The president of a hacked U.S. government contractor says a recent breach has cost his company $500,000 to $1 million in what he deemed a “learning experience” that should be shared with other organizations to raise their network defenses.
“It could happen to anyone,” Sandesh Sharda, president of Arlington, Virginia-based Miracle Systems, told CyberScoop. “We keep hearing about all these hacks all the time, whether it’s Baltimore, whether it’s Texas, whether it’s Capital One, commercial or government. This is not going to go away…How we prepare our industry for these kinds of hacks is [what’s] most important.”
It’s been a month since Miracle Systems, which provides IT, engineering and other services to more than 20 federal agencies, learned that its internal server had been breached.