Risk Management Tips: What to Know About Cyberattacks

Cyberattacks are no joke. They get a little more sophisticated every minute and a lot more serious every year, which means that, when it comes to risk management, you’ve got a lot of work to do. Luckily, it’s much easier to defend against an enemy you understand–so today we’ll take a look at some trends and data in the field of cyberattacks.

Defending What Matters

Although cyberattacks are an important variable to keep an eye on, they’re not the only defining factor when it comes to risk management. Everything from printer protection to information security plays a big role in the strategies and procedures you’ll need to adopt in order to defend what matters–which means you need to know about cyberattacks and other risks, like physical threats (documents walking away in the wrong hands) and natural disasters (like floods or fires). Remember, risk management is a process, not a goal, and in order to stay ahead, you need to do research into each aspect of security.

With that said, cyberattacks are a good place to start because this type of research will help you identify weaknesses across your security processes and get a better understanding of what you’re up against. Let’s get started with some trends and data.

  • New ransomware threats

One of the most important things to remember about cyberattacks is that they’re always changing. For example, here were considerably more types of ransomware in 2017 than in 2016, which means you can’t prepare for just one kind of threat.

  • The price of cyberattacks

The unfortunate truth is that it’s getting more expensive to be the victim of a cyberattack. As the digital “bad guys” get smarter, they’re more capable of taking your company’s most valuable resources, leaving you scrambling to recover–and your budget will definitely suffer.

  • Habits and routines

Ready for some good news? Most cyberattacks exploit known vulnerabilities and exploits–which means one great (and simple) security procedure is to install patches and updates as soon as possible.

Risk management is a big job, but you don’t have to handle it alone. Contact us today!

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