1 in 3 SMEs say they needed
Large enterprises are beginning to
As part of our Inaugural CybSafe Supplier Cyber Security Study, we looked into the cyber
1 in 3 SME suppliers said they’d needed
The findings should come as no surprise:
2013’s most notorious cyber attack
The attack in question involved more than one company, but the company hit hardest was US retailer Target.
Over a period of two weeks in November 2013, Target inadvertently fed the financial details of 40 million customers into the hands of
At the time, Target was a publicly traded company with more than 1,770 stores and revenues topping $70 billion. Target had trained its people and invested in advanced technological
So the attackers didn’t begin by attacking Target at all. Instead, they started their attack with Target’s air conditioning supplier.
How to defraud a retail giant
All it took to penetrate the supplier’s
The eventual cost to Target is estimated to be between $US 420 million and $US 1 billion. So it’s little wonder that large enterprises are increasingly enlisting suppliers that give
Enterprises demanding cyber secure suppliers
Whilst it’s true that large enterprises are beginning to focus on supply chain
SMEs taking proper cyber security precautions will win more contracts, as our new research suggests. And enterprises enlisting cyber secure suppliers will become more resilient – in turn becoming more attractive companies to do business with.
From a wider perspective, that means fewer
CybSafe is a leading provider of GCHQ-accredited
CybSafe helps businesses of all sizes to improve
Request a free demo today to find out more today about how CybSafe can help protect your business.