“In the event of a cyber breach, companies’ losses extend far beyond just monetary value. Their reputation and customers’ trust – areas that take time and effort to develop – will also be damaged,” says Sanjay Rohatgi, senior vice president at Symantec APAC.
“When a cyberattacker successfully compromises an internal network, he can steal any credentials that will help maximise his profits. This could mean stealing online banking credentials, sensitive personal data or other passwords. Once compromised, cyberattackers can use any stolen information to spread their malware further, or even sell them on underground forums.”
Read the full article on “Financial Cyber Threats Loom Large” to find out how adopting a robust defence against malware is the best move businesses can make to reduce the risk of infection.
“Empowering Enterprise” is an ongoing Ingram Micro series published in every Wednesday’s edition of The Business Times. It aims to provide news and thought leadership on the latest developments in cloud and security.
The series is produced in partnership with the following vendors: Dropbox, Microsoft, VMware, Cisco, IBM, Progress, Symantec, Barracuda, Dell EMC, FireEye, Hewlett Packard Enterprise, Juniper Networks, Lenovo, Menlo Security, Adobe, BitTitan, DocuSign, NSFOCUS and Veritas.
This post may contain excerpts from an article entitled“Financial Cyber Threats Loom Large” published in The Business Times on 27 September, 2017.