Too many startups, new ventures and SMEs do not take seriously the immense problems that a security breach can create. They may be thinking “We can do that later.”
Security Risk Examples
Examples of recent security risks/issues that have inconvenienced or may inconvenience customers include:
- 32 million users account information was exposed by hackers who disliked the Ashley Madison website. The article Now you can search the Ashley Madison cheaters list CNN also states “Few websites practice good security standards”.
- “Nearly every major bank is using second-rate security to guard its website. Capital One, JPMorgan Chase, Suntrust, Wells Fargo — none of them use what’s commonly referred to as the “best practice” in the industry when it comes to Web security.” The article Banks are skimping on website security CNN also includes … “Banks are saying, “Hey, there’s a crack in the plane, but we won’t fix it because we don’t think it’ll cause the plane to crash today,” said cybersecurity expert Robert Graham.”
Well managed startups, new ventures and SMEs should include security provisions in your product development processes. Periodically hire outside security experts to review your product-centric security and suggest improvements. Periodically hire teenage hackers to test your security for your customers and suggest improvements.
As soon as your minimum viable product is in place. Make sure that your plans include adequate provisions for security.