Can Businesses be denied Cyber Insurance?

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In our world of constantly evolving and varied cyber threats, many organizations consider cyber insurance to help them get back on their feet should they fall victim to a cyber event. Data breaches and ransomware attacks can also require specialized expertise and funds to deal with. For these reasons, many business owners choose to purchase cyber insurance for financial protection should an incident occur. Here are some reasons why you get denied cyber insurance  

Cyber security insurance used to be either very expensive or a cheap add-on to an existing policy. These days, it has its niche market and has become a critical need for many businesses. 

It’s worth noting, however, that cyber insurance does not solve all cyber-related problems, and it won’t ever prevent a cyberattack or data breach. Just like businesses with physical property need to put appropriate measures in place for security, so do companies with intellectual property. 

Unique cyber insurance for a unique business 

Generic business insurance doesn’t cut the mustard. It rarely even mentions data loss. Of course, there are overlaps in many cyber insurance policies, but businesses should have coverage that is as unique as their business. 

Beyond the basics, there are various additions and enhancements that policies can offer. As a result, you won’t know what to watch out for unless you’re aware of them. There are enhancements such as social engineering coverage (for employees who get duped into doing things), reputational harm coverage (often related to a security breach), and technology bricking (replacing technology equipment that is no longer usable after malware infection). Make sure you cover everything important to you. 

Cyber insurance prequalification  

Even if businesses prequalify for cyber insurance, it is still possible to get denied. Even if you have had cyber insurance in the past, it can still happen to you. There are many reasons for this.  

Poor plans for business continuity and disaster recovery 

Cyber insurance providers want a return on investment. If a provider believes your business cannot recover from a disaster, they may deny your application. Disaster recovery doesn’t just mean having backups. Businesses need adequate disaster recovery plans to make sure they’re able to survive after a cyber event. 

Poor account security – multi-factor authentication 

Businesses are often denied cyber insurance coverage due to the lack of multi-factor authentication. Many providers focus on account security before they offer a policy. 

Poor cybersecurity awareness 

Training employees is essential for maintaining appropriate cyber security. It’s no secret that employee involvement is one of the weaker aspects of business security. Training for employees is vital – and it needs to be updated as cyberattacks evolve. 

Inadequate endpoint security 

Many policies require more than antivirus software. Businesses often need endpoint detection and response tools that combine several security measures covering a range of detection and prevention techniques. 

Using an MSP to assist even if you have cyber insurance prequalification 

Being denied cyber insurance is a daunting prospect, and when a business gets rejected once, it’s even harder to get a policy. This roadblock is where your Managed Service Provider comes in.  

By using an MSP to help with cyber insurance prequalification, you’re making sure you have experts looking into everything with an experienced eye. Your MSP can help rectify the areas that need improving if you do not qualify for a cyber insurance policy.  

Final thoughts 

Even if you have a prequalification for cyber insurance, you can still get denied coverage. MSPs can help you secure cyber insurance and cyber insurance prequalification by assisting businesses to meet the necessary criteria. For more information, get in touch with us to schedule your free cyber security business review. 

Cybersecurity Insurance – 5 Reasons Why you need it

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Cybersecurity insurance, also referred to as cyber insurance or cyber liability insurance, is insurance that your business can buy to reduce risks to data loss. A cybersecurity insurance policy will transfer some risk to the insurance company for a fee.

While all types of insurance have been around for decades, cybersecurity insurance is relatively new. Businesses that chose to buy cybersecurity insurance were early adopters. Given how cyber risks fluctuate, cybersecurity policies must change and adapt frequently. Underwriters have access to data that helps them calculate risk and set policy rates, premiums, and coverage. For cybersecurity insurance, it’s not that simple. This hurdle is because cybersecurity insurance is new, and the data is limited.

1. It is an Extra Layer of Protection.

Losing data through theft or compromise has the potential to harm an organization. It can mean customers go elsewhere and cause your business a loss in revenue. What’s more, without cybersecurity insurance, your company could be liable for any damages that stem from third-party data being stolen or compromised. Losing client data without a backup plan in place could be a disaster.

Cybersecurity insurance is essential if businesses want to protect themselves against cyber event risks, including threats linked to terrorism. In addition, coverage for cyber threats can help remediate cyber incidents quickly and could save your business.

