Cybercrime takes many forms, many of which can be devastating for businesses. Computer viruses can damage software and hardware, causing some operations to slow down or cease completely. Malware attacks can release programs onto computers and servers that can cripple them. Ransomware attacks can result in denials of service or the loss of sensitive information unless money is paid to the cybercriminals. Cybercrime represents a clear and present danger to any organization. No company is truly immune from the effects of cybercrime, and it is a sobering fact that acts of cybercrime continue to rise around the world. Businesses of all sizes need to protect themselves from the threats posed by cybercrime. In this article, three main ways in which this can be achieved will be described.
Take out cyber insurance
A growing trend amongst corporations from a wide range of sectors is to take out comprehensive cyber insurance plans with a provider specializing in this insurance field. A good cyber insurance plan will include cover and financial protection from system damage that typically occurs in the wake of a cybercrime. In addition, if an act of cybercrime directly affects your customers you will have protection from any liability claims on their part. If money is extorted because of a ransomware attack or theft from online accounts, this can also be covered against. When taking out a cyber insurance plan, pay attention to exactly what is covered and what is not. A comprehensive cyber insurance policy covers all major types of cybercrime and allows the business to feel assured that elevated levels of protection and cover are in place.
Education
One of the most powerful tools in the battle against cybercrime is having a highly educated and knowledgeable workforce who are fully aware of the methods used by cybercriminals and the impacts of a successful cyber attack on a business. Research strongly suggests that education in the methods and effects of cybercrime is at least as important as protection against these acts. In many instances, employees can prevent cybercrime from taking place through vigilance and knowledge. For example, a malicious email containing malware can be identified easily with the right level of training and education. Ideally, this cybercrime education should be delivered to staff by regular training sessions in addition to mandatory training packages provided annually and to new starters.
Strong IT infrastructure
Finally, another key weapon in the war against cybercrime is ensuring that IT systems and networks are protected against cyber attacks. Companies should ensure that their IT departments install strong firewall software within their IT networks. This is a key way in which IT professionals can identify threats and subsequently quarantine them before any damage or theft takes place. In addition, having modern and regularly updated antivirus software installed across all IT platforms and smart devices can effectively minimize the risk of virus attacks. Today, antivirus software and modern firewall systems can identify and protect against an immense range of cyber attacks.
