Up until now, many people think that cyberattacks just amount to stolen credit card numbers or computer viruses or something. That’s not really the case. While your Mastercard and MacBook are valuable things to protect, the technology that relies on the industrial internet are much more valuable. That includes things like high-speed trains, water treatment facilities, and nuclear power plants. The list goes on and on.
The scary truth of all this is that the list is about to grow exponentially, as new internet-connected technology comes into play. The reality of the internet of things is that connecting more things to the internet means creating more vulnerabilities. “Current threats include economic transactions, power grid, and air traffic control,” Mark Nall, a program manager for NASA, told Pew. “This will expand to include others such as self-driving cars, unmanned aerial vehicles, and building infrastructure.”
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Digital technology has opened many new doors for organizations, enabling greater brand engagement and innovative customer experiences. But, at the same time, it has also exponentially multiplied the points of vulnerability for data breaches and theft of proprietary data. With the increased use, integration, and interconnection of mobile devices, security is even more imperative. This is particularly vital for marketers who must incorporate security into their strategic marketing plans and determine how new security solutions can deliver valuable customer insights.
One of the most important defenses any company has against cyber threats is a widespread and deeply rooted culture of security, shared by all employees, that is bolstered by exemplary leadership, regular training, strong policies and enforcement.
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Bob Foreman’s architecture firm ran up a $166,000 phone bill in a single weekend last March. The swindle, which on the web is easier to pull off and more profitable, affects mostly small businesses and cost victims $4.73 billion globally last year.“I thought: ‘This is crazy. It must be a mistake,’ ” Mr. Foreman said. It wasn’t…
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Cybersecurity breaches such as those at Target (TGT), Home Depot (HD), and JPMorgan Chase (JPM) are expensive and embarrassing. While attacks may come from outside hackers, the FBI recently issued a warning that internal hacking from current and former employees poses the biggest threat—and is on the rise. The FBI recommends companies take additional security precautions such as changing their passwords more often.
There may be a simpler way: Pay employees more to keep them from becoming disgruntled in the first place.
The rise in employee hacking is just a new wrinkle in the ever-present epidemic of employee theft. Studies have documented the many reasons why employees steal: personal predisposition, economic need, workplace culture, or often a misguided sense of fairness. According to Queens University business professors Liane Greenberg and Julian Barling (PDF), workers often steal when they feel their employment relationship is unfair. They might see stealing as justified because it restores moral order. That attitude is most common when employees consider themselves underpaid, and Greenberg and Barling cite studies that show employee theft increased when pay was cut with no explanation.
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