: big impact on small business

Many small firms know little or nothing about cybersecurity, according to the National Small Business Association, despite the prevalence of data thefts.
The trade group reported that:
44% were victims of cyber attack
59% of those attacked incurred a service interruption
$8699 was the average cost associated with the attack, among those targeted

Over the last few years, cyber security has become extremely vital for public as well as private enterprises as cyber-attacks have become more organized and sophisticated. In addition, the number of state sponsored attacks across the globe has surged. The prime motives steering cyber-attacks are monetary benefit and access to secret information of an organization. Banking and financial services sector has been the prime target of cyber criminals over the last five years, followed by IT & telecom, defense and Oil & Gas sector. Therefore, investments on cyber security by these countries are expected to witness a rapid increase over the next five years.

According to “Global Cyber Security Market Forecast & Opportunities, 2020”, global cyber security market is projected to surpass USD123 billion by 2020.
After an overwhelming response across the globe and over increasing demand of Information Security specialists; Elknice Solutions launched its Advance Program on Information Security.

Information security is a stable and growing profession. Information security professionals are very stable in their employment; more than 80 percent had no change in employer or employment in the past year, and the number of professionals is projected to continuously grow more than 11 percent annually from 2014 to 2019.

The Advance Information Security program covers the technologies:
*Certified Information Security Expert (Ethical Hacking)
*Network Security
*Exploit Writing
*Penetration Testing
*Wi-Fi Hacking
*Laptop Security

We tailor solutions that maximize the security and resiliency of information management systems and the people who use them.

.:In addition, you will also be awarded with Information Security Certificate on successful completion of the Program. Free launch inclusive.

.:Date: 1st – 2nd of August, 2015 &
8th – 9th of August, 2015. (It’s 4Sessions of 2Weekends)
.:The Fees for the complete program is N20,000 (Twenty thousand naira only).
30% discount for the first 5 registered participants.

.:Elknice Solutions is a Registered ICT company.

.:For further enquires kindly call +2348070774214 or visit:
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.:Thanks.

Are you trying to raise another generation of criminals?

Enroll Now!

mankand:
Are you trying to raise another generation of criminals?

Nope Mr.!

This is a Career!

You can bé trained as a data Security Analyst, Snr. Securuty Expert or Security Professional.

We are now in a Digital Economy where Information and Information System is very vital and have to bé protected against attackers!

This is what the training is meant for not to raise criminals but to defend ur data network.

elknice:


Nope Mr.!

This is a Career!

You can bé trained as a data Security Analyst, Snr. Securuty Expert or Security Professional.

We are now in a Digital Economy where Information and Information System is very vital and have to bé protected against attackers!

This is what the training is meant for not to raise criminals but to defend ur data network.

Nigeria is not yet mature for an institution to offer such training to the public bearing in mind that majority of the people are unemployed. When the knowledge gets into the wrong hand you know what I mean.

I am also a cyber security consultant

mankand:


Nigeria is not yet mature for an institution to offer such training to the public bearing in mind that majority of the people are unemployed. When the knowledge gets into the wrong hand you know what I mean.

I am also a cyber security consultant

Alright Sir!

Buh by taking interest in your privacy and safety, you have proven yourself to bé above the rest. You can never have enough information. Information is power and the more informed a user become the less likely you are to fall prey to the sharks of the internet.

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I won't go into too much details here, but don't put all your eggs in the cyber security basket. It may be hot now, but think long term.

Fulaman198:
I won't go into too much details here, but don't put all your eggs in the cyber security basket. It may be hot now, but think long term.

Aiit sir!

Buh the world now has become digital. Information is power!

Information security is a stable and growing
profession. Information security professionals are
very stable in their employment; more than 80
percent had no change in employer or employment
in the past year, and the number of professionals is
projected to continuously grow more than 11
percent annually from 2014 to 2019.

elknice:


Aiit sir!

Buh the world now has become digital. Information is power!

Information security is a stable and growing
profession. Information security professionals are
very stable in their employment; more than 80
percent had no change in employer or employment
in the past year, and the number of professionals is
projected to continuously grow more than 11
percent annually from 2014 to 2019.

Information technology and Engineering will always be around, but not every field in tech is around for ever. Please head these words. We must think 10 - 15 years down the road.

Noted.

Thanks!

Enroll Now!

.

Fulaman198:
I won't go into too much details here, but don't put all your eggs in the cyber security basket. It may be hot now, but think long term.

