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The Big Fat Challenge for Small Business

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Pop quiz:


What companies are most at risk for targeted attacks by cyber criminals?

A. Small and medium-sized companies

B. Large companies (more than 2,500 employees)

The answer: A. Last year overall data breaches surged by 23 percent and most targeted attacks, 60 percent, were against small and medium-size companies, according to the 2015 Internet Security Threat Report from Symantec.

For small and medium-sized companies handling consumer protected health information (PHI) ­–­ think dental practices, doctors' offices and nursing homes and their business associates – the potential fines and fallout from data theft have never been higher.

Penalties enforced by the federal Health Insurance Portability and Accountability Act (HIPAA) can reach $1.5 million per violation. And it doesn't take a seasoned hacker with sophisticated code to violate your company.

Careless employees who lose or misplace paper files, laptops, smartphones or thumb drives, or leave documents in copiers, scanners and printers can expose protected information and place your company in deep trouble.

“Small companies often tell me that they lack resources and expertise to devote to data security,” says Bruce Parkman, chief executive officer for MainNerve, the Colorado Springs, Colorado, cybersecurity company. “But if personal records they handle every day are exposed, the costs can be staggering.

“Companies that ignore compliance regulations face millions in fines and even jail time,” he says.

Stronger regulations enacted in 2012 extended HIPAA requirements to 10 million businesses that were formerly exempt. Trace the rise of HIPAA, and why small businesses can no longer ignore it. Click the image below to load the video.



Parkman's tips for ensuring that your company complies with HIPAA guidelines:

• Hire an expert to assess your risk: How does your company collect, store, transmit and destroy health information protected by HIPAA? MainNerve provides security risk assessment, gap analysis and a strategic security roadmap to HIPAA compliance.

• Update security and response plans regularly. Companies change and grow; compliance policies and procedures must evolve, too. MainNerve reviews technical, administrative and physical security requirements over time to make sure your policies and procedures remain strong.

• Train your staff. “Simple human error is a major factor in security breaches,” Parkman says. “It's essential your employees are trained and well practiced in your security methods.” MainNerve offers compliance testing training options tailored to your company's needs, either at its facility in Colorado Springs or at client offices anywhere around the world.

• Prepare to respond to a security breach. “It's not a matter of if, but when your company will be hacked or an employee will compromise security,” says Parkman. “How well your team has prepared for a data breach will determine your chances for controlling the damage and getting back to business as usual.”

MainNerve provides small and medium-sized companies with defense-grade cybersecurity services: compliance solutions and training and real-time, active defense against hacks. The company specializes in supporting businesses that handle medical data.

For more than a decade, MainNerve served the Department of Defense, including training for U.S. Special Operations Command, and several national law enforcement agencies.

“Thanks to our defense background, we are the most capable, thorough and cost-effective service out there,” says Parkman.

There are no startup costs, no capital required, no installation or integration charges to get started with MainNerve. “We work with you hand-in-hand to build a program from the ground up,” says Parkman.

Call MainNerve today, 877-889-6600, or request more information at our website. Ask about our risk assessment service and learn how MainNerve can put defense-grade cybersecurity measures to work for your company.

 
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    Sponsored ContentHalf of all small businesses in the U.S. have been hit with a cyberattack – and that's not the scariest news. The cost per attack last year skyrocketed to $20,752, up from $8,699 in 2013, according to a survey by the National Small Business Association. The actual tab for a security break can quickly spiral even higher, putting the life of a small or medium-sized business on the line. Among the unexpected burdens: Business down time: Routine business may be disrupted when th...
    Sponsored ContentHalf of all small businesses in the U.S. have been hit with a cyberattack – and that's not the scariest news. The cost per attack last year skyrocketed to $20,752, up from $8,699 in 2013, according to a survey by the National Small Business Association. The actual tab for a security break can quickly spiral even higher, putting the life of a small or medium-sized business on the line. Among the unexpected burdens: Business down time: Routine business may be disrupted when th...
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