Computer viruses are just the
beginning in the long line of possible cyber threats. The spectrum extends to
limits still unexplored, and are still expanding to very this day.
Cyber attacks are very real and aren’t
limited to the four walls of fiction. At the top of your head, the closest
examples of cyber attacks when it comes to business involve phishing and credit
Phishing is defined by what it sounds
like. It happens when notorious online parties put an effort to steal sensitive
information such as passwords and personal details to either gain leverage or
to put to fraudulent use.
Credit card scams lure you into any
way possible to provide key information so hackers can simply pluck away from
your bank account.
Various media such as films and books
may give us the false idea that these threats only cover high-profile targets,
but anyone with as much as a mobile phone is easily vulnerable these days. Even
their respective fields have been no stranger to these incidents: from early
leaks to unprecedented releases.
In the tough world of business, data
still tops the pyramid as the most valuable resource, not contingent to other
factors such as potential clients and revenues.
In this case, it’s conclusive to say
that a breach of data is just as much as a loss such as losing potential
As responsible business owners, people
have to know better than merely investing in physical security. A business
dictates its own network, and having many devices on that very line increases
the risk of having your data stolen.
2018 marked a sudden spike in cyber
attacks from across the world. Juniper Research predicts that the United States
for example, will account for half of all total data breaches by the year 2023.
According to a survey ran by The
Harris Poll in 2018, nearly 60 million Americans have been victims of identity
theft. Attacks have been slowly rising by the moment, and it’s always good to
have security in the case of an incident.
Just recently, International company
Beazley has reported on alarming numbers of “sextortion” cases. This
is a cyber scam that attempts to extort money from people by claiming they were
filmed through their device’s built-in camera. These photos are threatened to
be leaked into circulation unless payment will be made, usually in the form of
Insurance has taken its steps even in
the digital world. Cyber insurance exists for a reason, and a sensible one. It
is an actual product that aims to help businesses put a fence on the growing
dangers caused by the various strings of cyber crimes.
Be it a multi-layered company or small
business, cyber insurance works for good aid that may attenuate issues.
It doesn’t matter if you’re just
starting out or already an established name. The number of applications tangled
with work increases the risk of a possible attack. Prevention is always better
than cure, and the repercussions of having your employees’ payroll details may
leave cuts that may never be healed.
There was a time when usual online
errors could be pinned on the lack of discipline of internet users. Technology
and technique have both evolved since then, and safety isn’t really a question
on everyone’s minds these days unless you take it up a notch.
The threat of data breaches from cyber
scams originates from discrediting that cyber insurance will do you any good at
all. If business moves on as usual, it will be easy to overlook an extra pinch
of security. By the time the damage has been done however, things will have
been too late.