I think cyber security is the future...

In the nearest future,more information will be carried out online and more people will try in their best to compromise the security of the transmission network thereby giving work en mass to cyversexurity experts.

I'm not talking of certification type guys ooo but those that know their onions and that are always ready to deliver.

baba11:

I think cyber security is the future...

In the nearest future,more information will be carried out online and more people will try in their best to compromise the security of the transmission network thereby giving work en mass to cyversexurity experts.

I'm not talking of certification type guys ooo but those that know their onions and that are always ready to deliver.

Thanks sir for the info!

I absolutely agree with your point.
Cyber Security is the future and that for those who are always ready to deliver.

Kudos!

elknice:


Thanks sir for the info!

I absolutely agree with your point.
Cyber Security is the future and that for those who are always ready to deliver.

Kudos!

You're welcome sir!!!!!!!!

baba11:

I think cyber security is the future...

In the nearest future,more information will be carried out online and more people will try in their best to compromise the security of the transmission network thereby giving work en mass to cyversexurity experts.

I'm not talking of certification type guys ooo but those that know their onions and that are always ready to deliver.

If security encryption algorithms are fixed, then what? I personally believe that Nigeria instead of using fragile American security, should use their own encryption standards.

I'm not going to go much more into detail, but I feel that security is easy to fix, but some people just don't want it fixed. I could write pages on this, but I'll keep it to myself.

baba11:

I think cyber security is the future...

In the nearest future,more information will be carried out online and more people will try in their best to compromise the security of the transmission network thereby giving work en mass to cyversexurity experts.

I'm not talking of certification type guys ooo but those that know their onions and that are always ready to deliver.

I think u are right, with companies investing in solutions that allow them run their ICT tasks at lower cost, there are likely going to be more job loss in the future. Card payment processing, PBX, Network managents are all software based these days. Cyber security and database management is the hot potato of the future. My narrow minded opinion.

Fulaman198:


If security encryption algorithms are fixed, then what? I personally believe that Nigeria instead of using fragile American security, should use their own encryption standards.

I'm not going to go much more into detail, but I feel that security is easy to fix, but some people just don't want it fixed. I could write pages on this, but I'll keep it to myself.

I want to learn...don't keep it to yourself


Which other means can we communicate outside here...whatsapp?

I sent you a pm!!!

persius555:
I think u are right, with companies investing in solutions that allow them run their ICT tasks at lower cost, there are likely going to be more job loss in the future. Card payment processing, PBX, Network managents are all software based these days. Cyber security and database management is the hot potato of the future. My narrow minded opinion.

Yea definitely, that's how it is!!!!

Fulaman198:


If security encryption algorithms are fixed, then what? I personally believe that Nigeria instead of using fragile American security, should use their own encryption standards.

I'm not going to go much more into detail, but I feel that security is easy to fix, but some people just don't want it fixed. I could write pages on this, but I'll keep it to myself.

They say whoever plays the pipe dictates the tune. If nigeria of all countries goes ahead to adopt a higher encryption algorithym standard and most hardwares dont support them due to american standard regulatory bodies, aint we going to put ourselves in a tight corner. I am not sure nigeria produces any of these hardwares. About three years ago, an isreali company designed a encryption software for an offshore bank in the US, this was at the height of terror attacks against american allies. The Fbi traced some of the terror sponsored accounts but were unable to decrypt the encryption algorithym behind the softwares. Since then, encryption and industrial application of cryptography has been subjected to tight regulatory framework by the US govt. Cryptography standard used for ICT infrastructures in itself is an entity of the united states through the Federal Information Processing Standard FIPS. They own majority share of the hardware market, they designed the internet as it is, so they control what goes in and out.

persius555:
They say whoever plays the pipe dictates the tune. If nigeria of all countries goes ahead to adopt a higher encryption algorithym standard and most hardwares dont support them due to american standard regulatory bodies, aint we going to put ourselves in a tight corner. I am not sure nigeria produces any of these hardwares. About three years ago, an isreali company designed a encryption software for an offshore bank in the US, this was at the height of terror attacks against american allies. The Fbi traced some of the terror sponsored accounts but were unable to decrypt the encryption algorithym behind the softwares. Since then, encryption and industrial application of cryptography has been subjected to tight regulatory framework by the US govt. Cryptography standard used for ICT infrastructures in itself is an entity of the united states through the Federal Information Processing Standard FIPS. They own majority share of the hardware market, they designed the internet as it is, so they control what goes in and out.

