The healthcare industry is one of the largest targets for cyber attacks. With an average breach cost of $7.13M, US healthcare has the highest cost of breach in the world. And with an average just shy of a year (329 years) to identify and contain cyber threats, a breach or attack can have long lasting operational effects.
And while the financial cost of a breach is the headliner - the real story lies in the operational disruption a breach will cause. Not only can a breach cause loss of sensitive data (patient), but day to day operations will also be disrupted which may include the interruption of 24/7 connectivity and web apps. IT resources will also be reallocated, leaving staff without access to business-critical systems and process.
In addition to operational disruptions, there's the potential for legal and regulatory liability. As well as reputation damage and loss of client trust which could impact future business.
The HSOC is equipped to help monitor threats 24x7x365 as well as implement assessment and strategy to inform your operations.
Banks and financial institutions are one of the greatest targets for malware attacks across all industries. Financial institutions house sensitive personal data, making them an alluring target for cybercriminals. Credential stuffing (attackers use known usernames and passwords) is a prevalent attack being utilized to gain access to user accounts and bombard websites and servers and critical IT infrastructure. Additionally, as more organizations move to cloud services in order to offset IT expenses, boost system uptime, and ensure safe data storage risk looms there as well. Even with these services, the responsibility to protect data ultimately falls on the financial institution and not the cloud provider.
As cyber attacks become more sophisticated and our digital world continues to expand, more regulatory compliance measures are being instituted to ensure the confidentiality of customer data. Keeping your organization in compliance and up to do date with regulatory rules is a must and more prevalent as cyber attacks become more sophisticated.
Our financial cyber experts in the SEQ|OPS can help assess where you're at, make industry and financial savvy improvements, and integrate a strong cybersecurity posture with your operations.
Educational institutions have several reasons to make cybersecurity a priority. In recent years, we’ve seen cyberattacks causing financial damages, student data and safety breaches, and widespread network disruptions and outages. As institutions turn more and more to virtual and online learning, the risk from exposure grows.
Educational institutions face major challenges such as lack of staffing, funding, and resources but cyberattacks are no less frequent or less severe with educational venues. Varying in size, purpose, and stature – motives can vary as well – making it vital to evaluate the specific risks to each institution and understand what data is vulnerable to compromise. Student information (both personal and financial) and disruption to learning are major risks. Additionally, institutions with research programs run the risk of a breech comprising important data.
The SEQ}OPS team specializes in securing data unique to educational institutions, blending strategic and operational considerations to create a comprehensive cybersecurity program.
Municipalities, cities, townships, and other governmental entities possess highly classified and vital data. Because of their central positions, attacks can target several different sectors including the police, fire, and other public services. Historically governments haven't been under attack as much as other sectors, however, as cybercriminals expand their abilities, governments cyber attacks have been on the rise. While the focus is primarily community based, it's important for such entities to focus on having an effective IT security policy in place. Often IT is the backbone to any governmental security programs, as they provide the framework and support for maintaining orders, handling technologies, and accomplishing organizational set goals. While handling all of that they also assist in reducing threats and preventing security breaches as well as serving as trainers for other employees to help manage risk.
With IT resources being asked to do more, budgets that won't allow for more resources, and other pressing priorities, governments have become a favorite target of cyber criminals. While some targets are strategic attacks to gain information that can be ransomed or sold, governments may also face the threat from hacktivism in which attackers are politically motivated.
Additionally, those entities wishing to work with government defense programs will need to be compliant with regulations in order to be eligible for award. The Cybersecurity Maturity Model Certification (CMMC) was released in January of 2020 by the Department of Defense in order to establish baseline requirements in cybersecurity for vendors. Meeting this compliance is a must for DoD contracts.
The SEQ|OPS team can help you establish your cybersecurity program and add resources to your existing team as well as provide security awareness training to staff to help mitigate incoming threats. We can also help your company become CMMC compliant so you don't miss any opportunities.
From manufacturing to legal, this are can encompass a number of industries and services. And while each presents their own challenges and risks, they are all facing a common danger: an increase in targeting by cybercriminals. In the past, only highly sensitive data and data rich industries were central targets, however, as cybercriminals become more sophisticated, their ability to cast a wider net grows as well. While we see groups in manufacturing face phishing attacks, supply chain disruptions, intellectual property theft, ransomware, and operations shut down - we see similar issues arise in other industries as well. Legal firms face all of this as well as social engineering, theft of sensitive and personal client data, risk of malpractice allegations due to poor security, and more. An attack or breach can be damaging, not only to current operations, but also future business as well. In industries where client trust is paramount, losing that due to a breach can cause loss of current clients who no longer feel their information is secure as well as future business.
Our experts in the SEQ|OPS can help you not only understand your current cybersecurity posture, but customize a plan that will secure the data most important to you and your clients.