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The biggest online shopping day of the year is traditionally the Monday after the Thanksgiving holiday (aka Cyber Monday). Employees may be stalking the best buys on the Net this Dec. 2, but beware: It’s also prime hunting ground for cyber thieves.
Companies need to be watchful as employees use their work computers to take advantage of enticing online deals, or to open holiday greetings and videos, because a simple click of the mouse may introduce security risks to a business’s networks.
64 percent of organizations see significant increases in cyberattacks on Cyber Monday, and only 23 percent of those attacks can be quickly detected and remedied, according to a study published in October 2013 by RSA and the Ponemon Institute LLC. RSA is a provider of intelligence-driven security solutions; Ponemon conducts studies on critical issues affecting the management and security of sensitive information about people and organizations.
One hour of downtime caused by a cyberattack could mean an average loss of almost $500,000, not counting brand damage and loss of customer loyalty. Unfortunately, precautions are often ignored. Nearly 70 percent of organizations do not take additional steps in anticipation of increased attacks, the survey found.
The findings are based on a survey Ponemon conducted in August 2013 with 1,161 experienced IT practitioners in the United States and the United Kingdom. The majority of respondents have full or partial responsibility for the security of their organization’s websites.
SolarWinds, a provider of IT management software, suggests the following best practices to lessen the security risks from Cyber Monday:
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