Choosing a Cybersecurity Approach

In the first part of this series released on Tuesday, we set the stage for present-day ransomware attacks. These professional enterprises have developed (and continue to improve upon) automated technology that increases their reach and depth of attacks. Businesses can no longer take a wait-and-see approach or keep kicking the cybersecurity can down the road.

With ransomware attacks like the recent Colonial Pipeline interruption, we’re also starting to see that the country-to-country “handshake agreements” designed to protect utilities and critical infrastructure are starting to crumble. It’s beginning to appear as though nothing is off-limits.

Even small business owners are becoming increasingly vulnerable to these potential hacks. When these virtual ransomware conglomerates go after the big targets, small companies can get swept up in the net.

Step-by-Step to Safer Data

Following a year in which the global pandemic dealt a heavy blow to small companies, no one wants to fall prey to devious international hackers. Like any other aspect of risk management, there are three primary ways to address the issue of cybersecurity:

If they did get in, their impact on the business was minimal compared to what’s at stake in today’s cybersecurity environment.

However, as time goes on and ransomware demands increase in frequency and amount, Cybersecurity Insurance is likely to become much more expensive with tighter underwriting requirements and more restrictions on payouts.*

Just like many of the businesses we work in, these bad actors are finding that automation empowers them to expand their operations to reach more data sources with less human interaction. These nefarious organizations also successfully compete for top IT talent, which empowers them to continue elevating their automation game. Here’s a widely-accepted approach mitigating a serious data breach:

Many of us remember cinematic hackers in movies like Tron, War Games, The Net and Office Space. But today’s cyber criminals aren’t working from a script – they’re flipping the script and bringing high-stakes ransomware attacks to businesses of all sizes, just when they least expect it.

We’re proud to offer advanced technology and security solutions to protect the business you’ve worked so hard to build. We’ll help you take control of your data … before someone else does.

Did you miss Tuesday’s Report? See Part 1 of the series.

* This article is provided for general information purposes and is not designed to provide legal or insurance advice. Please check with the appropriate financial advisors to determine the best approach for your business.

** SOCKS stands for Secure Over Credential-Based Kerberos Services. Different than a VPN, this protocol functions like a proxy server providing added anonymity by generating a randomized IP address before delivering data from your network and devices to its destination.


Article by Don Dawson, President

Principal Owner, Law Firm

Our law firm uses IT360, Inc. for all of our technology needs. They not only provide outstanding service at a reasonable fee, but we consider them an integral part of our practice.

Principal Owner, Law Firm

Recent
Technology News

IT 360 News
Five Signs of Social Engineering

Social engineering can come in many different forms: via email, websites, voice calls, SMS messages, social media and even fax. If it is a communication method, scammers and criminals are going to try to abuse it. Although the communication’s method may vary, the message the scammer is trying to convey has five traits in common. […]

Read more
IT 360 News
79% of Employees Have Knowingly Engaged in Risky Online Activities in the Past Year

With employees not believing that it’s important to personally worry about cyber security risks, they also tend to believe they’re not a target, new data suggest as the reason for the risky behavior. In most cyberattacks, the employee plays some role – clicking on a malicious attachment, giving up their corporate credentials to an impersonated […]

Read more