5 Ways to Safeguard Your Company From Security Breaches

5 Tips to Protect Your Business From Data Security Breaches

 

Data Security Breaches

Data Security Breaches

 

Online data security breaches are continuing to increase every year and 2014 saw a record number of these attacks. Reports of security breaches around the world made headlines as numerous businesses discovered firsthand just how much damage a high-publicized breach can cause a business’s reputation. One of the hardest lessons often learned during a data breach is that security must be a top priority for all companies doing business online, irrelevant of size.

Studies found that the number of automated applications crawling and scanning websites outweigh the amount of human traffic, and that the websites of smaller companies receive up to 80 percent of automated scans. This rise in automation has made smaller businesses just as vulnerable as Fortune 500 companies. Going forward in 2015, here are five tips to protect your business from data security breaches:

 

software vulnerabilities

software vulnerabilities

1) Close the Gaps

Data breaches can occur on any area of a site that has a weakness that allows hackers to penetrate its systems. Specifically, there are two areas on all e-commerce sites that easy to hack: Cross Site Scripting, often referred to as XXS, and SQL, or Structured Query Language. Because most attacks are directed at website applications, a properly administered Website Application Firewall, or WAF, is high effective at thwarting these attacks.

Attacks on Cross Site Scripting occur whenever an application takes untrusted data from site visitors and sends it to browsers without properly treating, or validating, the data to check for malicious code. Cross Site Scripting is often used to highjack user accounts, change site content or redirect users to attack websites without the visitor’s knowledge. Many websites are susceptible to SQL-injection attacks, especially if their e-commerce application wasn’t properly constructed. This is easily done when attackers probe web applications with SQL queries in an attempt to extract data from the e-commerce application’s database.

 

Distributed Denial of Service

Distributed Denial of Service

2) Distributed Denial of Service

Some hackers take the brute-force method and flood websites with a high volume of automated traffic in an attempt to crash the site, called a “Distributed Denial of Service” attack. Just a single DDS attack can cost an e-commerce site over $400,000, and up to $40,000 per hour! This is a risk no business, of any size, can afford.

DDS attacks are frequently carried out with the hacker demanding a ransom to stop the attack. In other cases the DDS attack is simply used as a smokescreen to provide hackers with the time needed to probe websites for vulnerabilities. In either case, e-commerce businesses should employ DDS protection to identify and mitigate the effectiveness of an attack before it can take a toll on revenues. DDS protection is typically offered by hosting providers, so small-business owners should discuss options with their web-host provider.

 

Two-Factor Authentication

Two-Factor Authentication

3) Implementing Two-Factor Authentication.

According to Web giant eBay, stolen user credentials are one of the most common causes of data security breaches. Hackers use phishing, malware, social engineering and other techniques to discover usernames and passwords. Additionally, attackers often target administrators they locate via social networks by using spear-phishing attacks to secure confidential data.

Stopping this type of data security breach is as easy as employing a two-factor authentication method. After the standard login information, this second authentication factor is typically a code generated by an app or obtained via text message sent to the wireless phone of the user. While two-factor authentication has been in use for some time, expanding smartphone technologies have increased the options of two-factor authentication methods.

 

Web scanners

Web scanners

4) Website Scanning

Web scanners are a vital tool in detecting a wide variety of potential vulnerabilities, including both the aforementioned XSS and SQL injection vulnerabilities. Information obtained by web scanners can be utilized to evaluate the security of an e-commerce site and provide insights for programmers as to how to best reduce coding vulnerabilities. However, in order for scanning to be effective it must be used on a regular basis, not just every couple of years.

 

Cloud-Security Certification

Cloud-Security Certification

5) Keeping Your Friends Closer

According to the Ponemon Institute, third-party providers have a substantial potential impact on both the likelihood and scope of data security breaches. Just as a business would not trust their money to a bank that doesn’t use proven security measures, they should neither trust a third-party vendor that does not have rigorous security practices. As such, businesses should always inquire into a cloud software vendor’s security and what certifications the vendor has in place.

Whenever considering a new provider, online business should make certain the vendor employs the most up-to-date security measures and is compliant in Cloud-Security Certification SSAE16 and PCI-DSS, or Payment Card Industry’s Data Security Standard. Because the risk of data security breaches is so great in today’s online marketplace, if a software application introduces risk it should be avoided at all costs, no matter how good the application may seem.

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Will Telemedicine Provide Relief for The Rural Hospital Closure Issue

Can Telemedicine Provide Relief for Rural Hospital Closures?

