Are You Prepared for Computer Security Threats to Your Company?

 

With the continuing growth of the digital world, computer security threats are increasing in number and severity. Unfortunately, in this day and age, even hospitals are being hacked and forced to pay ransoms.

Studies show that cybercriminals are expected to steal 33 billion records from businesses in 2023. Half of those records will be from the United States.

Businesses that rely on technology to communicate, store data, market, and expand may be left in the dark after a cyber attack. As your business grows, you need to be prepared for these digital security threats.

We’ll discuss some of the most common threats below and ways you can protect yourself and your business.

Ransomware

Ransomware includes computer programs that deny a business access to their files unless they pay a hefty ransom. This tactic is becoming popular among hackers, being used to demand ransoms from governments, schools, and even other large organizations.

To make matters worse, some of these hackers do not release access even after a ransom is paid. This costs the business/institution a lot of time and money.

How to protect yourself

  • Invest in strong antivirus software, which specifically also targets ransomware
  • Use non-business email addresses when ordering online or signing up for services
  • Back up all valuable data onto a hard drive
  • Invest in cyber liability insurance to protect your business in case of a hack

Data Leaks

We’ve become dependent on the amount of customer, employee, and business data that is stored electronically. Albeit convenient, having these files in a cloud server or other electronic storage area leaves the data vulnerable to data leaks and breaches.

How to protect yourself

  • Create complex passwords
  • Give little access to files, minimizing multiple entry points into the server
  • Invest in a firewall

Distributed Denial of Service

This attack essentially shuts down/crashes a server by overwhelming it with requests. This prevents the system from being used effectively until the requests are canceled.

How to protect yourself

  • Secure your network access with firewalls, a VPN, content filtering, and anti-spam software
  • Monitor for unusual activity and contact help when needed

Phishing

Phishing involves obtaining personal information to access private documents or funds. This can include hacking an email, or even a bank account. Phishing attempts may include malware, which are files that attackers will download onto your device to compromise your computer security.

How to protect yourself

  • Never open suspicious emails or files
  • Use spam filters to limit exposure to suspicious emails
  • Train employees how to protect themselves from cyber attacks
  • Limit the amount of personal information that you post online

Protect Your Business From Computer Security Threats

Computer security threats are now increasingly common. The risk of being unprepared in the event of a cyber-security breach is not one that growing businesses should take.

This security will not only protect your business and employees, but will also retain client trust.

For more information on cyber liability insurance, and commercial insurance in general, and how it can help you in the event of an attack, visit our website today.