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7 Essential Reasons to Prepare For Cyber Security Attacks

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Written by: Taylor_73 | June 8th, 2017 | No Comments

As a business owner, you enjoy the rewards of effective marketing strategies, providing lucrative services, satisfied consumers, and a job well done.

Your business is running smoothly, thanks to your team’s hard work, talent, skill and successful planning. Things couldn’t be better.

Then, in a flash, all of your sensitive information is stolen from under you. All of your hard work and planning now seems to be in vain. And you’re left picking up the pieces. 

Let’s take a look at 7 essential reasons to prepare for cyber security attacks. 

1. Knowing What You’re Up Against

You’ve heard the saying, “knowledge is power.” Well, cyber security is no exception.

It’s important to know what kinds of threats are out there and ways to keep your information safe from cyber security attacks. 

The threats can change as rapidly as the day. The top online threats of today may be completely different tomorrow. 

Educate yourself on the cyber security attacks currently affecting other businesses. Learn what these businesses did to protect themselves and how they responded. Remember, learning what not to do is just as important as learning what to do.

Create strong passwords and change them frequently. This can lessen the likelihood of an attack in the case of leaked information. And maintain current anti-virus software to keep your business’ defenses at the ready. 

2. The Frequency of Cyber Security Attacks is Steadily Increasing

You may have heard that there are cyber security threats that can affect your city, your state or the entire world. This might sound like an exaggeration, but the truth is, we really don’t know just what hackers are capable of. 

The amount of reported cyber security attacks has dramatically risen over the past few years. Businesses are more vulnerable than ever before.

This is why it’s helpful to invest in cyber attack insurance. So, if the worst case scenario plays out, you’ll be covered. 

Also, it’s in your best interest to invest in professional high quality, business-level anti-virus software. It may mean spending more money now, but it can ultimately mean protecting millions. 

3. No One is Immune To Cyber Security Attacks

Cyber attackers don’t discriminate. Whether you own a large company, a small business or are an elderly grandma, hackers will get you if they can.

It can be helpful to have a designated person on staff who ensures that all anti-virus software is up-to-date and working properly. Better yet, have a team of people who routinely check to make sure everything is secure by way of daily scans.

Train your employees to verify all financial dealings either by phone, Skype or in person. Don’t rely on email to handle financial matters, especially when transferring money. 

To keep your business safe from potential cyber attacks, you’ll want to pull in the support. Build relationships with law enforcement, the media and anybody who has successfully survived a cyber attack. 

4. Customer Data Is Valuable

Your consumers are more than a number, a file or a sale. They are human beings who give you valuable information.

You owe it to your customers to keep their information safe. They trust you. They rely on your ability to act responsibly with pieces of their lives.

In the event of customer data being exposed, it’s important to be prepared with a plan for responding to the situation. In other words, how will your team address the breach in security? When and how will you communicate with your customers?

By disabling auto-run on your computers, you can evade certain potentially aggressive viruses. Without the auto-run feature enabled, viruses won’t be able to attach and install themselves through seemingly benign data.

You may want to invest time and energy into holding a training to role play the incident response plan. Have employees show you what they’ll do if they find out customer data has been exposed. 

5. Cyber Security Attacks Affect Your Reputation

No matter how prepared you are for cyber attacks, your reputation will be tarnished if an attack occurs. Consumers will struggle to trust you with their information again.

Disable the ability to view images in emails on work computers. This decreases the chance that a virus can sneak itself in by these means.

It can be useful to have a plan for damage control in the event of an attack. Again, a training to role play effective ways to repair the company’s reputation may be warranted.

6. Your Confidential Business Information Should Remain Confidential

Whether you run a big business or a small one, all of your confidential business data is precious.

Just think about what’s at stake in the event of a security breach. You face exposed:

  • Trade secrets
  • Business processes and practices
  • Methods of operations
  • Tax information
  • Employee social security numbers
  • Inventory
  • Income, profits, losses, expenditures
  • Stock information

Educate your staff on not opening any attachment or clicking a link until a sufficient virus scan has been performed. This even applies to content from a trusted source. Anybody can be a victim of a virus. 

7. Cyber Security Attacks Cost You Money

From a damaged reputation to stolen credit card numbers to leaked confidential information, the toll attacks can take on your financial standing is staggering.

Another financial blow can occur when a hacker siphons money from one of your business accounts. Or when an attacker asks for a ransom in exchange for keeping your sensitive information confidential.

Your team may be spending extra time and energy contacting consumers to alert them of the security breach. You may also be paying for customer’s credit reports to ensure they didn’t get their information stolen. 

Pop-up blockers and link protection are helpful to avoid attacks. And educating employees through regular training is a great use of business time, energy, and money.

Guarding Yourself Against Cyber Security Attacks

As a business owner, your top priorities are in keeping your organization safe, protecting your customers and employees and securing your business interests. 

For more support in protecting yourself from cyber security attacks, contact us today

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