Data is a valuable corporate resource. Businesses and organisations collect, store, and analyse data to; understand their customers, tailor products to better suit their needs, improve customer experiences and optimise production so they can sell more efficiently.
The National Cyber Security Centre (NCSC) is encouraging businesses to bolster their cyber security in light of the events in Ukraine and the increased threat of cyber-attacks. For small and medium business owners, the current conflict might seem far-removed from the day to day running of their business but cyber threats are an ongoing threat.
Our employees must be given the knowledge on how to recognise “phishing attacks,” in fact, a check list may be a feasible starting point. We are all aware that these attacks exist and are on the rise, but if our employees could recognise and report the phishing emails, texts, telephone calls, adverts and websites that form part of the fraud, the threat can be reduced.
The portion of businesses buying cyber insurance reportedly doubled in 2020. Unfortunately, the very same factors that led to this rush to buy, have also led to a change in the dynamics of the cyber insurance market. More cyber criminals are being drawn into the space by increasingly lucrative earnings, and this has led to a rise in frequency of claims.