2. Anyone can be hacked!

Back in 2011, the PlayStation Network suffered a breach by hackers. This breach exposed the personal data of 77 million users. It meant that PlayStation users were unable to access the service for over three weeks. In terms of cost to Sony, there were over 171 million dollars lost due to this breach. Sony could have saved themselves some of the $171 million had they secured a cybersecurity insurance policy – but they didn’t. A subsequent court case ruled that their insurance policy only covered physical damage, which meant that Sony had to pay the costs of the losses from the cyberattack.

3. How It Works.

Many insurance providers that provide coverage like commercial property insurance or business liability insurance will also provide cybersecurity insurance. Most cybersecurity policies cover the first party (losses that impact a company directly) and third-party losses (losses by other people caused by a cybersecurity incident, depending on their relationship to the organization).

Cybersecurity insurance will help cover any losses resulting from cyber incidents and events. What’s more, it can also help with costs linked to remediation, such as paying for legal assistance, crisis communicators, investigators, customer refunds, and loss to customer accounts.

4. Who should get Cybersecurity Insurance?

Companies who manage, store or create electronic data like contacts, sales, or credit card info will benefit from cybersecurity insurance. E-commerce companies can also benefit from cyber coverage. Besides losing money, downtime from a cyber event can potentially lose customers and sales.

In a similar vein, any company storing client information online will benefit from cybersecurity insurance and its liability coverage. But be forewarned that not every business will qualify for this type of insurance. You’ll need to prove that you are doing everything possible to secure your data. If you’re not sure if your cybersecurity is the best it can be, that’s something we can help you figure out.

5. What doesn’t a Cybersecurity Insurance Policy cover?

Whenever a business purchases a cybersecurity insurance policy, check the policy documents carefully. Depending on the policy type, you may lack some coverage you wanted, or you might have coverage for things you weren’t aware of. Examples include paying legal fees, costs of notifying customers, meeting ransomware demands, costs of recovering data, etc. Make sure you’re happy with your coverage before you sign on the dotted line.

Since it hasn’t been around very long, policies and prices vary between providers. Therefore, businesses need to think carefully about what they would like covered in their cyber insurance policy. Depending on the industry, different organizations will need different types of coverage. If you need help figuring all of this out, you can book a complimentary Cybersecurity Business Review with us. The Review has a value of $2,500, so you’re already saving money.

Having your Managed Service Provider help you through the application process is a good idea. After all, we can help define what coverage your business will need. The bottom line is, if you don’t have it, look into getting it. Without it, you may risk making the same mistake as Sony did. If you have any questions, contact us for a cybersecurity consultation.

Who Should Handle Your IT?

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In our evolving COVID-19 world, we’ve had to re-learn the way we act and think. What worked for our businesses in the past might no longer help us in the future. The pandemic caused a seismic shift for many small businesses. Those who learned to adapt to the changes survived and thrived. With COVID-19 not off the table yet, we’re now in a time where business owners need to be strong, flexible, and determined. That is why we will show you why you need a Managed Service Provider to handle your IT.

If we look back on the pre-pandemic world, we had it pretty good. Of course, life was never perfect, but we had it good compared to other times in the past – the world wars, the strife of the depression, and the hardship of the last housing crisis. At our fingertips, we had a smartphone containing answers to anything we wanted to know. Technology was our friend.

Thriving and outsourcing

The businesses that thrived in the pandemic, and came out of the other side, knew what they needed to do. They had a support system that made sure they knew what they needed to do to handle your IT needs. That support system? It’s your MSP. The Managed Services Provider who took care of things when they were on the shaky pandemic ground keeps businesses running.

While every business owner would love to stand on their own two feet and be self-reliant, the truth is that the most successful enterprises do not. Instead, they outsource to experts so that they can work entirely on their business without having to worry about how to handle their or your IT.

Relying on an MSP to handle your IT

One of the main reasons why many companies outsource their IT support is for cost reduction. By outsourcing, you don’t need to worry about employing a person in-house. What’s more, unlike a single employee, an MSP is available all year round, 24 hours a day. They won’t take sick leave or go on vacation, for example. Imagine your sole IT employee is away in the Maldives when you have a cybersecurity issue!

