Cybercrime was a major threat to businesses in 2020 as the world turned to remote working. Businesses operated over Zoom calls, e-mail, and various other technologies. Unfortunately, remote working brought an influx of cyber-attacks as businesses were more vulnerable to being hacked. In 2020, even the most confidential information had to be sent digitally – providing hackers with greater access and opportunity to seize business data.
Cyber gangs, such as Cosmic Lynx and Exaggerated Lion, are only getting smarter and more dangerous. They can combine crimes, like ransomware and extortion, to cause irreparable damage to businesses around the globe. As a result, companies need to invest in high-quality cybersecurity software to protect their data and business from being attacked.
If you have suffered a cyber-attack, seek the advice of a technology lawyer to find out more. Here are a few ways to prepare for the wave of cyber-attacks against businesses.
Understand Your IT environment
You need to understand every section of your network and how it connects. You may have cybersecurity on your laptop – but not your phone and iPad. Hackers can collect information from your unmonitored devices to gain access to your computer and broader database. Make sure both your personal and professional devices are protected.
Multi-factor authentication can keep most hackers out of your business network. You should change employee passwords monthly, use request and access authentication, and even face-ID. Antivirus software and firewalls are no longer as important as authentication. While multi-factor authentication can be tedious and time-consuming, it can save you a lot of time and money in the future.
You should also bear in mind that your investor and client details are also stored on your company software. These individuals may feel uncomfortable working with your business if you do not have the necessary cyber protection in place. Consumers are also less likely to invest in your business if their private addresses and bank details are at risk of being leaked.
Prepare Against Ransomware
Ransomware has become increasingly prominent in the last few months. Hackers can access private data and use it to ruin your company until you pay the ransom. Ransomware can destroy your reputation as a business owner, and it can become a drain on your finances.
Cybersecurity software can seem expensive and unnecessary if you are unaware of the severity of cyber-attacks. Cybergangs are targeting businesses to gain money and information. The more successful and profitable your business becomes, the more attractive you are to cybercriminals.
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