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Cyber criminals uncover and target 480 new vulnerabilities every minute. Are you prepared?
A CYBER ATTACK CAN BE DEVASTATING to any business. And the threat is growing. By 2021, the annual cost of cyber crime is expected to hit $6 trillion, a 200% increase over 2015.1 And that figure doesn't even begin to calculate the cost of losing your customers’ trust if their personal data is compromised. Clearly, it’s critical for every business owner to implement a security program that protects against the evolving risks from cyber crime. These six recommendations can help you protect your business and your customers.
Have a back-up data strategy in place to help in the event that your corporate site is the subject of a ransomware attack.
You can help to defend against these efforts by educating your employees about the risks of cyber crime, investing in antivirus software, and keeping all your software programs up to date. It’s also a good idea to review the security systems of the partners and vendors you work with. And have a back-up data strategy in place to help in the event that your corporate site is the subject of a ransomware attack—in which malware infiltrates your system and cyber criminals hold your business hostage until a fee is paid.
1 Cybersecurity Ventures, The 2019 Official Annual Cybercrime Report
2 McAfee Labs, 2018. McAfee Report Examines Cybercriminal Underground
Neither Bank of America nor its affiliates provide information security or information technology (IT) consulting services. This material is provided "as is,“ with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this material, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, quality and fitness for a particular purpose. This material should be regarded as general information on information security and IT considerations and is not intended to provide specific information security or IT advice nor is it any substitute for your own independent investigations. If you have questions regarding your particular IT system or information security concerns, please contact your IT or information security advisor.