Can Cybersecurity Protect Your Business Against Attacks?

In the early days of cybersecurity, IT professionals divided businesses into those that have been hacked and those that will be hacked. As technology improves and hackers hone their skills, this outlook has become bleaker. Now, IT security specialists view companies as those who know they have been hacked and those that do not.

While it is unlikely that every business in existence has experienced a data breach, the threat is real. Of the plethora of risks businesses face on a day-to-day basis, cyber incidents represent the third largest of them all. Victims are as varying as their attackers are. Large corporations, small businesses, non-profits, and even government organizations are prone to attacks. These cyber aggressors could be hacktivists for a specific social cause, individual attacks for fiscal gain, and more.

Protecting Against Cyberattacks

The situation is not as dire as many in cybersecurity make it seem. Businesses do not need to revert to non-technological forms of communication and data storage, but they do need to protect themselves. The easiest way to do that is with cybersecurity insurance. Unfortunately, many businesses neglect this type of insurance until it is too late.

The first step to managing cyber risk is acknowledging it requires attention and resources. If a business neglected cybersecurity in the past, they need to make it a priority now. This does not just mean preventing cyberattacks. Businesses also need to have a plan in place in the event of a successful breach.

Common Sense Measures

Beyond investing in cybersecurity insurance, businesses should also make sure they are engaging in best practices. Holding cybersecurity training for employees, discouraging sharing passwords, and changing passwords on a regular basis are simple measures employers can take to reduce the likelihood of a security breach. More often than not, hackers obtain their information from unsuspecting employees. If employees know the signs of a scam or suspicious email, they can take the appropriate steps to contain the threat.

Cybersecurity is a multifaceted issue that can be difficult for businesses to navigate. The Reilly Company can help your business understand what cyber protection policies are available to them as well as what type of coverage best suits their needs. To learn more, contact us.

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