The previous blog mentioned an increasing trend in personal data breaches in Hong Kong. According to a report from the Office of the Privacy Commissioner for Personal Data (PCPD), most cases are due to companies lacking awareness of data protection, failing to establish clear security guidelines and implementing effective security measures.
🚨The Use of Outdated Operating System Creates Security Gap
One area companies often overlook in cyber security is regular updates of operating systems, such as Microsoft Windows and its compatibility with current business management software, such as financial and human resources systems. These systems are essential for handling and storing confidential and sensitive data, including financial and employee personal information, which are crucial for smooth daily operations. Cybercriminals can exploit security vulnerabilities in outdated operating systems to make attacks and steal confidential data, leading to increased data breaches. Additionally, compatibility issues caused by outdated operating systems can affect the stability and performance of existing applications or software, which may result in system crashes and data loss.
🚨What are the Hidden Concerns if Companies Do Not Update Their Operating Systems Regularly?
As aforementioned, as an updated system may increase security risks, including severe security gaps and incompatibility issues, companies must stay vigilant and be aware of the consequences caused by using an outdated system. Data breaches can lead to legal liabilities, and expose businesses to risks of ransomware and data misuse, resulting in unnecessary financial losses. Moreover, an operating system vendor cannot support an outdated version forever without time limitation. When issues arise in an outdated system, you may lose access to professional technical support. This not only makes system maintenance more difficult and costly, but also increases the burden on internal IT departments—creating more problems than benefits.
📍Case Sharing: Security Gaps from Outdated Operating Systems Led to Major International Cyberattacks
In 2017, the global cyberattack known as the ‘WannaCry Ransomware Attack’ occurred, exploiting security gaps in Windows XP caused by the end of support. The ransomware spread to over 50 countries, affecting more than 200,000 computers. Victims were unable to use their operating systems until they paid the ransom, with notable companies like FedEx, Honda, Nissan, and the UK’s National Health Service (NHS) among those impacted. This incident highlighted the disastrous consequences of using outdated operating systems.
To learn more about the latest version of FlexAccount, or to discuss your existing data security measures or system upgrades with our system consultants, please do not hesitate to contact us.
