Home » Daily Best of the Web » Protecting Your Business From a Data Breach

Protecting Your Business From a Data Breach

Target’s CEO is no longer in the hotseat. Home Depot’s CEO now has that honor. The do-it-yourself retailer’s in-store payment system was hacked in what may have been the largest data breach of a retail company’s computer network. It is, unfortunately, unlikely to be the last.

Many other well-known companies have been attacked, including Target, UPS, Michaels, P.F. Chang’s China Bistro and Neiman Marcus. And many small businesses are even more vulnerable than large companies, because they can’t afford the kind of data security a larger company can — and because they don’t follow best practices.

Andrew Bagrin, founder and chief executive of My Digital Shield, a data security firm in Wilmington, Del., that serves small businesses, says business owners often feel that because they are small, they really aren’t at risk. “So I’ll ask them,” he said, “How many credit cards do you take in a month? A thousand? Then you’re vulnerable.”

Hackers are looking for information they can use regardless of where it comes from, and Mr. Bagrin said there had been a spike in point-of-sale breaches.

Read more: The New York Times Blogs

About Chief Executive

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.