Virtually Every Organization Is a Potential Cyber Crime Target

“A recent report calculated that small and medium-sized businesses and local government institutions are losing, on average, $100,000 to $200,000 per day to cybercriminals who perpetrate fraudulent electronic funds transfers.”   New York Law Journal, 4/14/2010

• Data breaches impact mid-sized companies, multi-nationals, educational institutions, nonprofit groups and health care organizations, as well as federal, state and local government. 
• Regardless of size, any organization with customer, employee, client, student, patient or business partner data is a likely and, far too often, vulnerable target.
• While some information breaches originate with disgruntled employees or dishonest business partners, an estimated 90+ percent of all compromised records are linked to organized criminal groups.

“With even the most security-conscious organizations proving vulnerable to cyber criminals’ increasingly aggressive tactics, groups of all sizes are partnering with outside experts to secure their data and ensure they can respond at a moment’s notice should a breach occur.”  Mike Moran, Cyber Theft Solutions