The 2019 Verizon Data Breach Investigation Report indicates that one third of cyberattacks involve phishing traps. These scams involve imitating a reputable source to induce staff to reveal sensitive information. As companies increase awareness of these cons, cyber criminals increase their efforts, making tactics more sophisticated.
How can you protect your company?
First, educate yourself and staff about current phishing techniques. Cybercriminals often use links embedded in emails to direct employees to unsecure sites. A second common method is to spoof a sender email address and request secure data. Scammers may also impersonate a known IT department or vendor and ask for sensitive information over the phone. Recently, phishing tactics have expanded to texting, which can be particularly effective, since staff may be more distracted and less vigilant when it comes to these informal interactions.
In addition to education, protect your business from phishing methods by using appropriate security software and remaining current on all updates. Use spam filters and web filters to block malicious content. Develop solid security protocols for password protection and encrypt all sensitive business data. Don’t forget to require encryption for telecommuters, too.
Even with the best measures in place, you may be susceptible to attacks. To fully protect your business, establish appropriate insurance coverage. Cyber insurance policies offer protection for these situations. If you suffer a data breach, data loss, business interruption, or other expenses due to cybercrime, insurance is essential for covering the resulting costs.
Contact our office to find out more about available coverage for your company.