Costs of Cyber Crime Escalating Annually-Now Estimated at $7 Trillion Worldwide
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Cybercriminals get braver each day and they are earning so much money now that they can hire experts to help them with each phase of their ransomware and phishing scams. Some of the emails they send out these days to try and trick users are hard to spot, even for experts. But there are always tell-tale signs you can see if you look close enough.

Today’s cybercriminals are often backed by huge governments like those in China or North Korea. Hacking has become big business in these countries. There’s almost no risk and those who are really good at it can net millions of dollars a year. It’s a perfect crime.

So why are so many business owners getting scammed by these criminals? The problem is three-fold:

  1. You have busy employees who are not trained in how to spot phishing emails.
  2. Cybercriminals who know they can earn thousands of dollars a day if they just keep at it.
  3. Business owners who don’t think they’ll ever be a target of ransomware or malware.

What Can Business Owners Do?

The number one thing that business owners can do is realize that they could very well become a victim of some type of cybercrime. Malware, phishing scams, ransomware—these are just the major ways you might be attacked. If you run a business in America these days, you must prepare for the worst.

The FBI released their Internet Crime Complaint Center (IC3) 2017 Internet Crime Report. In it, you can read all about the latest trending Internet scams. And these criminals are coming up with new and more clever schemes every day. So you must be proactive in order to keep your database safe from intruders.

Below are some important things that every business could and should be doing:

  • A Cyber Security plan that spells out exactly what will happen in case cyber criminals break into your computers. This should include rapid response, someone who handles the media and compliance issues, a team of IT experts that can come in and assess the damage, then make recommendations.
  • A bundled security program that includes an anti-virus solution, intrusion prevention firewall, data encryption, email and web protection, and integrity monitoring.
  • Full protection for all PCs, laptops, tablets, servers, and other computer devices such as point-of-sale machines.
  • Mobile Device Monitoring with security for your mobile devices and support for your BYOD (bring your own device). You should be able to remotely erase data from any phone or computer that has been lost or stolen.
  • Daily onsite and offsite backups of your computer system. Do you have a current version of your entire database including software programs? If you have this, you can get the IT staff to reinstall everything from scratch.
  • Remote monitoring and management of your network and computers to detect intrusions and block them before criminals can steal your data.
  • Security risk assessments to identify vulnerabilities and modify your overall security posture.
  • Security Awareness Training to educate your staff on security awareness which is crucial to your data privacy.
  • Penetration Testing and Ethical Hacking to reveal how effective your security measures are.

A new article from Forbes reports that businesses across America could be in for a record year of losses due to cybercrimes. In the Forbes article entitled, “The True Cost Of Cybercrime For Businesses”, experts are saying that all types of cyber-crimes are escalating. The report estimates that businesses could face $7 Trillion in losses for 2018.

Since criminals are upping their game, business owners must do the same. Instead of crossing your fingers, hoping you never get hit, take a proactive stance. Train your employees so they’ll be experts at spotting phishing emails. Fortify your network with layered security technology. Have a plan in place that spells out how your firm will react if you are hit with a malware or ransomware virus.

Businesses who prepare for things like this are far more likely to avoid cyber-attacks. If your company does become a victim, you’ll know what to do. You won’t be caught off guard. With the tsunami of new cyber threats coming on the horizon, there’s never been a better time to prepare. And Apex Technology Management can help.

We can assess your current internet security and make recommendations. We can hold classes to train your employees. We also offer a full suite of managed IT services that include monitoring your network 24/7 for anomalies. We can often shut viruses out before they take hold. We also believe in daily onsite and offsite backups so that if anything does happen, you’re covered.

With all your data, docs, and apps backed up in the cloud, you can quickly get back to work whether you’re hit with a hurricane or a malware virus. If you’d like to learn more, please contact us.

Check out our Managed Services Plan. When you do, you’ll see how you can have all the support and service you need for an affordable price. And, it’s all customized to your unique needs.

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