Another important reason why many companies prefer to rely on an MSP is due to the secure infrastructure. MSP data centers and IT infrastructure is more secure when compared to a standard IT system in a business. This extra layer of security means that network data is protected. Of course, business cybersecurity is something we can’t take lightly.

Finally, using an MSP means your company can centralize all of its servers and applications within a managed data center. With centralized data, you can have storage, backup infrastructure, and virtual services as well.

Do I need an MSP?

Only you can answer that question. However, it’s probably a good idea if you’re a small business with many employees wearing more than one hat. One drawback is that small businesses often suffer from knowledge gaps concerning IT updates and developments. With an MSP, no employee will have to wear the “IT Wizz” hat – they can all concentrate on their roles. You’ll have complete peace of mind about your cybersecurity with IT experts on board.

Small businesses often need more predictable budgets, too, and if this is the case, an MSP can help. Since the cost of IT changes frequently, it can be daunting for small businesses to even put a figure on their future IT expenses. In addition, budgeting for IT is not easy! One month you might not need anything at all, but the next, you might need to deal with a broken computer, a security issue, or need a crashed server. With an MSP, you can choose to pay a flat fee each month, which makes budgeting much more predictable. And because all of the systems are maintained, they last longer, which again reduces costs.

Can you be self-reliant to handle your IT?

Of course – and there’s nothing wrong with this if you know what you’re doing. If your company is in the IT industry itself, it might make sense to do everything in-house, for example. It’s up to every business owner to weigh the positive and negative aspects of overseeing your technology. As most owners soon discover, hiring an MSP to take care of the technology is often the most cost-worthy solution. If you’re interested in learning more about Managed Services, contact us today!

Are Cybersecurity and Internet Safety the same?

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We use it, but we don’t think about it. Modern society is dependent on technology. Whether it’s your TV, the Internet, a laptop, or a phone, there’s no denying how much life has changed over the last two decades. This online access means that individuals and businesses need to be diligent about their Cybersecurity and Internet Safety.

We hear the terms cybersecurity and Internet safety, but are cybersecurity and Internet safety the same? The short answer is no. However, cybersecurity and Internet safety can incorporate many similar elements, and both involve online safety solutions. Yet, there are differences, which we’ll explore in this blog post. Essentially, internet safety is about individual people and their safety, while cybersecurity is more about securing devices or information held on systems.

Internet safety

When we talk about Internet safety, we refer specifically to an Internet user’s awareness of their online safety. This awareness reflects their knowledge of the security risks to their private information. Many users are unknowingly open to threats to online safety. Their data and identities are juicy targets hackers are after.

With the rapid growth of the Internet, many services became accessible to users from all over the globe. Unfortunately, as digital communication increased, so did the incidence of malicious use for personal gain. This risk is a huge concern for children and the elderly, but anyone can become compromised. Common safety threats include internet scams, malware, phishing, cyberbullying, cyberstalking, sextortion, and online predators.

The awareness of internet safety is an important step for individuals in their private lives. This also applies to businesses and their employees. The risks they face are not only personal but also impact their organizations.

Cybersecurity

When we talk of cybersecurity, we refer to how organizations and individuals reduce the risk of cyberattacks.

The core function of cybersecurity is to protect the device rather than the individual. This protection also incorporates the services accessed at work and online from damage or theft. Finally, cybersecurity is about preventing any unauthorized access to personal information stored online and on devices.

Three key differences between internet safety and cybersecurity

1. Internet safety is about the protection of people, while cybersecurity is the protection of information.

2. Poor internet safety means that individuals are vulnerable on a personal level. Poor cybersecurity means that a system is vulnerable to hackers.

3. Internet safety relies on strong passwords, mindful downloading, and careful posting on social media. Likewise, cybersecurity relies on features like firewalls, up-to-date software, and multi-factor authentication.

Protect your business with an MSP

While both internet safety and cyber security are important, it is cybersecurity that businesses need to focus upon. One wrong move and the whole business could be devastated. However, business owners can be proactive in protecting their organization and their assets by hiring a Managed Service Provider to assist with their cybersecurity and cybersecurity insurance.

Final thoughts

When a security breach can ruin your customers’ trust and your reputation, businesses must consider cybersecurity seriously. Bringing aboard a Managed Service Provider is a proactive way for business owners to ensure they have protection and the most appropriate cybersecurity insurance for their organization. Every MSP must stay up-to-date with the latest cybersecurity threats.

