Companies without the necessary security safeguards in place - such as secure file sharing tools - stand little chance of keeping sophisticated cybercriminals from making off with corporate data or consumer information. All businesses are vulnerable to threats, so it is imperative that firms, regardless of industry or size, focus on ways to combat hackers from succeeding.
Everyone is likely familiar with the 2013 Target breach, proving that even the largest retailers can fall victim to an incident. Add Michaels Stores to the growing list of companies that have failed to safeguard consumer content. The company recently admitted that cybercriminals used malware to obtain payment information from Michaels and Aaron Brothers stores - a subsidiary - and have since contained the threat.
Chuck Rubin, CEO of Michaels, said the company's consumers are its top priority and apologized for the inconvenience that the incident may have had regarding their identity protection.
"In an era where very sophisticated and determined criminals have proven capable of successfully attacking a wide range of computer networks, we must all increase our level of vigilance. Michaels is committed to working with all appropriate parties to improve the security of payment card transactions for all consumers," Rubin added.
All it takes is one breach to sink a brand
Brands that experience a data breach will pay through the nose in more than one way. Once-loyal customers are less likely to patronize the business if their personal information was stolen, while the company itself may receive major fines for failing to follow certain industry compliance guidelines. It's truly a lose-lose situation for the victimized firm.
That is why it is imperative for organizations to address security issues as soon as possible. Secure file sharing solutions are one way that businesses can accomplish this goal. Sophisticated hackers are not the only way that data is exposed. In some cases, employee errors result in similar instances. For example, a worker may leave behind a USB drive or mobile device that contains corporate content or staff members may use insecure applications such as DropBox to send files to coworkers.
A secure file sharing solution is not only easy to use, but it also protects data that is sent between personnel, making sure that information is not left out in the open. This simple yet effective tool may be the difference between a breach occurring or not.