Cybersecurity Insights

We’re fast approaching the middle of 2019, and already we’ve seen numerous announcements of major data compromises involving millions of personal data records being stolen, including:

1. Email addresses & passwords
2. Passport numbers
3. Social security numbers
4. Banking information & credit card data

While the largest breaches catch our attention and have done a lot to raise awareness to the threat these criminals pose to our society, what is often less well reported, and therefore, less well understood, is how the smaller end of the business world is being targeted. As an example, we rarely hear about the thousands of successful small to medium eCommerce websites that have been hacked, and are quietly leaking all their customer payment data to criminals every day.

Data breaches seem to be a regular feature in the news nowadays, especially since GDPR regulation kicked in last year. This higher frequency of articles announcing newly-hacked-victim-organisations gives an idea of the growing scale of the security problem - a trend that we have been talking and warning about for years.

Organisations particularly at risk of compromise are online businesses - eCommerce websites. In fact eCommerce websites are currently the most targeted type of organisation within the Payment Card Industry - simply because the crime is so much easier to execute. The reward for criminals is not as high as targeting a bank, but the crime is a lot easier to pull and scale too.

Initially, FGX-Web was created to aid our Forensic Analysts in conducting investigations following a data breach. Since then, we’ve developed and grown it into an enterprise solution which protects thousands of eCommerce organisations across the globe, blocking millions of online attacks each month. We assist organisations globally who require a website security solution that is affordable as well as being user-friendly for everyone, from generalist IT professionals to eCommerce business staff.

Now, we have added some exciting new features that will help eCommerce websites of any size become more secure.

Security scans and analysis on over 170,000 Magento websites (the most popular e-commerce platform globally) revealed that over 75% are at high risk from cyber criminals, with a further 1% being at critical risk.

Our latest global survey identifies the most significant vulnerability for SMEs is hackers looking to exploit the absence of critical security patches.

Well-known companies such as British Airways, Marriott Hotels, and Facebook were breached in 2018, with the majority of them having lost a significant number of user records. We've compiled some of the highest profile breaches witnessed throughout the year.