And for anyone who is ever online (most people!), it’s essential to know all about Internet safety too. View our Cybersecurity Resource to download our Internet Safety eBook.  This is a great resource for everyone: children, parents, older people, employers, and employees alike. If you have any questions, feel free to contact us.

Beefing Up Your Communication Security

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When it comes to personal or business data security, you must know how to spot bogus links. Recognizing fake email links that might lead to fraudulent pages is a challenge for many people. The fact that hackers are using more advanced methods makes it worse for all of us. That is why beefing up your communication security is very important for your business data. Indeed, hackers are using advanced methods to make the links they’re sending out will look legitimate. Unfortunately, this leaves people unsure of whether the link they’re following is legitimate or fraudulent. Luckily, there are ways to check whether a link is legitimate. That’s why, today, we’ll be looking at how you can incorporate spotting fake email links into your in-house security training. After focusing on fake links and their dangers in our previous blogs, today’s blog will summarize everything we’ve shown you so far. By doing so, we’ll help ensure you’re getting the right approach to your communication security and keeping everyone safe!

How Communications Technology Can Threaten Your Security

Modern communications technologies put many people at risk, and as a result, it’s crucial to be aware of how these risks threaten your security. There are many ways by which communications technology is problematic, and some of the risk factors include the following:
  • Text message scams which include fraudulent links
  • Emails sent to your address that include fake links to sites that seem genuine
  • Fraudulent links through social media and messaging apps leading to malware-infected sites
These are just a few of the most common communications technology threats. You and your staff should be aware of these possibilities when opening emails, texts, or social media communications.

Why Adding Fake Link Prevention to Staff Security Training is Crucial

If you have been considering your next staff security training, adding fake link prevention is critical. Your security training sessions give your team an ideal opportunity to learn more about the dangers posed by clicking on bogus email links. This extra step helps ensure that your team knows how to stay safe while completing their daily tasks. By doing so, you can protect your client data from the risk of security breaches while also preventing hackers from getting access to your business funds. Moreover, giving your staff information they need helps them avoid the risks of falling prey to fake links in their personal life. This knowledge increases the chance that they will stay safe in the workplace. Fewer data breaches will lead to better overall employee morale. After all – it’s a well-known fact that happy employees are more effective and efficient workers. This efficiency is not only good for your staff but also your business. As such, it’s pivotal for businesses to incorporate fake link prevention and protection strategies into their staff security training. This step can also protect your business data while ensuring that your customers have confidence that their data is secure. Meanwhile, it can also help boost your staff’s morale by teaching them to be safe and protected in their personal life. So, the benefits can be numerous!

Beefing Up Your Communication Security by  Staying Safe from Security Challenges

To stay safe and protected against security challenges, you should consider the following tips. These will help you avoid falling into the trap of fake email links, which could have numerous consequences for your personal and business security. First, it’s vital to check where the link in question will take you. This step is easy to do. To start with, if the anchor text is a visible hyperlink, check that this is legitimate by looking for any signs of fraudulent links. You should also check where the hyperlink is taking you by right-clicking on the link before following it. For example, if a legitimate website ends with .com, check that this hasn’t been tampered with in the link. An obvious sign of a false link would be if the address ends with .co.uk, .xyz, .club, or other uncommon domains. Second, check the sender’s details. You can search for email addresses and phone numbers online. If a quick search doesn’t yield much useful information, you could also directly contact the company. In this case, you should ask them whether this is their genuine contact number or address. Most companies will be more than happy to help! Finally, make sure you have your antivirus protection in place. Antivirus is surprisingly affordable nowadays. Your local IT service provider can help you choose the antivirus software that’s best for you. If you need help in beefing up your communication security contact us now!

Modern-Day Communication, The Dangers Behind It

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When it comes to IT security solutions, there are a large number of threats facing us. Modern-day communication technology has opened up a massive amount of potential for people; however, it also poses a significant threat in terms of security. Threats are increasingly advanced as time passes by, and this is endangering the safety and security of our data and private information. That’s why we have come up with this blog. We want to bring light to the dangers of modern security and how you can get professional support to avoid these risks.

