Q: “I can’t believe how many companies don’t! They may start to do it if they watched the companies I have seen wiped out. My business is booming because rsquo & company doesn;t even know that they are goal. ” — James
Consider this unexpected story: Last year, five sheriff and police departments in Maine were victims of ransomware strikes. Lincoln County, Maine, Sheriff Todd Brackett didn’t need to pay the ransom, but after two days he gave in, since they had no option. They couldn’t risk losing their data.
“We’re cops,” he also told NBC News. “We generally don’t pay ransoms. ”
How big is the danger to organization? Very big, Big. According to the Verizon Data Breach Investigation Report, 61 percent of breaches hit smaller companies last year, up from the previous year’s 53%.
And, Based on UPS Capital,
âº Cyber strikes cost small companies between $84,000 and $148,000.
âº 60% of small companies go out of business within six months of an assault.
âº 90% of small business don’t use any data protection whatsoever for company and customer information.
Almost two-thirds of all cyberattacks are directed at small business, individuals.
And the thing is, you have a whole lot to lose. Small companies store not just their own crucial data and information but also customer records (including maybe credit card, social security, or other amounts), vendor info, customer records, passwords, and much, much more. It is a lot to lose, should you ever lose it.
So, given all the — my nagging and the dire warnings and the present and clear threat to your own business — the question has to be, how can you protect yourself?
It ends up, you will find a number of things that you can do. And they’re fairly easy, too. For starters, it should go without saying that you have to safeguard your business and its own computer systems. This means two things.
First, you have to install cyber security software on all of your computers and mobile devices (yes, mobile devices, also.) Such systems are run through the cloud and are always-on should make a no-brainer.
Secondly, you have to install remote computer backup in order, should the worst happen and you’re assaulted, you’ll have a remote system backup protecting you and allowing you to recover rather than be among the 60% to go out of business because of a cyberattack.
UPS Capital has a few additional smart suggestions. These include
âº Regularly examine your data safety systems and procedures.
âº Create a data breach response strategy that carries a communications reply plan — how you are going to notify clients, staff, the media, etc..
âº Getting cyber liability insurance.
Similarly, Verizon, Also, has a Few recommendations:
âº Train staff to spot the warning signs of “phishy” email.
âº Encrypt sensitive information.
âº Enable two-factor authentication.
âº Don’t forget physical security. Not all data theft occurs online.
Let’s not become a statistic. There is now A little work business.
Today’s tip: Finally, what do you need to do if you become the victim of a violation or attack? UPS Capital has these recommendations:
âº Act promptly. Speak to your team, legal counsel and cyber liability insurance agent.
âº Contain the breach. Take systems that are affected offline, but don’t turn off them. That’s so your IT staff can inspect the origin of the breach.
âº Document every measure. Authorities will have to know these details.
âº Communicate clearly. Ensure classes are made aware of the measures and the issue.