Tag Archives: cyber crime

Cyber Crime

Closing the Door on Cyber Crime

Businesses today are under constant attack from Cyber Criminals. Ransomware,  including the WannaCry Virus , is an example of a top threat to avoid. With the risk of lost data, lost productivity and lost reputation, isn’t it time to close the door on Cyber Crime? Here are a few tips to defend your company from potential cyber attacks.

Document Operating System Security Patch Policies and Procedures

Take the time to review and update your documented security policies and procedures.  Security and related patch policy should identify who is responsible for application and operation of system patches and system updates. Clearly determine whose responsibility it is to apply the latest operating system and related security patches. Whether this process is manual, or done automatically through a managed service, be sure your employees know which is the case. Also, document your policies to verify all your systems are in compliance.

Review your Cybersecurity Framework

Avoid data breaches resulting from lack of Cybersecurity defence. Ensure your AntiVirus and Malware detection definitions are up to date. Utilize spam filtering and other Cyber Threat detection to protect your business. Consider penetration testing to identify any weaknesses on your network. Also ensure your employees are periodically trained to identify and avoid malware and phishing schemes. If you have suffered a data loss due to Cyber attack, ensure you have a communications plan to notify all stakeholders and authorities within adequate time frames. Having a solid data protection plan including Cloud Backup can minimize your exposure and increase your recovery time.

Study Machine Learning to Combat Cyber Threat

Cybercriminals are using automation, artificial intelligence and machine learning to trick you and your employees to take the bait on phishing, ransomware and other cyber attacks. Why not fight fire with fire? Leading Cybersecurity suppliers  are pouring millions of dollars into research and development to embed Machine Learning to detect and combat Cyber threats. This Machine-to- Machine combat will evolve over time and soon combine with artificial intelligence (AI) to train your employees on how to identify and avoid these cyber attacks in the event your perimeter security is breached.

Cyber threat and related Cyber attacks are a top concern for many business owners. Staying one step ahead to protect your business network is a constant effort. Contact your technology advisor to find out more how you can close the door on cyber crime today.

Costs of Data Breaches Up 23% from Last Year

A new report from the Ponemon Institute, an organization that publishes the annual “Global Report on the Cost of Cyber Crime,” recently announced that the cost of a data breach has jumped 23% from last year. Here’s what your small to medium sized business needs to know about being prepared in case of a data breach.

The Data Breach by the Numbers

The report revealed that a data breach will cost a large company about $640,000. This price tag includes hefty costs, such as business disruption, information loss, and detection. The report also revealed that it takes a company an average of 31 days to recover, yet experts advise that the time to remediate from a breach should only be less than one week. Interestingly, small organizations have a higher per-capita cost than large organizations. So, what can your business do to be more prepared?

Have a Data Breach Incident Response Plan

An Incident Response is an organized approach to responding to and managing the aftermath of a security breach or attack. The goal of such a plan is to limit damage and reduce recovery time and costs. An Incident Recovery plan should include a clear-cut definition of what your company constitutes as an incident and a subsequent step-by-step process that should be followed carefully after an incident occurs.

Consider Hiring an Information Security Firm

If you contact an Information Security firm after a data breach occurs, your organization will have to pay more money and wait longer to recover. You may not be prepared to remediate and respond in time. Knowing who to call helps your organization avoid loss of downtime, loss of reputation and other potential damages. Investing in preventative measures in the possible event of a data breach is one of the smartest things your business can do to protect itself and its money. If you need help assessing your risk of data breach, contact your trusted IT advisor today.