Why business owners should be concerned with cyber security?
Cyber crime is a multi-billion dollar industry. Cyber criminals want your money and your data. They do not care if you are a doctor, restaurant owner, or preparing taxes out of a home office. Starting in 2017, small and medium sized businesses became the target of choice for cyber criminals. With emerging threats of ransomware, phishing, and data breaches, business owners can no longer afford to do nothing.
Business Risks related to cyber security
New Paradigm in Cyber Attacks
The questions you should ask yourself:
1. "Are my electronic assets secure?"
2. "Are my employees prepared to identify and manage a cyber attack?"
New State Data Breach Law Requirements
As of April 2018 all 50 states, the District of Columbia, and US Territories have Data Breach Notification laws. Is your business in compliance with these laws?
Cyber Insurance Exclusions
Like any type of insurance, it is an important component of reducing your financial risk, but it is only one piece of your Cyber Security program.
False Technology Assumptions
Do you know what security controls your IT support team has implemented? Do you know if they are effective?
Client Security Requirements
Do you provide goods and services to other businesses? Many industries require their suppliers to have reasonable cyber security controls in place and be able to evidence them.