Recently, an industrial company in Texas has suffered the consequences of lax security policies when hackers managed to steal over $1.2 million dollars in a mere 30 minutes.

Jugal Malani, owner of the Sugar Land Company located in the USA recently received the blunt end of the stick, when his network was exposed and his credit lines were exposed.

The attacks took a mere 30 minutes to perpetrate and those responsible have still not been located.

In response to the attack, Mr Malani expressed complete bewilderment stating he never believed his firm was vulnerable, and subsequently he has upgraded his security.

Constantly, smaller and smaller corporations are facing the brunt of experienced hacker’s intent on breaching network security.

These days, it is no longer a case of having to be a multi-national corporation to be vulnerable, but any organization risks being a target if appropriate security measures are not enforced.

This is an example of a worst-case scenario, but one that is preventable with modern security policies.

Utilizing things such as encryption on files and sensitive calls ensures that no sensitive information is ever available for drive-by hackers.  Drive-by hackers, or hackers that simply roam the internet looking for weak targets are now responsible for a growing majority of attacks on business networks, and they are often escaping without charge due to lax network security that means there is not sufficient evidence left behind to apprehend them.

Security needs a huge paradigm shift from that of a single point of defence into a multi-layered model, which means that should attackers breach one layer of security, they still have many more until they can gain access to sensitive material, and each attempt will leave more and more incriminating evidence.

Next time you are trying to save $2000 on security, just think about this story because it could just end costing two million.