Cyber Hackers Attack Town Government Near Boston, MA

11/6/15 12:01 PM Jim Walsh

When it comes to cyber security, it’s an all too familiar story for smaller businesses and organizations.  “Why would anyone hack us? It won’t happen to us.” Or “We know it’s important, but we’ll deal with it later when we have more time.”   The Anthems and the IRSs of the world, they’re the ones who really have to worry about cyber security, right?

Wrong.

So, so wrong.

This week, you may have heard (but probably not) that officials from the Town of Marshfield, a coastal community 30 miles from Boston, noticed $30,000 dollars was missing from the town’s account at Rockland Trust.  According to reports, the account was likely accessed by a hacker appearing as an authorized town employee.1  And the culprit doesn't appear to be some mastermind hacker from overseas; authorities believe the hacker to be local.  Luckily for the Town of Marshfield, Rockland Trust was able to recover the money, but the scare served as a "wake-up call" for the municipality.

It's foolish for any company, organization or municipality to assume they are immune from threat these days.  A recent report published by Hewlett Packard2 reveals that cyber attacks are costing the average American firm $15.4 million dollars per year, double the global average of $7.7 million.  Cybercrime is not only a big business problem.  CSID3 recently performed a case study where they created a fictional start-up company, Jomoco, a hip new start-up selling coconut water. They then had the fictional employees commit common security mistakes like including sensitive information in their emails and using the same passwords across multiple platforms to send a trigger to hackers that their security was vulnerable.  Within hours, employees were locked out of their emails, the website was shut down and credit card information was being used. 

For smaller organizations, the burden of cybersecurity can often seem like too much for an already stretched, or even non-existent, IT team.   This is where a service like Managed Security can come in. Outsourced network security allows for worry-free, trouble-free protection through features like 24x7 monitoring, firewall management and anti-virus protection from email threats, spyware, Trojans and malware, and more.

With the surge of Internet threats and attacks, today's organizations are exploring new and better ways to tighten the security of their computing environments. Thus, the managed security services market is exploding right now. According to a recent report from Allied Market Research,4 it is expected to reach $30 billion dollars by 2020, up from $8 billion in 2015. Gartner recently stated that a “significant portion of organizations are shifting existing resources away from the operational aspects of security technologies, such as security device administration and monitoring, toward mitigation and incident response. This new dynamic has given rise to significant growth throughout the globe for managed security services.”5  With all this being said, it might time for the Town of Marshfield to start looking for a Managed Security provider.

Managed Security

See also:

1 Strike, You're Out: Protect Your Data
3 Tips to Launch Flexible IT Security Within Your Business

With more than two decades of experience, the iCorps IT consulting team is dedicated to delivering excellence to our customers by staying ahead of market trends and understanding new technologies that could impact their business. iCorps delivers superior IT outsourcing, IT support and technology solutions implemented by the best consultants in the BostonPhiladelphia and New York (NY) areas.

Sources

1. http://boston.cbslocal.com/2015/11/03/hackers-steal-thousands-of-dollars-from-marshfield/
2. http://www8.hp.com/us/en/software-solutions/ponemon-cyber-security-report/
3. https://www.csid.com/2015/05/cyber-criminals-shut-smb-one-hour/
4. http://cybersecurityventures.com/mssp-report-managed-security-services-q3-2015/
5. http://www.gartner.com/newsroom/id/2828722