On a scale from 1 to 10, how prepared do you think you are against cyber attacks on businesses?
Cyber attacks are so prevalent these days, you never know when it will happen to you.
You must have heard of Ransomware and other similar malware wreaking havoc through businesses around the world.
Experts say, if you’ve been hit once, the chances of a second attack are much higher. In other words, if it happened to your business once, it will happen again.
What can you do to protect your business from a cyber attack?
In this 2 Minute Accountant episode, I am going to share with you a few tips on how to bulletproof against cyber attacks on your business.
Is your business safe from cyber attacks?
Not unless you have a safety plan for it…
If you think, “Oh, this will never happen to my business. It’s too far-fetched.” Think again…
At the moment, online security experts are saying it’s not about if an attack will happen, it’s more about when it’ll happen.
Most of the time, a cyber attack on businesses happens unexpectedly, ending up with a big BAM. It can be something as simple as getting a weird text message or email and you click on it by accident. Next thing you know is all your data has vanished.
Ransomware, for example, blocks all information on your computer or steals it until you pay a certain amount of money as ransom for all your data.
You might also be interested in: 3 Social Media Security Dangers And How To Protect Yourself From Them
What can hackers do with your information?
- Sell corporate information to your competitors
- Steal your client’s private financial information
- Worst case scenario, they use this information to attempt identity thefts
These are all serious offences that can cause great damage to your business.
Are you sure you want to take the risk?
What is the reputational damage to your business?
A cyber attack on businesses can harm the relationship with clients.
Every great business thrives on clients trust. Once trust is damaged, the business can suffer serious injuries, such as loss of customers, sales, profits and damaged relationships with investors and partners.
The good news for you is there’s new Australian reporting legislation that can protect your business against malware injuries, depending on the size of your company and the sensitivity of the information.
Tip: When it comes to cyber attacks, it’s important to have a foolproof plan. Part of your plan would be insuring against it.
Your plan should include personalised strategies for:
- Picking your business up and restarting it
- Updating your technology
- Recovering all your data
- Reputational damage (there are insurances that can cover the cost of PR)
Don’t bury your hand in the sand, it’s never a wise strategy!
Whether your business is a one-man band or a multi-billion dollar company, it’s extremely liable to cyber attacks. Make sure you have your business covered.
Since we’re already on the topic of bulletproofing your business, here’s another must-read for you: 7 Business Insurance Must-Haves To Bulletproof Your Business
Get started on your foolproof business protection plan!
Guess what? You’re in the right place here, at Shuriken Consulting. Our amazing team of specialists are more than happy to give you a hand and assist you in creating a personalised protection plan to make your business bulletproof to any kind of cyber attack.
Does it sound like a good plan? Let’s get in touch!