If you are a news buff, you might have realized a significant uptick in the attention paid to cybersecurity issues. There are a few reasons for this, including the hacking of the 2016 presidential election and the increase of near-global cyberattacks.
Cybercrime goes through trends like any other \industry\" and it's important to understand these if you want to keep your business safe from digital threats.
Thankfully, CyberPolicy can assess your unique needs and vulnerabilities to match you with one of the leading cyber insurance providers. In addition to mitigating the harmful effects of cyberattack and data breach, this will afford you peace of mind.
Below are a handful of the most common threats currently being faced and what small and medium businesses can do to stop them.
Ransomware Attacks: Ransomware has been around for a while. Basically, a malware program locks your computer from the inside and only the hacker has the key to unlock it - for the right price. This problem has gotten worse with the arrival of massive, international ransomware attacks such as WannaCry, GoldenEye and Petya. Assaults of this type can cost businesses thousands of dollars in downtime, in addition to the cost of extortion fees and malware removal.
Dodging attacks can be tricky, as cybercriminals constantly transform their efforts. But you can greatly improve your chances by averting suspicious emails, attachments, downloads and plug-ins. If you are victimized by ransomware, quarantine the device to prevent further incidents of infection.
Next-Level Phishing Scams: Like malware attacks, phishing scams are nothing new. But that doesn't mean they aren't scary - especially as hackers have gotten creative with their cons. Instead of relying on too-good-to-be-true email scams from Nigerian princes, new spear phishing campaigns beguile web users into sharing personal and financial information with cyber crooks.
And, it's gone beyond email. Social engineering scams now come in the form of phone calls, social media messages, imitating friends and coworkers-anything to help hackers weasel their way into your data.
You can keep your sensitive data safe from these threats by by eschewing email, investing in encrypted cloud storage and training your employees to identify scammers.
State-Sponsored Hacking: As mentioned above, Russia's interference with the 2016 presidential election brought government-backed hacking to the forefront of public consciousness; but it's hardly the first instance of state-sponsored cyberattack. It was revealed in 2014 that China had hacked government agencies, human rights groups and Fortune 500 companies. Google has sent warnings to journalists and professors targeted by state-backed hackers since 2012. And there's the infamous 2014 breach of Sony Pictures by North Korea.
In truth, there is really no way to stop a group of government-backed hackers from breaching your network, if they are determined to do so. After all, these organizations have nearly boundless resources at their disposal.
The best thing you can do for your small business is invest in cyber insurance. That way, even if your defenses are abrogated, you'll have a partner in the effort to rebuild your company.
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