CYBERSECURITY FOR COMPANIES IN THE TECHNOLOGICAL AND INNOVATION SECTOR

Protect your intellectual property and sensitive data.

Technology Providers, Research Labs and High Tech Companies are facing more challenges than ever before to secure their data and services from cyber attacks. A majority of these companies rely solely on the internet, web applications or internet-facing systems to operate, which increases the extent of the damages that can be done by an attacker.

 

These cybercriminals often seek to disrupt the availability of the services – which only acts as a smokescreen, allowing them to compromise critical data and intellectual property that can later be used for industrial espionage or even be sold to malicious actors. Attackers will aim at any weak entry point in your system in order to reach potentially critical internal systems, which is why it’s important to regularly evaluate the cybersecurity of your Internet-facing systems, as well as testing your internal system for vulnerabilities in the event that a hacker breaches your external security.

Cybersecurity Challenges Faced in the Technology and Innovation Industry

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Meeting PCI-DSS requirements for card payment processing.

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Securing Internet-facing applications and systems from a breach that can spread to internal systems.

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Maintaining systems and applications secure while improving features and providing accessibility of the service on all devices.

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Securing critical customer data and intellectual property from a breach.

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Implementing and securing the latest technological innovations to compete with competitors.

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Maintaining the availability of the service in the event of an attack.

The Impact of a Cyberattack In the Technology Industry

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Yahoo
(American Web Services Provider)

Was hit by the largest data breach in history, compromising the information of all it’s 3 billion users - forcing them to pay $35m in legal fees, as well as $50m to reimburse their paid users. This breach compromised information such as names, email addresses and passwords, allowing the attackers to attempt identity theft and account theft using the retrieved information. This compromised data quickly appeared for sale on the “Dark Web” - a hidden side of the internet which can only be accessed through specific channels and applications, often used for illicit operations.

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VFEmail
(Email Service Provider)

Recently suffered a catastrophic cyber attack which caused the destruction of its entire infrastructure - including its database and backups - essentially putting the provider out of business. All existing users who logged into the platform following the attack found that their emails had been entirely deleted. It is still unclear what might have caused the intrusion of the attacker, but specialists in the industry have suggested that a flaw tied to the Operating System’s container management used by the provider might have been the entry point for the hackers.

These incidents demonstrate the importance of regularly testing the security of your systems to identify and correct your vulnerabilities before suffering a catastrophic incident or a costly data breach.

Quick Assessment of your Cybersecurity with 6 Questions

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Is your payment processing system PCI-DSS compliant?

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Is there a system in place to detect intrusions?

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How often are Manual Penetration Tests performed on critical systems and databases?

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How often are systems and databases backed up?

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Are there systems in place to prevent sophisticated attacks?

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What systems and procedures are in place to mitigate the impact of a cyber attack?

If you could not confidently answer most of these questions, we recommend re-evaluating your systems and procedures in place to mitigate the eventuality of a cyber threat. Whether it’s for the integration of new technologies, the implementation of a new feature or simply to assess the security of your systems that were assumed to be secure, It is fundamental to regularly perform manual penetration tests to identify your risks of being affected by a damaging cyber attack and to correct your vulnerabilities before they are exploited.

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