The cyber attack that hit TalkTalk last week will likely turn out to be very costly indeed. Though the telco’s share price has rebounded after police arrested a teenager suspected of carrying out the attack, it will certainly give customers tempted by its cut-price contracts pause for thought in the future. Other businesses should sit up and take note.
Don’t be complacent
Cyber attacks aren’t just a problem for big companies like TalkTalk. According to a survey conducted by the Government’s Cyber Streetwise Campaign, one third of small businesses were affected by an external cyber attack at some point in the past year.
‘It’s a mistake to think you’re not going to be a target just because you’re not large enough,’ says Greg Aligiannis, senior director of security at encryption software company Echoworx.