Size Really Doesn’t Matter in Cyberspace

iStock_000015672441MediumSomething we have all long since suspected, today confirmed by Allianz – the insurance giant. Size does not matter. At least not when it comes to being a target of a malicious cyber attack.

According to Allianz, attackers are targeting large corporations by attacking their supply chains – smaller companies and SME’s that potentially offer more easily accessible ‘routes in’. Of course it is not always going to be the case but an SME perception of not being a viable target may be just that, a perception. Understanding what the real threat and therefore risk of an attack is, is vital. If you don’t fully understand what risk is posed to you and you potentially pose then you may be open to an incursion, even if you are not the prime target. You may not even know your systems have been used in this malicious manner.

So the question is, how robust is your security? Well, many large corporations are starting to demand evidence of stringent security as a matter of course. They understand some of the very real risks posed by their suppliers. According to an article in City AM today-

“Companies employing fewer than 250 employees are now almost twice as likely to be the subject of a targeted computer attack compared to 2011. By contrast, large organisations employing over 2,500 people have seen no increase in attacks over the same period”

A thorough independent and comprehensive Risk Assessment would be strongly advised in these circumstances. Being able to evidence your security posture is a positive enabler for many organisations, as it can open greater commercial opportunities up to work with larger corporations and Public bodies, however as the risk of these “piggy-back” attacks grows, these corporations are more and more likely to require evidence of the supply chain partners’ security.

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