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This Weeks Technology News

Bottom Line IT
October 26, 2017 4:00 PM



Segment 1
SEC Reveals it was Hacked

The Securities and Exchange Comission announced on Wednesday that its system for storing documents filed by publicly traded firms had been breached by hackers, allowing them to access data that could have made it possible for the hackers to illegally profit. The breach occurred last year, but the SEC didn’t learn until last month that the breach could have been used for illegal trading.

Segment 2
Facebook Will Hand Over Russia-Backed Ads to Congress

Facebook, which has received backlash for its response to Russian activity on its website before the U.S. presidential election, will hand over detailed information on thousands of Russian-sponsored  ads to congressional investigators.

Segment 3    
Prioritizing New Business Technology

New technology solutions are coming out every day, pledging to make your company more efficient and more profitable. Half the battle is finding the right solution, and the other is paying for it. How does a business owner know which solution to choose? And how do they pay for it? Well, a few guidelines to follow are to: develop your investment strategy, operate within constraints, and don’t overplay your hand.

Segment 4
Krebs: Equifax or Equiphish?

In the wake of the devastating Equifax cyber breach, the credit monitoring company has continued to commit embarrassing blunders. The domain that the company registered to offer free remediation for the breach was flagged as a phishing site, because it had little time to establish itself as a legitimate domain. Equifax could have used its older domain trustedid.com, with no issues, but instead opted to go with its new, flashier domain trustedidpremier.com.

Segment 5
7 Cybersecurity Questions Every Leader Should Ask After the Equifax Breach

Former CIO for the White House Bush administration, Theresa Payton, idneified seven cyber security questions every business leader should ask.

  1. Do you have a third party physically and digitally track your company’s assets using open-source intelligence.
  2. Have you geo-fenced the company and travel for executives?
  3. Have you defined the top, most important firm assets and have you developed a process to regularly thinking about the risk associated with these assets?
  4. What your worst cyber nightmare? What is your plan to mitigate it?
  5. Do you want to be aggressive or not?
  6. When was the last time you got all parties together to discuss the plan in place?
  7. When is the last time you ran an exercise to test how human behavior interacts with the security plan?

Segment 6 – Bottom Line Security
Cybercriminals feeding off America’s small businesses

A study relieased by data security solutions firm Datto, found that small to medium sized businesses paid $301 million in ransomware ransoms. Datto stated that 5% of small to medium sized businesses across the world fell victim to a ransomware attack in 2016.

Listen to "Bottom Line IT" every week on The Michigan Business Network. We break down the technobabble by providing news, practical tips, and answers to your most pressing technology questions. We talk about how technology can be used to mitigate risks, reduce costs, increase efficiency, and produce profits for businesses.

12:00 PM every Tuesday

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