Target, Anthem and Home Depot: Is Your Company Next on the List for Hackers?

By: Bill Harrington

Hackers in the News

When large, brand-name companies like Target, Anthem and Home Depot are breached by hackers, they make front-page news and incur significant reputational losses. The amount of money that hacked companies spend to repair their reputation in the marketplace is staggering, which is why this is a topic of discussion on most Board agendas. Every day, hackers become faster and more sophisticated at exploiting newly-identified vulnerabilities in security architectures. These are not the hackers of the past, teenagers fishing around for information from a computer in their basement. They are highly educated and technically savvy individuals who hack into companies for the purpose of stealing information that can be resold on the “black market.” These breaches may also take the form of attacks from nation-states that seek to acquire industrial, military, or other confidential or classified information. What about your company? How prepared is your IT security plan to prevent such a breach?

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