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The Consequences of Ignoring MFP Security.

17th September 2019
The Consequences of Ignoring MFP Security

“You wouldn’t risk your company cars driving around without insurance, so why take the risk with your company’s data?”       
DG Analysis

The number and severity of data security horror stories being reported in the press, recently, is increasing and in-house print is considered to be one of the top security risks to any organisation.

With GDPR firmly in place, financial, legal and reputational implications are now so far-reaching that businesses are being urged take a proactive approach to print security. Print devices, which link directly to the internet, can provide an open door to corporate networks and it’s not just outside “hackers” that are responsible for these breaches.

“British Airways is facing a record fine of £183m for last year’s breach of its security systems. At the time, BA said hackers had carried out a “sophisticated, malicious criminal attack” on its website. The Information Commissioner’s Office (ICO) said it was the biggest penalty it had handed out and the first to be made public under new rules which came into force in May 2018”.      Source: BBC News 8 July 2019

FACT NOT FICTION:

  • Under GDPR, a company can face fines of up to 20 million Euros or 4% of a company’s global turnover – whichever is higher.
  • According to research, carried out by Bitdefender™ security incidents have tripled in the past five years.
  • Research shows that 72% of financial services companies in the UK were hacked in the past year, possibly due to third-party vulnerabilities, while 69% blamed insider threats.
  • Old outdated technology can pose a real threat and dangerous for your business because, without embedded security on the hard drive, encryption facilities or user authentication anyone can access files, copies and residual data from inside or outside an organisation.

 

       

 

Although virtually all businesses have now adopted some form of digital communications, many still rely on printing to support their critical business processes which means that MFPs are a vital network “endpoint” that must be secured.

Despite being protected by a firewall, an MFP is in a vulnerable position and provides the potential for attacks, on residual or personal data they hold, either from the internet or from internal breaches, which can be catastrophic to a business in so many ways.

Research carried out in 2018, by Bitdefender™, on 150 companies, of varied types and sizes, highlighted the consequences, perceived by businesses, caused by data breaches and cyber attacks.

Analysts world-wide are now advocating that essential measures, to defend against breaches and attacks on MFPs, must be taken and have posed this question to businesses:

“Is it worth the risk of not paying an extra £10 a month on a printer that isn’t covered?”

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