Are you exposing your business to unnecessary cyber risk? Here are five of the most common cyber risks facing today's businesses:
1. Human Error
It's not unusual to come across an employee that loses a laptop or smartphone that contains sensitive company data. The trouble is that the missing or stolen device could expose thousands of confidential client files including information such as social security numbers. This human error puts your company at risk of litigation and could ultimately cost you your business.
Malicious characters want to gain access to your confidential information for a number of reasons, including customer data, medical records, financial information, and more. Many businesses rely heavily on their website for revenue generation, and a hacker can take down a website in seconds. If hackers are to gain access to your network, you're basically at their mercy.
A big cyber risk that businesses face is that if an employee with confidential information becomes rogue and extorts the company for money in exchange for restoring essential project files. In the event that the company refuses to pay, the rogue employee could destroy files that would have a catastrophic effect on the business.
Employees create exposure for your company if they open a link in an email that triggers a computer virus. Unfortunately, phishing schemes are very common these days and provide an easy way for hackers to disable security measures to gain full access to a company's network.
Hacktivism refers to hacking an organization's network for a political or socially motivated purpose. The concept of hacktvism gained a lot of attention during the most recent presidential election. The difference between hacktivism and a traditional hacking is that the hacktivist is not performing the cyber attack for financial gain. Instead, the hacktivists are trying to make a statement and either disrupt operation or embarrass a company that is against their moral stances.
The cost of a cyber attack can be crippling to a business, which is why it's to your advantage to get cyber insurance. Our team at Summerlin-Roberts will help you to identify any cyber risk and put together a plan to best protect your business from these common threats. Please contact us to learn more about how to protect your business from a cyber attack.