The global average cost of a data breach is around $3.83 million. Cybercrime can lead to the loss of valuable business information, revenue and countless hours of time. It is more important than ever before to invest in cyber liability coverage, especially in today's cybersecurity landscape.
If you’re feeling overwhelmed by the climbing number of cybercrimes and attacks year after year, you’re not alone.
Cybercrimes cost the world nearly $600 billion a year – that is 0.8% of the global GDP.
Although this statistic seems scary there are practical ways to protect your business from cybercriminals and minimize attacks heading into the new year.
The convenience of one-click ordering and next-day delivery are attractive to today’s consumers. Online Grinches know this and use every trick in the book to rob you and your business blind. The holiday shopping season is particularly lucrative for cybercriminals for several reasons: the sheer increase in online shopping, consumers’ thirst for online bargains, and the distractions and busyness that are synonymous with this time of year.
The number of organizations that face cybersecurity hacks is growing every single day. In fact, according to ID Agent, 36% of organizations surveyed suffered a serious data security incident such as a cloud data breach in the past 12 months. The method that cybercriminals use to hack is becoming more and more sophisticated.
If you’ve ever had to offboard an employee, you know the pain and headache of updating passwords and ensuring that your data is safely protected once they leave your company. Security is a key piece to offboarding and must be something that is monitored.
How to Stay Protected from the Growing Threat of Cybercrime
Lliam Holmes, Certified Ethical Hacker and CEO of MIS Solutions, shared a wealth of information at the company’s annual Tech Exchange 2021. MIS sponsored Tech Exchange to show appreciation to its clients and also to provide them with the knowledge they need to stay protected from the growing threat of cybercrime.
Most businesses simply respond to cybersecurity attacks when they happen, leaving them vulnerable and scrambling to come up with a defense plan at the last minute. With proactive cybersecurity, your business can prevent losing thousands of dollars by deploying advanced security solutions and having an incident plan in place to respond to attacks.
In a perfect world, business owners would never have to worry about falling victim to cybercriminals. Company data and critical systems would be immune to cyberattacks and breaches. Unfortunately, we don’t live in a perfect world and keeping your business safe demands awareness (by your people), vigilance (in creating and following processes) and advanced security tools (technology) to stay ahead of bad actors.
If you have social media or Gmail, you have probably been asked to turn on multi-factor authentication at one point or another.
More than 80 percent of all hacking-related breaches leverage weak, default or stolen passwords. So, the use of multi-factor authentication is extremely important, especially in today's remote environment.
Are you and/or your employees still working from home? If so, is your cybersecurity hygiene up to date?
According to Gartner, the worldwide information security market is forecast to reach $170.4 billion by 2022. With more people working remotely this year than ever before, cybercriminals are taking full advantage of the current state of the market.
