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Jun 8, 2018

Today a short review of a study by NTT and what they found about businesses and security -- it's really, disheartening.

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Transcript:

Below is a rush transcript of this segment, it might contain errors.

Airing date: 06/07/2018

The Importance of Security

Craig Peterson: [00:00:00] Hi guys, I'm out by Lake George, still here in upstate New York, enjoying the week. I saw some statistics just came up from NTT and that's going to be the subject of my little lantern today because it's very concerning to me. NTT you probably know these guys they are the Japanese AT&T. And, I think the whole name is Nippon Telegraph and Telegram, in English, anyway. 

: [00:00:28] But they did a survey of businesses and they found that the majority of businesses that were surveyed, and of course they take that, and they push it out to all businesses, but the majority of businesses surveyed said that they would rather pay ransomware than try and prevent the ransomware from getting on their systems in the first place. They'd rather not bother with the security they might need to keep the criminals out and just pay the criminals afterward. There are so many things wrong with that thinking. But let's start with the simplest, which is that if you’re talking about having your systems hacked, remember, you’re going to be out of business. You're hoping that just paying that ransom, which may be as little as five thousand dollars, is enough to get all of your data back. 

: [00:01:21] If you get back in business. Yeah, I got to tell you here what the FBI has said. Hold on a sec, let’s let the truck pass, the joys of doing this live, right. 

: [00:01:35] But according to the FBI statistics, and remember I'm tied tightly with the FBI and they're Infragard programs. So, I get their stats, and they're saying that the majority of businesses never get their data back, ever, even if they pay the ransoms.

: [00:01:53] Then to top it off, you're out of business at least during the time while you're waiting for your data to be recovered. Now, your data may not ever be recovered, as is often the case the majority of the time. Your data is not recovered or maybe just parts of it are returned. These guys are out to get you. And they're out to get you a lot of different ways and it will cost more than that five thousand dollars you spend on security. And in reality, you should be spending somewhere around three to five percent of your budget on security, because it is that important. Certain events will force you out of business. You know you've got to spend that money. You're not going to get your data back. This is this is not something that's worth risking. 

: [00:02:42] And I was just talking about cancer in fact with someone, a little bit about really this is almost like cancer treatments, right. It's like how many people do self-exams for cancer. And some people do. 

: [00:02:58] And those people that do those self-exams are the ones that end up surviving. Why? Because they caught it early and that's the whole idea here, you got to catch the bad guys early, you got to stop them from doing more harm, and stop them from destroying your companies, anyhow. Disappointing news from today from NTT and that survey make sure that you are staying up to date with the technology doing all of your updates. Having a good intrusion protection system, defense system, as well as prevention and keep that business of yours safe, heck, you've put enough money into it and into your career, right. Either way, you don't want to lose it all. Craig Peterson here, and we'll chat again tomorrow. 

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