 

Rural Hospital

Rural Hospital

 

HealthCare for All

Healthcare should be available to all people in the United States whether they choose to live in cities or in the country. Unfortunately, many people who live in rural areas are not able to access the healthcare they need.

 

Rural America

Rural America

 

Rural America

About 20% of the population in the United States live in rural areas and due to a number of different reasons, hospitals in rural areas have been forced to close their doors. Some of the reasons why rural hospitals have closed are: fewer doctors wanting to work in rural areas, Medicaid cuts, small budgets that can’t support the mandate to switch to electronic patient records, and for those non-profit hospitals, not being able to provide benefits to the community in order to receive tax benefits.

Rural Hospitals

The closure of many rural hospitals puts people living in those rural areas at risk. Strokes, heart attacks, and traumatic injuries demand immediate medical attention and, if the nearest hospital is an hour or more away, people in need of urgent medical care will die.

 

Telehealth

Telehealth

 

Telehealth: A Growth Industry

The use of Telehealth technologies may offer a solution and may be able to save lives when easy access to a hospital is not available. Telehealth uses today’s technologies including smart phones, wireless equipment, two-way video, email, etc. to connect those needing healthcare with doctors across the United States.

Telemedicine and how it Works

Telemedicine provides a way for doctors and patients to be able to interact through the use of various types of technology which allows remote monitoring, referrals, and communication. Telemedicine also allows patients to have access to specialists and provides medical and health information.

 

Telemedicine

Telemedicine

 

Benefits of Telemedicine

There are many benefits that telemedicine can offer, not only in the area of physical health, but also in the economic, emotional, and educational health of the targeted community. Telemedicine can provide improved access to medical specialists, improved clinical outcomes, increased patient satisfaction and is cost effective.

Access to Specialists

Access to Specialists

 

Access to Specialists

With remote access services which include video-streaming, teleconferencing, along with tablet and smartphone applications, where a patient lives will not matter when he or she needs to find and interact with a medical specialist. By using a smartphone, tablet or computer, telemedicine will allow for face to face interaction. The use of portable, wearable monitoring systems will allow healthcare providers to access real-time data without having to be in the same room with the patient.

improved clinical outcomes

improved clinical outcomes

 

Improved Clinical Outcomes

Healthcare services and patient monitoring can be provided immediately through the use of telemedicine which can lead to improved clinical outcomes. These improved clinical outcomes are due to the fact that telemedicine allows patients to be diagnosed and treated more quickly, assists doctors to avoid medical complications, decreases the time spent in the hospital and ultimately, decreases mortality rates.

Increased Patient Satisfaction

Knowing that healthcare providers are easily accessible gives patients a feeling of security and comfort. Not having to take time off from work or drive long distances to see a doctor also increases patient satisfaction.

Cost Savings

Cost Savings

 

Cost Savings

Telemedicine provides many ways to save money and to keep the cost of providing healthcare down. The management of disease, community based health initiatives, and preventing complications and hospitalizations can all be achieved through telemedicine and can all be done at minimum cost. Patients will also save money on gas, tolls, and parking and will not lose time from their jobs due to having to travel to urban locations to access healthcare.

Telemedicine in Action

Telemedicine when implemented in the real world has been shown to save money. In 2003 and 2007, Veteran’s Health Administration saw an almost 20% reduction in hospital visits from 30,000 patients enrolled in home a telehealth programs. In North Carolina, hospitalization rates for seniors fell 25% for patients enrolled in a telehealth program over 3 years.

What to Look For

What to Look For

 

What to Look For

If you decide to use a hospital that offers telemedicine, be sure to ask if you will be able to connect with your doctor through video chat as it is important that both you and your healthcare provider can see and hear each other. You should also make sure that the system that you will be using is simple to navigate and if you can try it out to be sure that you understand how it works. Finally, ask if your doctor will provide a summary at the conclusion of any interaction so that you can access any instructions or advice at a later time.

 

rural hospitals 2

rural hospitals 2

 

Conclusion

Telemedicine for rural hospitals is still costly but the costs appear to be coming down. There are also some concerns about the quality and consistency of care when local providers have fewer procedures due to easy access to referrals elsewhere. Telemedicine will not solve all of the problems rural hospitals face, but it can provide some options that have not been available before.

