X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Businesses today are in a cyber security crisis because passwords have become obsolete. The recent HBO data breach, in which hackers demanded a ransom for internal emails along with a wealth of valuable network documents, is just the most recent event. There are red flags for businesses of all sizes – current protection methods just aren’t cutting it. Most systems have the concept of an administrator who can access all information in the system, which means that one person’s breach can bring the entire business down.

In fact, since August, nearly three quarters (73 percent) of all Americans have fallen victim to some type of cybercrime and 47 percent have had their personal information exposed by hackers. The cybersecurity “walls” that organizations have built around sensitive information are failing to stop breaches: 73 percent of hackers surveyed at the recent “Black Hat” convention believe traditional security perimeters of firewalls and antivirus are irrelevant or obsolete.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Dig Deeper

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.