KPMG Raises Concerns of Online Data Leaking

By Kalen Smith, Big4 Blogger

KPMG has recently released the findings of its Cyber Vulnerability Index. According to their findings, hackers are becoming a greater concern for businesses throughout the world. The auditor cautions businesses to take greater measures to discourage hackers from exploiting sensitive data.

Hackers have become increasingly bold in recent years. KPMG said that even some of the largest businesses in the world are vulnerable to attacks from cyber-criminals. In order to assess the threat they pose, they created a simulated attack on many of the largest businesses in the world. Their investigation revealed a number of security holes that businesses need to work harder to patch.

Software and technology firms need to take the greatest measures to protect themselves against online criminals. They face two security vulnerabilities. First of all, they need to keep their software as up to date as possible. Expired software is one of the leading causes for security problems.

High technology companies also need to take new measures to safeguard trade secrets. Many secrets are released through online forums and other communities which places them at risk.

Martin Tyley is one of the directors of KPMG’s Northern Risk Management division. Tyley said that the Internet is a double-edged sword for many businesses. They reach more prospective customers and partners, but they need to be more aware of the security risks it poses.