09/13/2024 | News release | Archived content
Because technology drives our every move, cyberattacks have become a menacing force that can strike at any moment. The FBI Internet Crime Complaint Center received 800,944 complaints in 2022 for a $10.3 Billion USD loss. According to Statista, 68% of organizations in the United States experienced a ransomware attack and paid the ransom.
But let me tell you a secret - protecting your business in the digital realm goes beyond firewalls and antivirus software. You must ensure the continuity of your operations. This continuity will safeguard your assets and build trust with your customers.
Cybersecurity is a cornerstone for business continuity planning. It shields your business from the ever-looming dangers of the digital world. Hackers, cybercriminals, and malicious actors seek to exploit your systems' weaknesses.
Without a strong cybersecurity strategy, your business becomes a sitting duck. You are vulnerable to data breaches, ransomware attacks, and other devastating cyber incidents.
Focus on cybersecurity to safeguard your critical assets. This ensures the uninterrupted continuity of your operations. Investing in cybersecurity gives you resilience, trust, and peace of mind.
Create your business continuity plan with a step-by-step checklist.
To ensure business continuity, you must put in place effective cybersecurity strategies. The current threats call for proactive measures to protect your sensitive data. These measures will help maintain seamless operations.
Educating your staff on best practices can reduce the risk of human errors that can lead to security breaches. These best practices include:
Performing penetration testing and regular vulnerability assessments can identify weaknesses in your systems. By finding these weaknesses, you can patch them before malicious actors exploit them.
You can strengthen your infrastructure by embracing a defense-in-depth approach. You can do this by having multi-layered security measures, such as:
You need to have a robust incident response plan in place. This plan ensures that your team can swiftly and effectively respond to a cyber incident. A quick response minimizes the damage and downtime. Update this plan regularly. New threats will emerge, and your organization's cybersecurity needs will evolve.
An incident response plan should include these procedures:
Train your team on how to put in place the plan in the event of a security incident.
Using these cybersecurity strategies helps you fortify your business's resilience. This ensures that any disruptions caused by cyber threats are swiftly addressed. This allows you to continue serving your customers and maintaining business continuity.
Because cyber threats are constantly evolving, you must protect your business. Implementing effective cybersecurity measures can safeguard your sensitive data and ensure smooth operations.
Here are two steps to protect your business from potential cyberattacks.
With these steps, you can significantly reduce the risk of cyberattacks. This will protect your business from potential threats. Don't wait until it's too late - take action now to secure your business and ensure its continuity.
Many businesses may hesitate to put in cybersecurity measures. They are concerned about costs and resource allocation. But, the potential consequences of a cyberattack far outweigh the investment required to install effective cybersecurity measures.
The financial costs of a data breach can be staggering.
An IBM and the Ponemon Institute study found that the average cost of a breach in 2022 in the United States is $9.44 million. The global average is USD 4.35 million, a record high. The average cost per compromised record is $164, a seven-year high. These costs include data loss, legal fees, and regulatory fines.
These costs do not include the disruption to your business operations and the loss of customer trust.
According to Statista, businesses spend an average of 12% of their IT budgets on cybersecurity. This is an average, and several factors affect these numbers:
The average for small businesses is 8%, while large enterprises spend around 20%. Cybersecurity can be expensive if you are a small business with limited resources. But if you do not pay for cybersecurity upfront, you will pay for it later.
Cybersecurity is not a cost-it's an investment. It can be expensive, but it's also necessary for business survival today. A data breach's financial cost can devastate your bottom line. It also affects your reputation and trust with customers. If you want your company to survive, invest in cybersecurity today! Preparis is here to help you.