Cyber attacks are the number 1 business risk.
60% of small companies that suffer a cyber attack are out of business within six months. 90% of small business don’t use any data protection at all for company and customer information. Almost two-thirds of all cyber attacks are now directed at small business, people.
And yet most businesses don’t do anything to proactively prepare for such an attack until they or someone they know has it happen. According to the Verizon Data Breach Investigation Report, 61% of breaches hit smaller businesses in 2017, up from the previous year’s 53%.
Even if you are lucky enough to recover from a cyber attack, you may be held legally responsible for the leaking of sensitive customer information. And it’s seldom that your current business insurance will cover the millions of dollars you could be required to pay.
What can you do?
If you are a do-it-yourselfer, below is a list to get you started. Make sure to include your IT support people, your attorneys and your insurance rep.
If you want it done efficiently and professionally, fill out the form on the left and schedule a free cyber security consultation. We will help you identify, prioritize and implement what’s needed to minimize the risk of cyber attacks for your specific IT infrastructure.
- Install cyber security software on all of your computers and mobile devices (yes, mobile devices, too).
- Install remote computer backups or offsite rotations so that, should the worst ever occur, you recover your information.
- Confirm router and software firewall settings.
- Get cyber liability insurance, but carefully read and understand what is covered and any pay-out limits.
- Train staff to spot the warning signs of email and website attacks – not just once, but through an on-going initiative.
- Learn about and leverage the State of Ohio’s incentive called the Safe Harbor for Cybersecurity Compliance that becomes effective this November.
- Encrypt sensitive data.
- Consider enabling two-factor authentication.
- Consider using a password manager.
- Don’t forget physical security. Not all data theft happens online.
- Develop a plan in case you get attacked that includes clear and swift communication with legal counsel.