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Security: One-third of Companies Fail at Basic Cybersecurity
Many businesses have traditionally assigned low priority to security. Unfortunately, while getting security right is hard, overlooking the details can lead to painful consequences.
A report by Mastercard Company RiskRecon and the Cyentia Institute found that security issues to be a common problem for many companies.
For example, the report found that one-third of companies expose common network services like data storage, remote access and network administration to the internet. Exposing databases to the internet is a common issue — for example, unprotected S3 buckets, and MySQL databases are frequent culprits. Elastic Search and Mongo DB services are also often targeted.
Businesses can also be hacked because they fail to keep current with software patches and don’t implement SSL web encryption.
Kelly White, CEO and co-founder, RiskRecon, said that “blocking internet access to unsafe network services is one of the most basic security hygiene practices. The fact that one-third of companies in the digital supply chain are failing at one of the most basic cybersecurity practices should serve as a wake up call to executives and third-party risk management teams. We have a long way to go in hardening the infrastructure that we all depend on to safely operate our businesses and protect consumer data.”
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