How Advanced Modern-Day Communication Systems Endanger Our Data

Modern-day communication systems have transformed how we live our lives. However, these modern technologies have opened us up to a great deal of risk with our security. Many employees are at significant risk by using modern communication technology because they don’t understand the danger. Fortunately, though, our team is on hand to help you learn more about these threats. We’ll also discuss what makes internet communication risky and how you can protect yourself against these threats.

Employees are Spending More Time on Technology

A critical risk for people is that we are all spending more time on our electronic devices. Technology is a constant part of our lives. People spend more time on technology and the internet than ever before. That means the risk posed for their security is also growing. Internet security has never been more important, simply because we are all spending more time on devices. By spending more time on communications software, we are putting ourselves at a greater risk of losing our data to hackers and security breaches. Unfortunately, criminal methods used to get access to our data are becoming more sophisticated. It’s not easy knowing a genuine link from a dangerous or malicious link intended to harm us.

How Hackers Trick us into Exposing Our Devices

Hackers are becoming increasingly aware that their old tactics aren’t working as well as they once did. Yet, with the rise of advanced security systems, many hackers face new challenges to continue their devious ways. Now they are turning to communications systems for opportunities. This tactic is something that has taken the world by surprise, particularly during the Covid-19 pandemic. Indeed, with the arrival of the pandemic, the world switched to online shopping almost overnight. As such, hackers quickly took advantage of this new opportunity for gaining access to personal data. This shift represents a severe security risk that is putting people at risk today.

Fake Delivery Messages: The Most Common Security Challenge

The most notable of these scams at present are the fake delivery messages. These scams have become incredibly common, and because so many of us have been ordering products online, it can be easy to fall into this trap. Indeed, most fake delivery messages require users to follow a link to “reschedule” an order that failed to arrive. But, of course, these ungenuine links are taking us directly to websites that are malicious in some manner. In some cases, they merely request us to pay a small sum of money and nothing more. But this is the lesser of many evils. Other scams include collecting personal data and even compiling card details, leading you to a substantial loss of money. As such, the risk posed by these fake delivery messages is staggering.

Email Attachment and Social Media Communication Security Scams

Another common scam that people should be aware of when it comes to communication security is email risk. Indeed, hackers are becoming increasingly crafty with the phishing and malware emails they are sending. These emails, designed to fool people into thinking that they’re sent from a legitimate sender, encourage the reader to visit the linked site. In turn, this can lead to malware or phishing software downloaded onto the device. Naturally, this can cause you a great deal of distress. Another common form of this scam is from hacked social media accounts. If you get a strange message from a friend or contact on social media, especially if it links to an external video or website, you might find that it takes you somewhere that infects your device.

Final Thoughts About Modern-day Communication

In any of these scenarios, the risks posed by communication security challenges are very much real. When using any communication technologies, be aware of the potential risks you could be facing. If you need any help in regards to internet security feel free to contact us.

Clicking Fake Links, The Horror Behind It!

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When it comes to using the internet, you know how things can go wrong. We all like to think that our online activities are safe and protected. However, the reality is that hacking methods are increasingly creative to get people to clicking fake links. As such, today, we’re here to draw attention to the horror stories that occur when people fall for bogus email links and the best tips for fake link prevention.

What Are the Dangers for Business Owners Clicking on Fake links?

An increasing number of businesses are targeted daily to trick them into clicking fake email links. Hacking methods are getting more and more creative. As such, recognizing which email links are legitimate and which are not can be incredibly difficult – and as such, you should always be alert when using communications software to make sure you don’t fall into these traps. Fake links come with numerous associated dangers. That’s why, today, we’ll be looking at a few of the implications that falling for these traps can have.

Loss of Personal Data

You must protect your data at all costs. Personal data includes information such as your name, address, date of birth, and banking info. Hackers use this personal data to target you. Your stolen information can create fake identification and credit cards. This data is also commonly sold on the dark web to bidders who collect personal data of this type. Consequences associated with the loss of personal data are irritating and a nuisance. However, if hackers use your data for false identification, the consequences for you could be severe. After a breach, you may find yourself in thousands of dollars of debt. Or, quite possibly, your bank account drained. As such, fake links prevention is imperative for protecting yourself from personal data losses.

