5 ways to handle fraud & security issues for small businesses

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5 Ways to Handle Fraud & Security Issues for Small Businesses Michelle D. Syc, CISSP, CEH Senior Analyst, Advisory & Assurance Services

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Fraud and security incidents occur more than you think and are very possible to happen to any size organization, not just the enterprise. Is your small business prepared to handle a breach if it happens to you? Do you have a security incident response plan ready? Please join Michelle Syc on November 14th for her presentation, “5 Ways to Handle Fraud & Security Issues for Small Businesses”. She will discuss what to do when fraud has hit your business and will share: • How to protect yourselves on a continued basis from fraud and security issues • The importance of employee security within the workplace, especially when there is no HR department • Patient Data Security for Employers and Employees Finally, Michelle will wrap up the presentation with the 5 key things to bring back to your offices in order to prevent any breaches.

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Page 1: 5 Ways to Handle Fraud & Security Issues for Small Businesses

5 Ways to Handle Fraud & Security Issues for Small Businesses

Michelle D. Syc, CISSP, CEHSenior Analyst, Advisory & Assurance Services

Page 2: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Topics

Common Threats to Business Information Cybercrime Updates Cybersecurity:  Preparedness, Assessments, Risk Mitigation Incident Response for the Small Business

Page 3: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Common Threats to Small Business Information

Hacking and Malware Lost or Stolen Physical Storage Media Insider Threat and Human Error Accidents and Natural Disasters

Page 4: 5 Ways to Handle Fraud & Security Issues for Small Businesses

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Num

ber o

f Com

plaints (in th

ousand

s)

Years

Cybercrime Complaints by Year

Source:  2013 ICS Annual Report

Cybercrime U

pdate

Page 5: 5 Ways to Handle Fraud & Security Issues for Small Businesses

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Dollar Loss (in m

illions)

Years

Cybercrime Loss Snapshot

Source:  2013 ICS Annual Report

Cybercrime U

pdate

Page 6: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Cybercrime Com

mon Schem

es

34%

15%22%

2%2%

25%

Percentage Complaints by Scheme Type

Auto‐Auction Fraud Romance ScamsFBI Scams Hit Man ScamRansomware / Scareware Scams Real Estate Scam

Source:  2013 ICS Annual Report

Page 7: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Cyber Preparedness for the Small Business

Set up a secure system

Page 8: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Cyber Assessments for the Small Business

Information Type

Media type or storage location

Value (high,medium, low)

Risk Level (high, medium, low)

Notes

Personnel Records

My Desktop High High Needed for Payroll

Page 9: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Cyber Risk Mitigation for the Small Business

“The only defense against the world is a thorough knowledge of it.”

‐John Locke

Page 10: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Incident Response for the Small Business

Page 11: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Common Data Security Requirements / Standards

SEC Cybersecurity Disclosure Guidance Fair Credit Reporting Act (FCRA) State data breach notification laws Gramm‐Leach‐Bliley Act (GLBA) Health Insurance Portability and Accountability Act 

(HIPAA) Payment Card Industry Data Security Standards (PCI 

DSS)

Page 12: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Action Items

1. Set up a secure system2. Protect business data3. Train workforce4. Prepare to respond to incident5. STOP.  THINK.  CONNECT.

Page 13: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Resources IC3 Fraud Alerts:

o http://www.ic3.gov/media/default.aspx Federal Trade Commission Guide for Protecting Personal 

Informationo http://www.ftc.gov/infosecurity

United States Computer Emergency Readiness Team (US‐CERT)o www.us‐cert.gov

HIPAAo www.hhs.gov

PCI DSS:o https://www.pcisecuritystandards.org/merchants/index.php

Page 14: 5 Ways to Handle Fraud & Security Issues for Small Businesses

Talk To Me

@SycCT

@MichelleSyc

[email protected]

Page 15: 5 Ways to Handle Fraud & Security Issues for Small Businesses

www.thinkADNET.com

@ADNETTech

@ADNETTechnologiesLLC

@ADNETTechnologiesLLC

@ADNETTech