Waiting until your company’s most vulnerable information has been compromised by cyber criminals to mount a defense against the incursion is a losing game plan.
Make no mistake. Your company’s computer systems are constantly under attack by hackers. And that situation is never likely to change. It’s what you do about it that is the difference between keeping your stored information private and facing a breach that will cost you big bucks — maybe a financial wound that proves fatal to your company.
Lt. Nate Toll, deputy operations officer, Cyber Protection Team, U.S. Coast Guard, was a panel member at yesterday’s “Cyber Risk Management: 2021 updates for the towing industry” webinar sponsored by the American Waterways Operators. He said a good place to start is “understanding what your cyberspace looks like.”
Brian Moynihan, CEO, Bank of America, told CBS’s Face the Nation in April 2020 that 80% of businesses have less than 10 employees and 95% have less than 100 employees.
According to internet security company Trustwave, 67% of small and medium-sized businesses fail to survive a cyber breach, 56% of organizations that suffered a breach can trace it back to a third party, and the average cost of a data breach is $3.92 million…