Financial Data Losses

Financial losses are the most common, as this is the primary goal of the hackers. One of the most common forms of fake email links is the increase in home deliveries resulting from the Covid-19 pandemic. This trick is a relatively simple scam. Hackers will send texts to thousands of random phone numbers. These texts inform the reader that their delivery failed, and a small redelivery fee is needed to reschedule. This form of fraud is usually opportunistic and low-value. However, some hackers will gather financial data and hack bank accounts or take out loans. This scam, in turn, gives criminals full access to your money. It’s easy to see where the risk lies. Another potential threat from clicking on fake links is that the website could download malware onto your device. Malware can gather data about your personal and financial information. Once again, hackers use the breached data to access your financial records. As we’ve seen, this can lead to substantial losses. Whether the information is volunteered readily or taken by force, these are risky situations to correct. As such, awareness of the best fake link prevention strategies is everyone’s goal.

How to Avoid Fake Links

Fake links are, unfortunately, all too common. Hackers are using these tactics more regularly, and they are also becoming more creative in their attempts. For the average employee, fake link prevention is increasingly difficult. Recognizing these dangerous email links is a genuine challenge for many people. Being aware of avoiding dangerous email links and protecting your precious personal and financial data is more crucial than ever. There is a lot of pressure on employees these days. Luckily, our team is on hand to give you a few tips to help you avoid falling prey to malicious hackers. First of all, before clicking any links in messages, emails, or on social media, make sure to check the URL to ensure it looks legitimate. Hackers use this common tactic to convince people to click on a fraudulent link. Often, this will be something as simple as changing the domain from .com to .xyz or .club, or something along these lines. Many people won’t recognize this subtle change, so it’s always worth checking before clicking unknown links. Next, check the link’s source. If you have any doubts about the sender’s legitimacy, navigate to the supposed firm and send a request to their official customer support team. They should be happy to answer whether the email address is a legitimate one. As a final protection, make sure you have the best defence in place for your device! Having anti-virus software and an updated firewall is crucial protection. Don’t leave this to chance. If you have any questions and need help please contact us. We are happy to help!

Spot Fake Links In Your Emails

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Opening unknown links can be a risk factor for your business and staff. As a result, more and more business owners have incorporated fake link prevention strategies into their security training. We’ve come up with a few tips to help ensure that your staff members have the critical information on how to spot fake links. This training can help prevent hackers from gaining access to your business. In cases like this, it is better to be proactive rather than reactive after a breach.  

How to Spot Fake Links: Brief Staff Security Training Guidance

If you have been considering covering bogus links with your staff security training, you’ll want to consider the following how to spot fake link prevention tips. These security training tips will help to give your staff the tools they need to stay safe and protected against the dangers posed by malicious links.

Staff Security Training Tip #1: Check URLs Before Following Them

One important tip for your staff as part of their security training is to check all URLs. A URL is the web address that you follow when you click a link. A common trick used by hackers to make the URL seem authentic is to use a similar URL mimicking a legitimate website. For example, one switch would be disguising bogus links by changing the website name from ‘example-site.com’ to example_site.com.’ This tiny change often goes unnoticed but could lead to your staff getting caught by a fake link.

Here are more examples:

If you regularly deal with Amazon, you’ll notice that their URLs look like these: orders@amazon.com, service@amazon.com, or membership@amazon.com But bogus URLs will look like these: hurry@amazon-$75.com, buddy79@my_amazon.com, or service@amazon-helpmenow.com Often, the URL won’t contain the name of the sender at all. You may see URLs like these: clickhere@davisneedsshoes.org, holographic_iris@$9di4!wow.net Question any link that seems out of place. If your staff doesn’t check these carefully, it can be easy to fall into a trap. As part of this staff security tip, make sure they’re aware to check both the name of the link and check where the hyperlink goes. Hackers can easily disguise malicious links as legitimate links by using a website name as the anchor text. But, instead of taking you to the legitimate website, the link redirects you to a fake site. Luckily, checking the destination of a hyperlink is easy, especially on computers; simply right click and you’ll get an option to see or edit the hyperlink.

