Cyber Attacks on Businesses 43% of cyber attacks target small business Only 14% of small business rate their ability to mitigate cyber risk highly effective 48% of data security breaches are caused by acts of malicious intent. Human error or system failure account for the rest. 60% of small companies go out of business within 6 months of a cyber attack

What’s At Risk?

Cyber Security is being ignored! Despite small and medium sized business being concerned about cyber attacks, more than 50% are not allocating any budget at all to risk mitigation.

Feel they don’t store any valuable data

…well in fact 68% store email addresses 64% store phone numbers 54% store billing addresses

What’s The Problem? 55% of businesses polled say their companies have experienced a cyber attack in the past 12 months. 50% report they had data breaches involving customer and employee information in the past 12 months.

What do you do?

Keep Status Quo?

How the problem affects you… 1 Million people affected by massive Google Docs Phishing Scam 68 Million Users affected by Dropbox data breach 24 Million Users potentially affected by Box.com indexing Number of breaches affecting local drives and data bases – unknown in the billions

The Need Common use of unsecure passwords and unsophisticated passwords that are unencrypted due to ease of use. Ignoring best practices for secure file storage caused 60% of small businesses to close after a cyber attack.

BLOCKCHAIN TECHNOLOGY ENCRYPTION Solution BLOCKCHAIN TECHNOLOGY ENCRYPTION

What is Blockchain? Blockchain is a ledger of transactions that occur within an unlimited number of computers or blocks. Data that is uploaded is encrypted with the highest level of encryption and broken into hundreds of pieces of further encrypted data spread throughout numerous networks. This technology proves over and above security encryption in comparison to today’s Cloud technology.

How does it work?

How is Blockchain so secure? Blockchains increase security on three fronts

1. Protecting Identities Public Key Infrastructure is a form of cryptography that secures emails, messaging apps, websites and other forms of communication. These are typically stored on a centralized third party Certificate Authorities to issue and are ripe for cyber attacks Publishing keys on blockchain eliminates the risk of false key propagation and verifies the identity of the parties communicating.

2. Protecting Data Integrity Data, documents and files are signed with private keys for all parties to have the capability to verify the source of the data Blockchain allows transparency making it practically impossible to manipulate data without being caught through hashing algorithms and results comparisons within the nodes.

3. Protecting Critical Infrastructure Massive DDoS attack was the result of hacking targeting the service that provided Domain Name Services (DNS) for major websites. Storing DNS entries on the Blockchain improve security by removing the single point of contact.

Let’s visualize the future

Impacts to businesses after cyber attacks 60% of small business organizations are no longer in business 6 months after a cyber attack. 1. Websites hacked 2. Corporate data leaked 3. Identities stolen 75% of all organizations have experienced a data/cyber breach in the past 12 months. With these numbers on the rise, it is expected that cyber-attacks costs to victims expected to reach $6 Trillion by 2021

Best Practices Keep firewall security current Conduct Penetration and Vulnerability Testing When in doubt, delete it Protect all devices that connect to the Internet Plug and scan Consider cyber insurance Engage in cyber security monitoring Encrypt your most sensitive files in the most secure way.

Summary

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