The Identity Theft of Small and Medium Enterprises
Hackers are quick to identify a weakness and follow where the most money can be made. It seems that hackers have identified small and medium enterprises (SMEs) as a prime target:
“More than 200,000 British businesses have already fallen victim to identity theft and thousands more could be at risk, according to a survey of 200 SMEs carried out on behalf of Close Invoice Finance, part of the Close Brothers merchant banking group.
The findings appear to show that organised criminals are now turning their attention from the well-documented personal identity theft to the corporate market, with small and medium sized businesses top of their hit list…”
link: Thousands of SMEs risk identity theft
These enterprises do not have the staff nor the budget to dedicate to what is required in terms of security. The advantage is to the hackers. Furthermore, phishing attempts directed at individuals have limited financial gain. It is limited by the amount of the victim’s bank account. An identity theft of a business enterprise, on the other hand, can be compared to having an open check book. The ill-gotten gains with such a breach of security is limited only by the hackers’ imagination.
Catherine Forsythe
Tags: data breach, hackers, identity theft, phishing, privacy, security, small and medium enterprises
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