3. 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

4. What’s At Risk?

5. 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.

7. Feel they don’t store any valuable data

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

9. 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.

10. What do you do?

11. Keep Status Quo?

13. 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

14. 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.

15. BLOCKCHAIN TECHNOLOGY ENCRYPTION
Solution
BLOCKCHAIN TECHNOLOGY ENCRYPTION

16. 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.

17. How does it work?

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

19. 1. Protecting Identities
Public Key Infrastructure is a form of cryptography that secures s, 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.

20. 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.

21. 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.

22. Let’s visualize the future

23. 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

24. 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.

25. Summary