Finally someone who gets it lolllll. I didn't want to say this before. It's true what you said, but I didn't want to say any of this because you know, well someone is watching lolll. In any case, whoever plays the pipe dictates the tune. I'll leave it at that, but I'm glad that you fully understand how I think.

persius555:
They say whoever plays the pipe dictates the tune. If nigeria of all countries goes ahead to adopt a higher encryption algorithym standard and most hardwares dont support them due to american standard regulatory bodies, aint we going to put ourselves in a tight corner. I am not sure nigeria produces any of these hardwares. About three years ago, an isreali company designed a encryption software for an offshore bank in the US, this was at the height of terror attacks against american allies. The Fbi traced some of the terror sponsored accounts but were unable to decrypt the encryption algorithym behind the softwares. Since then, encryption and industrial application of cryptography has been subjected to tight regulatory framework by the US govt. Cryptography standard used for ICT infrastructures in itself is an entity of the united states through the Federal Information Processing Standard FIPS. They own majority share of the hardware market, they designed the internet as it is, so they control what goes in and out.

Thanks for your post sir!

kudos!

information is power!

.

Enrol Now!

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Top Ten Most Expensive Network Attacks in History

An interesting article in The Business Pundit filed by "Julian" documents the author's picks for the top ten most expensive cyber attacks in history.
While quantifying the cost of a cyber attack over the long term is admittedly subjective on some levels given that the scope of the impact may not be readily reportable and that additional collateral damage is difficult to pinpoint, the author does manage to assemble a viable list of what is arguably some of the most devastating network attacks to date.
A brief summary of the top ten list is as follows:
10. Citigroup
• 2011- "Over 200,000 customers’ names, contact details, account numbers and other information were compromised in the attack, as the thieves made off with $2.7m from credit card accounts. That’s a bad day at the office..."

9. Titan Rain
• 2004 - "Titan Rain is the FBI code-name for an extensive series of infiltrations into US military security, companies such as Lockheed and even NASA. It is believed to have been perpetrated by cells of operatives on behalf of the Chinese government, although it is unknown whether this is actually the case or whether these were simply the actions of rogue hackers...

8. Heartland Payment Systems
• 2008 - "By secretly infesting the company’s computer network with spyware, the criminal gang responsible were able to steal over 100 million individual card numbers... As for Heartland, the episode ended up costing them around $140m..."

7. Hannaford Bros
• 2007 - "Over 4.2 million credit and debit card numbers were exposed, along with other sensitive information. This feat of cyber-criminality was achieved through the installation of malware on store servers, which stands in contrast to the more common tactic of hacking company databases. Experts table the costs incurred at an estimated $252m..."

6. TJX
• 2005 - "The gang were able to get their hands on over 45 million credit and debit card numbers, a selection of which they then used to fund a multi-million dollar spending spree from Wal-Mart’s stock of electronics equipment. Initially estimated at around $25m, the damage from the data-breach ended up costing over $250m in total..."

5. Sven Jaschan
• 2004 - "Sven Jaschan unleashed a virus which infected millions of computers around the world... An estimated $500 million worth of damage was generated...

4. Michael Calce
• 2000 - "Calce, aka MafiaBoy, conducted notorious attacks against huge companies with high levels of security. Amongst those attacked were computer manufacturer Dell, media giant CNN, and shopping sites Amazon and Ebay. Prosecution for the estimated $1.2bn worth of damage..."

3. Sony
• 2011 - "The personal information — including credit and debit card data — of tens of millions of users was stolen by an as yet unknown group of assailants. Experts predict that the damage may range from $1 to $2bn..."

2. Epsilon
• 2011- "Epsilon is another as of yet undetermined candidate for the costliest cyber-heist of all time. The Dallas-based firm provides marketing and email-handling services to organizations as large as Best Buy and JP Morgan Chase... Estimated at having a potential cost that ranges from $225m to $4bn..."

1. The Original Logic Bomb
• 1982 - "The US managed to blow up a Siberian gas pipeline, creating a monumental and historically unprecedented method of explosion. The method used, known as a “logic bomb,” involved the insertion of a portion of code into the computer system overseeing the pipeline, causing computational chaos..."

For more details on each of the attack, see the full article filed by "Julian" at The Business Pundit here:
Source: http://www.infosecisland.com/blogview/14787-Citigroup-Lost-27-Million-in-May-Hacker-Attack.html

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