The threat of a cybersecurity breach is real and rapidly becoming more common.
The Harvard Business Review reports that payouts by the victims of cyberattacks increased by more than 300% in 2020. Developing best practices to prevent this growing threat from crippling your business should be at or near the top of your list of concerns as a business owner or professional.
Many of the world’s most well-known companies have fallen victim to cyberattacks in the last decade, exposing their clientele’s precious information and losing billions of dollars. Some examples include:
- Adobe (153 million users’ data compromised)
- eBay (145 million users’ data compromised)
- Equifax (148 million users’ data compromised)
- LinkedIn (134 million users’ data compromised)
- Marriott International (500 million users’ data compromised)
- Yahoo (3 billion users’ data compromised)
It is important that your business has internal security in place to keep from falling victim to she same hacks as these world-renowned companies. If not, it is time to meet with your company’s leadership and take measures to prepare for the inevitable, specifically by:
- Developing and implementing internal policies and procedures to monitor for and respond to hacking efforts
- Performing internal audits to assess your business’s current readiness in the event of an attack
- Shoring up your business’s insurance coverage in the event your monitoring and defensive measures fail
Read the full article “Today’s Cybersecurity Threats: Not If, But When” to better appreciate risks, challenges and best practices to protect against these cyberattacks.