Cybercriminals cast a wide net, with almost every business owner knowing of another business in their industry that's been affected by cybercrime. But some industries are more lucrative for criminals than others. A new report from the cyber risk experts at NetDiligence sheds light on which industries are most at risk of a cyber attack. [...]
As the administrator of the CyberLock Defense Insurance program, Lockton Affinity is always on the lookout for new resources that may help businesses reduce their risk of wire fraud. Wire fraud is a significant cyber risk for business, because it can harm relationships with clients and customers and impact your insurability. Protecting against wire fraud [...]
Cyber-attacks pose a significant risk to businesses, costing companies millions and ruining reputations. The tactics used by hackers are always evolving so it's important to make sure you are keeping up. Most attacks result from a business and its employees being unprepared or underprepared for a threat. But by following the latest cyber security best [...]
One way to mitigate the increased risk of cyber attacks is to look to low cost and no cost solutions that can offer an immediate risk management benefit without added expense or complexity. CyberLock Defense has prepared this list of 12 low cost and no cost ways to help prevent cyber attacks on your business. [...]
When a criminal inserts themselves into a transaction involving the transfer of large sums of money, it's called fraud. When they do so by first gaining your trust, this is called social engineering. Funds transfer fraud through social engineering is a big problem for businesses, with results that could be devastating for your company if [...]
The importance of multi-factor authentication and password security is critical. Often, it is your best line of defense for protecting all your data, devices and systems from unauthorized access. Unfortunately, many don't take password security seriously, which makes them especially vulnerable to hackers. Good password security can help protect you from data breaches, network intrusions, [...]
Cyber attacks against small businesses are increasing each year. Whether you are answering email, storing data files or running a website, your small business faces risks from doing business online. Most recently, hackers have been focused on stealing money directly from small businesses. Some cyber criminals are using tricks to commit cyber fraud and drain [...]
News about the outbreak and spread of Covid-19 dominated headlines in 2020. Yet for many law firms, Covid-19 has not been the only kind of virus threatening their businesses. In the past year, there has been a massive surge in ransomware attacks targeting law firms, costing law firms hundreds of millions of dollars, exposing sensitive client [...]
Cyber attacks are common and damaging for businesses. Yet many businesses do not have a sufficient cyber attack response plan in the event of a cyber attack. Even with the increasing frequency and cost of cyber incidents, as many as 34% of businesses don't have a formal cybersecurity incident response plan applied uniformly across their [...]
Businesses face a variety of risks in the 21st century. But for many, no threat is more pressing that the risk of a cyber-attack. A recent industry report has announced that the world's top business risks are cyber related. The dangers of cyber-attacks, data theft and cyber fraud are expected to be a concern for [...]