We all understand the benefits of new technologies – especially when it comes to productivity and collaboration among workers.

However, the advent of the digital business age has also raised the risks of an external cyberattack, one which could impact both revenues and reputation.

Is your business prepared to handle such a threat?

Assessing cyberattacks

These are events that often have no warning, and can hit at any time of the day and through a number of methods. Commonly, attackers are based in overseas locations, with motivations ranging from data collection to financial damage.

For example, an attacker may attempt to gain access to a secure business server in order to steal sensitive company information. On the other hand, a phishing group could send an email to a worker, asking for personal credit card or banking information.

Whatever the motivation, the attacks are often devastating, and result in the loss of customer and employee data.

The options for security

Thankfully, cybersecurity can prevent such attacks from occurring if systems are put in place correctly and updated on a regular basis.

Here, we’ll take a look at several of the required security systems.

  • Local security: This should encompass security software on employee desktops, and any servers used by the company.
  • Mobile security: Security software needs to be installed on smartphones, tablets and other mobile devices.
  • Frequent checks: This is called vulnerability management, and involves constantly checking the company network for possible security flaws.

Cybersecurity needs to become a priority for businesses, especially given the risks associated with unprotected systems. IT liability and business interruption insurance, in addition to appropriate security systems, should become the top company priorities moving forward.