In 2021, America experienced an unprecedented increase in cyber attacks and malicious cyber activity. Business Email Compromise is the most frequent attack vector. The FBI received nearly 20,000 complaints in 2021 that cost US businesses 2.4 billion. In 2023, it was nearly 22,000 with a $2.7B in losses. The second most costly digital crime type, […]
The number of businesses adopting online or digital services keeps growing yearly because of the many benefits they gain. That said, the transition to digital service forms comes with the risk of data breaches and network security threats. In cases where data thieves are successful, businesses often have to pay ransom to reacquire it or […]
With the business world heavily reliant on digitalization in this day and age, the use of technology in your organization is unavoidable. Although technology can undeniably give your business an advantage in increasingly competitive markets, there are many troublesome areas to keep an eye on. This is why interest in cybersecurity has risen in recent […]
What is Business Email Compromise? In a Business Email Compromise is also know as a BEC scam, or email account compromise (EAC). It’s when criminals send an email message that appears to come from a known source making a legitimate request. Every week this month we’ve assisted a business with a breach caused by stolen […]
There’s a long list of compliance requirements for businesses. PCI and HIPAA compliance are long-standing regulations that have driven credit card acceptance and healthcare entities for decades. Some that have tried to improve the security posture of impacted businesses, like CMMC with manufacturers, but have struggled to gain implementation and adoption. So, what is the […]
If you think that your cyber insurance claim will be cleared with no questions asked, think again. Insurance claim denial has risen. While reviewing your claim, your cyber insurance provider will assess whether you took “due care” to protect your business from being compromised by a cyberattack. While having a cyber liability insurance policy is […]
It reminds us of the time(s) home owner insurers dropped residents of Florida after multiple hurricanes. Insurance companies are trying to stay afloat after a huge increase in claims. The soaring cost of breach incidents are changing the way insurers do business. As a result, it’s changing the way YOU do business. Insurers are requiring […]
The COVID-19 pandemic has impacted everyone in one way or another. If there is one category that most benefited from the pandemic, it’s cybercrime. Cybercrime shot up by almost 300% since the start of the pandemic! Businesses are much more likely to be closed by cybercrime than fires and natural disasters. So, adopt measures to […]
When talking about security threats that can affect a business, this no longer applies to physical threats, such as getting your inventory stolen by an intruder. Today, businesses also have to protect themselves against hackers and data breaches. Let’s consider the top things that businesses can do to protect against security threats. Train Employees to […]
While some people might only think data protection applies to large organizations, it’s essential for small businesses, as well. Small businesses are often targeted by security threats to steal sensitive data, making data protection a must-have for any sized organization. Here are some reasons why data security is important for a small business. Reliance on […]
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