This article was originally published in the Honolulu Star-Advertiser on March 25, 2014
Since word broke last month that Target was ultimately breached through a connection it had established with one of its vendors, many businesses are taking a hard look at what kind of access they've granted to their own vendors.
And with good reason. It will be a tough year or two for Target's shareholders, but Target will survive this. The sobering reality is that most small and medium businesses don't survive such events. With the average cost of a data breach spiraling to $188,000, 60 percent of small businesses shutter their doors within six months of a data breach.
So, what steps can small and medium-size businesses take to reduce the risk of a breach coming from an established connection with a vendor or business partner?