Computer Virus can equal bankruptcy for small businesses

[tweetmeme source=”franscomputerservices” only_single=false]N.Y. Firm Faces Bankruptcy from $164,000 E-Banking Loss (Krebs on Security):

New York marketing firm that as recently as two weeks ago was preparing to be acquired now is facing bankruptcy from a computer virus infection that cost the company more than $164,000.

Ouch! That’s gotta hurt!

As Mrs. McCarthy found out the hard way, businesses do not enjoy the same protections that consumers have against online banking fraud. Most banks will work with commercial customers to try and reverse any fraudulent transfers, but the chances of that succeeding diminish rapidly after the first 24 hours following unauthorized activity. What’s more, banks are under no obligation to reimburse commercial customers victimized by cyber fraud.

Wow!

Check out what happened with the computer — not all that unusual of late for some folks.

Advertisements

A lesson on updating operating systems…

[tweetmeme source=”franscomputerservices” only_single=false]Virus attack hits Vista machines, cripples university network (ZDNet Blogs):

A massive virus attack has hit the University of Exeter resulting in the entire network being shut down both by the virus and the network staff in an attempt to protect the infrastructure.

The virus hit the network on Monday and is still having major implications even now – two days later. According to the IT support email:

…this is a completely new virus and we are the only organisation in the world to experience it. None of the mainstream virus software suppliers have seen this virus, and as such, there is no fix.

Apparently, according to the article, this might not have happened if the administrators of the SUS (Software Updates Service) had auto-approved updates — in other words, might have been avoided if they had patched their Vista operating systems when Microsoft put out the patches for the vulnerability that allowed this to happen.

I would highly recommend that updates be installed ASAP in most cases.