To Defend Against Cybercriminals, You Need to Think Like Them. Here is What You Need to Know
Jan 15,2021
The global pandemic has seen a massive change in how people work, live, shop and communicate. We have seen businesses completely change how they interact with their customers. Business to consumer organizations have seen the biggest changes, but it has also impacted business to business organizations. Traditional approaches to basic business functions such as sales, marketing, supply chains and customer service need to be reimagined and focused. Many new developments and technologies that have come out of the COVID-19 era will forever change how we do things. These changes have also created a new set of vulnerabilities for cybercriminals to exploit. Amidst the pandemic, we have seen a dramatic rise in the number of cyberattacks over the last nine months. Based on recent statistics, cyberattacks tripled in the second quarter of 2020 over the first quarter. Losses from cybercrime have increased by 50% over the last 12 months. Cybercriminals have taken...
Why Implementing an Enterprise Risk Management Program is Critical to the Security, Availability and Integrity of your Business and Digital Assets
Jan 15,2021
As noted in another article, the global pandemic has seen a huge change in how people work, live, shop and communicate. We have seen businesses totally change how they interact with their customers.  Business to consumer organizations have seen the biggest changes, but it has also impacted business to business organizations. Traditional approaches to basic business functions such as sales, marketing, supply chains and customer service need to be reimagined and focused. Many new developments and technologies that have come out of the COVID-19 era will forever change how we do things. One of the more negative aspects of the COVID-19 pandemic is the dramatic rise in the number of cyberattacks over the last year. According to reports, cyberattacks tripled in the second quarter of 2020 over the first quarter. Losses from cybercrime increased by 50% over the last 12 months. Cybercriminals have taken this opportunity to ratchet up their...
Rethinking Your Security Strategy to be More Effective in Responding to Cyber Attacks
Jan 15,2021
As discussed in a previous article, it’s no surprise that large as well as small- and medium-sized businesses (SMBs) are struggling to protect their digital assets from cybercriminals. Since the beginning of the COVID-19 pandemic, we have seen a significant increase in cyberattacks and intrusions. According to a University of Maryland study, a hacker attack is attempted on average every 39 seconds, which equates to 2244 attack attempts each day. Damage due to cybercrime is estimated to exceed $6 trillion annually in 2021 (Cybersecurity Ventures). Businesses are buying security technologies at a record pace, with the information security market expected to reach $170.4 billion by 2022. The key question we need to ask is: Why are things not improving and what should we being doing that we are not doing now? To answer this question, we need to understand the various factors that are converging to create the situation businesses...
Fourteen Actions to Protect Your School/Organization Against Ransomware, Phishing and Cyberattacks
Jan 15,2021
It’s no surprise that large as well as small- and medium-sized businesses (SMBs) are struggling to protect their digital assets from cybercriminals. Since the beginning of the COVID-19 pandemic, we have seen a significant increase in cyberattacks and intrusions. According to a University of Maryland study, a hacker attack is attempted on average every 39 seconds, which equates to 2244 attack attempts each day. Damage due to cybercrime is estimated to exceed $6 trillion annually in 2021 (Cybersecurity Ventures). Businesses are buying security technologies at a record pace, with the information security market expected to reach $170.4 billion by 2022. In 2020, I was asked about several breaches experienced by schools and small businesses. One in particular, the Blackbaud breach, impacted a large number of schools and organizations, which generated numerous questions on what schools and organizations can do to protect themselves. Over the last few years, cybercriminals have shifted...
Managing Cyber Risk in an Era of Cybersecurity, Ransomware and Coronavirus
Jan 15,2021
Technology and access to information are happening at light speed today. The recent events have forced us to pause and realize despite all the advancements, a basic biological organism can bring us to our knees. Like every other crisis or event, certain groups or individuals will be looking to take advantage of other people and companies. If the last few years have shown us anything, it is how important protecting our information assets are to our future. This crisis will service as a key reminder. As we weather this storm and begin to come out of it, businesses will need to refocus their priorities and prepare for growth. A key item to the recovery will be to reassess the financial impact of each risk as well as the cost of mitigation. Business leaders will need to determine if they can absorb or accept additional risk or how the mitigation of each risk needs...
Business Continuity & Resiliency: Surviving and Thriving Through Disruptions
Oct 07,2020
Business Continuity & Resiliency: Surviving and thriving disruptions. While simply keeping your business running after a major disruption may seem like a reasonable goal, we believe that preparing for continuity with a focus on resiliency is key to long-term survival through disruptions, large and small. It’s not enough to survive the most recent disruption; you must be well prepared to survive (and thrive) with all that will come your way. Join our enterprise risk experts for a series of three webinars as we take an in-depth look at the Business Resiliency Model – a centralized, holistic approach to preparing for and surviving business disruptions with strength and resiliency.*   Session 2: Risk Management & Business Impact (November 10 at 2:00 P.M. ET): In this second session, we use the information gathered in the critical business processes and assets content and build on it to understand how to recognize, prioritize and...
Security Measures to Consider While Working From Home During the Pandemic
Jun 08,2020
When the COVID-19 pandemic broke out and businesses moved their operations to a work from home (WFH) basis, many had to do so in a rush. While many people around the country have been able to work from home at least occasionally in the last decade, very few businesses are set up for complete WFH operations. Although the country is slowly beginning to open and workers are preparing to return to offices in phases, many businesses may continue to WFH for weeks or even months. Some businesses have even announced moving a portion or all of their employees to a permanent WFH status. With this long-term WFH environment in mind, there are some things that CEOs need to consider. Evaluate current IT security and protection When it comes to creating a successful and secure WFH environment, a top priority for businesses should be making sure that their business operations are...
Where Does Your Business Stand Against Growing Cyber Threats?
Mar 11,2020
If your organization experienced a data breach that cost well over six figures and shut down operations for several months, could you survive? Would you lose customers and employees? Businesses must assess their cyber risks and make sure they have the proper systems in place to prevent and respond to cyberattacks. At an event hosted by Smith & Howard in February and headlined by former Governor Tom Ridge, the country’s first Secretary of the Department of Homeland Security, a large crowd gathered to listen to the Governor and other cybersecurity experts. One common point highlighted by them all was the need for ongoing employee education on cyber risks. “The greatest weakness in an organization’s defenses is its people,” said Governor Ridge. Governor Ridge went on to emphasize how businesses must provide their employees with education and training against phishing and other scams. Many cyberattacks happen when employees click on malicious...
South Carolina Insurance Data Security Act – Here’s What You Need To Know
May 16,2019
On May 3, 2018 South Carolina Governor Henry McMaster signed into law the South Carolina Insurance Data Security Act (“The Act”), which went into effect on January 1, 2019.  South Carolina is the first state in the nation to pass this important and timely legislation, which is modeled after the NAIC Insurance Data Security Model Law. The Act is set in place to establish standards for data security, standards for investigation and standards for communications to the South Carolina Department of Insurance and to the Licensee affected by a cybersecurity event. According to the South Carolina Department of Insurance, a cybersecurity event is an event resulting in unauthorized access to, disruption or misuse of, an information system or information stored within an information system. The law was put into place to protect the data that businesses are collecting and holding. Businesses affected by the Act must certify compliance with the...

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