5 Considerations for Evaluating Your Ecommerce Cyber Crime Risk

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Major data breaches like Facebook, Yahoo or Google clearly represent high-value targets for hackers, but this shouldn’t lull smaller companies into thinking their data is immune from bad guys. What if a ransomware attack shuts down your ecommerce site, contact centers and warehouse operations, leaving you dead in the water?

Insurance giant Marsh & McLennan and IBM surveyed 1,141 executives from small to mid-sized organizations across North America and found that while they’re clearly concerned about cyber risk, they fail to grasp how to protect themselves. While admittedly both companies are selling solutions to cyber crime issues, we feel they highlight some very real problems. Let’s look at some of the conflicting responses:

ON ONE HAND:

  • Almost 60% said they consider cyber crime to be one of the top five risks they face
  • 78% said they were highly or at least fairly confident their organization could manage and respond to a cyber attack
  • 82% said they were highly or at least fairly confident of their ability to understand and assess a cyber attack

ON THE OTHER HAND:

  • Only 18% said they had developed a cyber incident response plan
  • 34% said they had conducted a…

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