You’ve likely seen stories on the news about organizations falling victim to cyberattacks. Businesses, schools, and even entire cities have had to pay millions of dollars to hackers in order to restore stolen data. Still, most owners and managers aren’t doing enough to shore up security at their businesses, which could negatively impact their bottom line in a serious and irreversible way. The report found that cyberattacks in general are very much on the rise and the financial cost of these cyberattacks is getting worse and worse over time, particularly when it comes to business email compromise. Suffice it to say, finding a way to protect yourself from cyberattacks could make a huge different when it comes to the financial wellbeing of your company. The best place to start is a password manager. With the majority of security breaches starting with poor password security, getting your team on board with a password manager can keep credentials safe while alerting you to potentially vulnerable logins. VPNs are also key for businesses, as it will allow your remote employees to access company systems without putting you at risk. Finally, antivirus software will really shore up your security, providing you with the tools to detect threats before they become a serious problem. All these tools are a good start, but as a business, you really need to be investing in cybersecurity professionals on your team. These threats evolve on a daily basis and having someone that knows what they’re doing can keep you safe from “catastrophic financial loss.”