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These Four Steps Can Close Today’s Audit Technology Gap

Closing the Audit Technology Gap in Four Simple Steps

 

Audit Technology Gap

Audit Technology Gap

 

Gone are the days when the internal auditor’s role in an organization was narrowly defined as one that involved monitoring, assessing and analyzing various organizational risks and controls. Internal audit has morphed into a new outfit that plays a more demanding role. Internal auditing professionals are being relied upon more heavily than ever by organizations to help them manage changes, identify risks as they emerge, and stay on top of things. Many audit leaders are trying to move into leadership positions where they can impact the organization’s roadmap in a more tangible way, but are finding themselves held back by a technology performance gap. Here’s how to bridge that gap.

 

Survey Results

Survey Results

The State of Internal Audit

PricewaterhouseCoopers released its 2014 State of the Internal Audit report that showed, among other things, only 40% of chief executives felt that internal auditors were leveraging technology in a meaningful way to help the organization better achieve its objectives. Senior management took an even more unflattering view, with only 35% of respondents saying that internal auditors had incorporated technology effectively into the workplace. Many audit teams are still relying on outdated technologies and processes that tend to limit their ability to function at an optimal level so as to deliver greater value and valuable insights to the organizations.

The fact that technology is playing an increasingly important role in almost all facets of business cannot be argued. For instance, organizations are using novel technologies like Big Data to analyze massive swathes of customer data and incorporate those results into their marketing strategies, while cloud technologies are changing the way organizations run their core enterprise resource planning functions. So, in which ways can an audit team learn from what other businesses have done and incorporate the lessons into its own plan to help close the technology performance gap?

Data Crunching

Data Crunching

Before delving deeper into the ways and means that technology can change the internal audit, let’s first start by having a peek at the current state of technology usage by internal auditors. In the vast majority of cases, the use of technology in an internal audit is limited to the traditional processes of audit management and basic working paper documentation.

Around 57% of internal audit departments still rely on mainstream electronic work documentation using a combination of the ubiquitous Word and Excel programs by Microsoft, as well as email and operating system folders that are used for the managing, storing and sharing of files. These highly fragmented systems make it difficult for the internal auditors to work seamlessly and reap maximum benefits from technology. More importantly, internal auditors are not benefiting from the various ways that technology can help streamline the quality and overall efficiency of the audit process, particularly regarding the aspect of focusing on key risk indicators and controls.

Prepared

Prepared

Analyzing the Technology Readiness of Your Audit Team

A quick analysis of how your own internal audit department is leveraging technology can provide you with valuable insights regarding the extent to which your audit team may be suffering due to failure to use technology effectively. Here are some questions you need to ask yourself as you try to gauge how your audit team stacks up as far as technology uptake is concerned:

–    Is your team capable of updating and sharing information seamlessly from any location at any time?
–    Are your day-to-day pieces of the audit process and general workflow scattered over multiple shared drives, email, spreadsheets and other isolated technologies?
–    Do you have systems to completely validate all the data you analyze during the course of your work, and just how reliable is the integrity of your analytic tests?
–    Are you confident that your use of technology readily demonstrates to your audit committee and C-suite that you deserve a seat at the table?

The Starting Line

The Starting Line

Getting Started

If your audit team cannot answer all these questions in the affirmative, then it’s time for you to act. Admittedly, a complete transformation is unlikely to happen overnight. Nevertheless, here are some useful steps to get you started:

1. Start with Leadership: Change can only be effective when it starts from the top. Technology can only become a critical component of the internal audit if top management acknowledges the fact that this is an important step. The audit leaders need to openly and unequivocally declare that technology is important for internal audits.

2. Look Ahead: Try and make an assessment of what is really important for the audit team and how you expect to operate one year and three years from now. Technology is rapidly changing in the areas of mobile computing, Big Data and cloud-based technologies, such as software-as-a-service (SaaS). Internal audits can take advantage of the transformative shifts being presented by these technologies.

3. Take a Holistic Approach: Ideally, the software technology you use in your internal audit department should support all your key components and processes in a seamless, consistent, yet intuitive way. The software should not have a steep learning curve since this would create a barrier to quick implementation. Additionally, it should be affordable for the organization.

4. Integrate Data Analysis/Automated Testing: Data analysis has traditionally been treated as an ‘‘add-on’’ to the audit process; however, this should no longer be the case. Modern audit management software helps to fully integrate the internal audit process right from initial risk analysis and audit planning to continuous auditing, detailed control testing, exceptional management and quantified reports.

The Bottom Line

The Bottom Line

The Bottom Line

Internal auditing has a great opportunity to enhance its value to the organization. By harnessing the cutting edge technologies that help build value, advance relevance and promote executive alignment, the audit team can realize its full potential and earn itself a well-deserved seat at the executive and management table.

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