Simple steps to keep your PCs shut to online criminals

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Bobby Mon: Feb 13 2012, 00:53 IST

With growing security attacks on technology globally, it is becoming increasingly difficult and complex for small and medium businesses (SMBs) to assemble the right in-house resources to protect themselves against the cyber threats they face, whether it’s a data breach through the network, data leakage by employees, or lost laptops/mobile devices. We have also seen an uptick in the number of court cases, where SMBs have had six figure amounts stolen out of their bank account by cyber thieves. The liability for these breaches is being shifted to the CIOs and IT managers. The need for comprehensive information security is more pressing now than ever before.

According to the Norton Cybercrime Report 2011, the cost of global cybercrime is $114 billion annually. Based on the value victims surveyed placed on time lost due to their cybercrime experiences, an additional $274 billion was lost. In India it is estimated that more than 29.9 million people fell victim to cybercrime last year, suffering $4 billion in direct financial losses and an additional $3.6 billion in time spent resolving the crime. With 431 million adult victims globally in the past year and at an annual price of $388 billion globally based on financial losses and time lost, cybercrime costs the world significantly more than the global black market in marijuana, cocaine and heroin combined ($288 billion).

For a growing business, a single financial attack could put a smaller company out of business or irrevocably cut into annual profits for a medium sized business. The implications

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