Staff Security Training Tip #2: Don’t Open Unknown Emails

A second crucial tip is to ensure that your staff does not open unknown emails. For many people, this is not easy to do. After all, how can you tell whether a sender is legitimate or not? It’s easy to understand why this is so difficult. Some people struggle to decide whether the contact details for a firm are legitimate addresses or not. Luckily, we have a few tips for this. Firstly, for text messages and telephone contacts, look up the telephone number from the source. A quick search will often give you the information you need to know. Most companies will have these numbers listed on their website’s contact details. Alternatively, if the phone number is not legitimate, many sites now exist to display shady phone numbers; as such, searching the phone number alone may be enough information to help you decide if the text was legitimate. As part of checking a sender’s identity, you can also search for a specific email address to see if any information comes up. Most companies will have their contact email addresses displayed on their website. Check If the email address in question is on the website so you can confirm that the links are legitimate. If the exact email address does not appear on the website, you should question its authenticity. If you struggle to find the correct information directly from a search, don’t be afraid to contact the company in question. Most companies are more than happy to help if it means preventing a scam from occurring in their name. Checking the legitimacy of the phone number or email address is one of the best ways to check whether a link is legitimate or fake. Ensure that your staff knows to do this for any communication containing a link.

Staff Security Training Tip #3: Get the Best IT Support and Antivirus Software

As a third and final tip for your security training, we cannot stress the importance of good anti-malware and antivirus solutions highly enough. Having these in place and installed on all of your devices can provide a good security backup. This practice is vital in case someone accidentally follows an illegitimate link that tries to download harmful software. Antivirus software is highly affordable nowadays and doesn’t take long to set up in your office. If you have any questions about this, contact us today. We will help you find the best antivirus software for your needs, as well as offer training to your staff.

Is Your Company Already on a Hacker’s Watchlist?

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As a business owner, you are already aware that your company might be vulnerable to attacks by hackers. Your concern is justified because 65% of cyber-attacks are aimed at small businesses. There is a good chance a hacker is using sophisticated software to try and hack your network right now.

 

Even if hackers haven’t found a way into your system yet, you can be sure that they are trying to find a way to:

  • send emails from your email servers that destroy your company’s reputation (spam, porn, confidential customer information, etc.)
  • gain access to your accounting and banking systems
  • or steal your data and hold it hostage (ransomware) until you pay them an exorbitant amount of money to get your data back.

 

Did you know that it takes an average of six months for businesses to realize that they have been, or are being, hacked?

 

After the hack is discovered, it can weeks 6 – 8 weeks disable and remove all the threads of the attack. The attack is removed, but the damage has been done. How long does it take to restore a damaged reputation, or to be trusted again by a vendor or customer who was affected by your hack?

 

 

So, why do hackers target small businesses? Some of the reasons are obvious, and some may surprise you.

Here are 4 reasons why small businesses get hacked:

 

  1. Under the Radar

Not every hacker wants to be famous. Most don’t care about getting their conquests splashed all over the news.

 

Hackers attack small businesses because these companies are less likely to report security breaches and more likely to pay the ransom.

 

Reporting a breach is damaging to the company’s reputation. A company might prefer to deal with the damage or pay the ransom rather than go public. In fact, in one study, 53% of companies paid the ransom immediately. In addition, what many companies find out is that, even if they report the breach to the police, law enforcement agencies are not cybersecurity experts and can’t be of much help.

 

  1. Complacency

Every business has to prioritize spending. Initiatives that grow the company’s revenue and profitability are the priority. IT upgrades and advanced cybersecurity services and tools aren’t an immediate need so they don’t make the top of the list.

 

Unfortunately, the reality is that your old security software is not “good enough” to stand up to today’s sophisticated cyber-attacks. “Good enough” makes you an easy target.

 

  1. Employees inviting viruses and hackers

This one is shocking. Research from Stanford University found that 88% of ALL data breaches are caused by employees. Here are a few of the most common ways employees invite trouble:

  • Weak/reused passwords – Weak and/or reused passwords are asking for trouble. Because of our bad habits, it’s best to require strong passwords that must be changed periodically
  • Access control – When we start working with a new client, we frequently find that front line employees actually have access to company financial and payroll information even though they’ve never looked for it. Their access has not been restricted to only what they need.
  • Failure to install updates – Installing updates is a pain and occasionally cause problems, so updates are put off indefinitely.
  • Email attachments – An employee opens an email attachment that unleashes a virus on the entire network and they don’t even realize it.
  • Unlocked doors – Your system may not require new files to be scanned for viruses/malware (i.e. files received in email or on flash drives). It’s like having a flashing neon WELCOME sign.

