What Businesses Should Know About Cyber Attacks in 2018

Protecting your business from cyber attacks.

Almost every business alive and thriving today uses technology in some form or another. With so many devices, resources, apps, software, and more, there’s no reason not to streamline practices and take the business online. Unfortunately, doing so can leave a business vulnerable to cybercrime. As we rely on technology more and more, here are a few things your business should know about cyber attacks.

Attacks are on the rise. The threat posed by cybercriminals is constantly shifting, and they always seem to be one step ahead. Digital crime is on the up, particularly on smartphones and tablets. Smaller companies are increasingly vulnerable, too.

The financial impact can be significant. Businesses of all sizes can suffer huge financial losses from theft of data and financial information, especially if they’re reliant on online trade. From cleaning up affected systems to fines for personal data being compromised, the business can face huge financial loss after even one attack.

Reputation will take a hit. It’s not just the financial costs that businesses have to worry about. A security breach can severely damage an organization’s reputation if it is reported in the media or on social networks. In turn, the company could face a loss of revenue, canceled contracts, and unsatisfied customers. Competitors will be quick to take advantage of the negativity.

Businesses can protect themselves. Cyber breaches can be prevented by putting security basics into practice, including:

  • Using secure passwords
  • Installing antivirus and malware software
  • Educating staff on cyber risks and how to respond to them
  • Downloading software updates when necessary

Protect your business with reliable cyber liability insurance coverage that can help you overcome cyber disasters. Serving Mifflintown, Millersburg, Lewistown, and surrounding cities in Pennsylvania, visit the professionals at Sausman Insurance Agency to learn how you can acquire reliable business insurance.