As COVID-19 pushes many businesses to a virtual model with many employees working from home, an increase in cyber risks and challenges can arise. In many cases, an outsourced IT staff or person is out of the price range for small businesses. This makes it harder to detect any fraudulent issues and threats. Cyber insurance protects against damages caused by electronic threats to your computer systems or data. These threats can lead to the theft, damage or misuse of sensitive information or other vital technologies and can result in downtime and recovery costs that often include specialized repairs and legal fees. It’s important as a business owner to recognize the threats and protect your business with the right cyber insurance.
The best way to thwart a cyber criminal is to know what to look out for.
Phishing emails: Taking advantage of the vulnerable during these uncertain times, cyber criminals have begun flooding inboxes with coronavirus-themed phishing emails. Clicking on links or attachments with falsified information on subjects like vaccines and tax refunds takes victims to a fraudulent page to collect their private information.
Now that you know what to look out for, the next step is to mitigate the threats from ever occurring.
Businesses are becoming increasingly dependent on the digital world and owners need to know how best to protect their hard work and livelihood.