 

Small companies don’t have the advanced skills required and training happens rarely, if ever.

 

  1. You’ve been hacked before

Hackers are like sharks: they can smell blood in the water from miles away. Once the word gets out that you’ve been hacked, and that you’ve paid the ransom, you’ll have hackers lined up around the block. Like a lot of criminals, hackers are looking for the path of least resistance. Once they hear you’re an easy target you’d better prepare yourself for all kinds of cyberattacks.

 

Take Action

It takes work to be ready in today’s cyber landscape. The steps include:

  • a comprehensive cybersecurity strategy
  • staying up to date on the latest hacking practices
  • acquiring, maintaining and using the latest cybersecurity tools
  • a scheduled data backup system that also verifies the backup up data is not corrupted
  • training your employees on what to look out for and what to do

 

Almost every day there are news stories about companies getting hacked, big companies paying millions in ransom. Companies like Apple, Amazon, Target, and Facebook can afford the best security available, yet they still get hacked.

 

What you don’t hear about is the small businesses shutting down because they’ve been crippled by a cyber-security breach. A shocking 60% of small businesses that are crippled by a cyberattack will not recover.

 

 

Make cybersecurity a priority for your business and you’ll increase your chances of staying off a hacker’s watchlist.

 

Information technology is a tool. If we can help you navigate your way to a more productive, efficient and safe operations, accounting and/or IT system, then you can focus on growing your business.

 

If you’re serious about protecting your company from being crippled by a cyberattack, check out our website or contact us. Ask for Tim Adornetto to get your no-cost, no-obligation system analysis.

 

IT Benefits and Threats – A Quick Guide to Being Prepared

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Technology is changing at a rapid pace and technology threats are coming fast and furious.

 

How well is your company doing to keep up with these changes and challenges – especially the threats that you don’t even know about yet?  Some threats to your IT well-being are simply failures to identify the warning signs.  Other threats are more severe.  You may already have malware inside your IT system and you may not even know it.

 

For example:

  • Is one of your servers sending messages about an imminent hard drive failure to a log file that no one reads?
  • Has one or more of your computers been infected with a virus that is waiting for the right time to unleash the damage?
  • Is a hacker logging every key pressed on an employee’s keyboard including passwords for your operations and/or accounting system?

 

Even if you are a small business, your IT network is the lifeblood of your business. It’s not recommended to put your network in the hands of an employee who has had to learn how to add users or change passwords. The safety and security of your network is at risk.

 

Even if you have an IT team maintaining your systems, when is the last time they did a training session?  Six months ago? 2 years ago? Can’t remember?

 

Because the technology and the risks are changing constantly, IT people need regular training on security, networking, server operations, desktop operations, software, etc.   Very few IT people have the capability of absorbing and mastering all of the different specialties.   Just like you don’t expect a foot doctor to perform brain surgery, you don’t hire a desktop person to secure your network.

 

There is a Better Way

 

Consider using a Managed Services Partner (MSP). There are many benefits:

  • You get the entire MSP team and all their combined knowledge and experience in their areas of expertise. They know how to maximize your team’s productivity and protect your IT system from the latest technology threats.
  • Many MSP agreements are fixed price agreements (read the fine print as to what is included). You can budget for a fixed price each month and know that your technology is being managed and that threats are being prevented or detected before they cripple your company’s network.

 

  • You want no downtime. Downtime costs you money. Your MSP doesn’t want you to have downtime either because it costs them more to fix a problem than it does to prevent a problem. The MSP’s interests are aligned with your interests. You both want a well-functioning system with no downtime.

 

At first glance, an all-inclusive MSP agreement looks expensive. However, consider what you already pay for less service, the costs for your IT system to be down for one day – or three days and the expense to fix what is broken.  And, if you get breached, the costs will multiply.

 

A fixed fee, all-inclusive MSP agreement is friendly to your budget and it provides peace of mind. You have a knowledgeable IT partner making sure your IT assets are healthy and protected.

 

At CCS, we don’t want to benefit from your business pain. We want to share in your increased productivity, profitability and your success.  If you are looking for an IT partner and not just the low-cost computer fixer, check out our website.

 

In the meantime, check out our latest video below (1 minute, 17 seconds) for a quick look at the benefits of finding the right managed service partner.