Author Archive: admin

Cybersecurity is more important than ever before.

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With the rise of technology, cyber threats have become a major concern for individuals and businesses alike.

One thing that is becoming increasingly clear is that the chance of a cyber event is not "if," but "when."

In fact, research has shown that 97% of cyber events are preventable.

So, what can we do to prevent a cyber event?

Preventing a cyber event is not solely about removing small errors, but also about having a comprehensive approach to cybersecurity.

While removing small errors, such as keeping software and systems updated, can help prevent specific types of cyber attacks, it is not enough on its own.

A comprehensive approach to cybersecurity also includes:

✅ Educate yourself and your employees:

It's important to educate yourself and your employees about cyber threats and best practices for staying safe online.  This includes learning about common types of cyber attacks and the steps you can take to prevent them.

✅ Having strong security policies and procedures in place to help mitigate risk.

✅ Regularly monitoring and assessing your network for potential vulnerabilities.

✅ Providing training and education to employees on cybersecurity best practices and safe online behavior.

✅ Having incident response plans in place to quickly and effectively respond to any cyber incidents that may occur.

✅ Continuously evaluating and updating your security measures to keep pace with the evolving threat landscape.

Preventing a cyber event is about identifying, evaluating and mitigating potential risks through the implementation of a set of best practices and technologies, it's all about removing small errors but also about being proactive and having a holistic approach to cybersecurity

The cyber protection dos and don’ts of starting a new job

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Starting a new job or position can be exciting, but it's important to keep cybersecurity in mind.

Here are some dos and don'ts to keep in mind:

DO:

✔️ Use a strong, unique password for all of your accounts

✔️ Use a password manager to store your passwords and create complex and unique passwords.

✔️ Keep your computer and mobile devices updated with the latest security patches - if it needs a restart, restart it!

✔️ Be cautious of suspicious emails or messages, and never click on links or provide personal information without verifying the sender's identity - including executives and managers within the organisation.

✔️ Use a reputable antivirus software and firewall to protect your devices- make sure it is on and updated regularly.

✔️ Take advantage of any security training or resources offered by your employer - free training is also available at wiser-training.

✔️ Be the force for change in the cybersecurity space of the business.

DON'T:

✖️ Share your password with anyone, ever, no matter who!

✖️ Use public Wi-Fi networks to access sensitive business information or to complete financial transactions

✖️ Always use a VPN when connected to an unsecured or insecure wifi network

✖️ Leave your devices unlocked or unattended - before you walk away (Microsoft -control alt delete - enter)

✖️ Click on links or download attachments from unknown sources

✖️ Neglect to report any suspicious activity or security breaches to your IT department or supervisor.

✖️ Take a selfie with your security pass and post it on social media

By following these guidelines, you can help protect yourself and your employer from potential cybersecurity threats.

Stay safe and enjoy your new job!

Why SMEs need an MSP

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In 2023 and beyond, cyber threats will continue to be the biggest risk to small businesses.

These threats can come in the form of malware, ransomware, phishing attacks, and other forms of cybercrime, and they can have severe consequences for small businesses.

In a survey conducted by the National Cyber Security Alliance, 60% of small businesses reported being a victim of a cyber attack, and more than half of those attacks resulted in financial losses.

One of the main reasons that small businesses are at such high risk is that they often lack the resources and expertise to properly protect themselves.

Many small businesses do not have dedicated IT staff or cybersecurity professionals on hand, making them more vulnerable to attacks.

They may also have limited budgets for cybersecurity measures, which can leave them exposed to threats.

Another reason that small businesses are at risk is that they often have weaker cybersecurity defenses.

Small businesses may not have the same level of security measures in place as larger organizations, making them an easier target for cybercriminals.

This can include things like outdated software, a lack of firewalls, and insufficient training for employees on how to identify and prevent cyber threats.

A managed service provider (MSP) can play a critical role in helping small businesses reduce the risk of cyber threats.

One of the main ways that MSPs can help is by providing proactive monitoring and management of a small business’s IT systems and networks.

This can include things like identifying and addressing vulnerabilities, implementing security measures such as firewalls and antivirus software, and monitoring for suspicious activity.

In addition, MSPs can help small businesses implement a disaster recovery plan in the event of a cyber attack.

This can involve regularly backing up data and having a plan in place for how to restore systems and recover from an attack.

This can be particularly important for small businesses, which may have a harder time recovering from a cyber attack due to limited resources.

MSPs can also provide training and education on cybersecurity best practices to small business employees.

This can include things like teaching employees how to identify and prevent phishing attacks, how to create strong passwords, and how to recognize and report suspicious activity.

This can help small businesses create a culture of cybersecurity awareness and reduce the risk of attacks.

Overall, a managed service provider can help small businesses reduce the risk of cyber threats by providing proactive monitoring and management of IT systems and networks, implementing a disaster recovery plan, and providing training and education on cybersecurity best practices.

By working with an MSP, small businesses can take steps to protect themselves from cyber threats and reduce the potential impact of these threats.

Cyber is a risk that cannot be insured unless the insured takes on more risk

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Cybersecurity is a hot topic in today’s digital age.

With the increasing reliance on technology and the internet, businesses and individuals are at risk of cyber-attacks and data breaches.

Unfortunately, many people assume that their insurance policies will cover them in case of a cyber incident.

However, the reality is that traditional insurance policies may not provide adequate protection against cyber risks.

The main reason for this is that cyber risks are constantly evolving and new threats are constantly emerging. As a result, insurance companies are often unable to keep up with the latest developments in the field.

Furthermore, many insurance policies have exclusions or limitations when it comes to coverage for cyber incidents.

This means that even if you have insurance, you may not be fully protected against a cyber attack.

So, what can you do to protect yourself against cyber risks?

One option is to purchase a standalone cyber insurance policy.

These policies are specifically designed to provide coverage for cyber incidents and typically include coverage for things like data breaches, cyber extortion, and business interruption.

However, purchasing a standalone cyber insurance policy also means taking on more risk.

Many standalone policies have high deductibles and exclusions, which means that you may still be on the hook for a significant portion of the loss in the event of a cyber incident.

Another option is to take a proactive approach to cybersecurity.

This can include implementing strict security protocols, regularly updating software, and training employees on how to recognize and prevent cyber attacks.

By taking steps to reduce your risk, you may be able to negotiate more favorable terms on your insurance policy.

In short, cyber risks are a reality that cannot be ignored.

While insurance can provide some protection, it is not a silver bullet.

Businesses and individuals need to take a holistic approach to cybersecurity, including both insurance and risk management measures.

And remember, just like a good lock on your front door, being proactive can keep cybercriminals at bay.

Building cyber resilience into a business is essential in today’s increasingly digital world.

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With the increasing reliance on technology, businesses are exposed to a wide range of cyber threats, from data breaches and ransomware attacks to phishing scams and network intrusions.

It is therefore important for businesses to have a robust strategy in place to ensure that they are prepared to handle these threats and minimize the impact on their operations.

One of the key elements of building cyber resilience in a business is to ensure that the organization has strong security controls in place.

This includes implementing effective firewall and antivirus software, as well as regularly updating and patching systems to prevent vulnerabilities from being exploited.

It is also important to ensure that all employees have trained on cybersecurity best practices, such as avoiding clicking on suspicious links and using strong passwords.

Another important aspect of building cyber resilience is to have a disaster recovery plan in place.

This plan should outline the steps that the organization will take in the event of a cyber attack, including how to restore systems and data, communicate with employees and customers, and maintain business operations.

It is also essential to regularly test and update this plan to ensure that it is effective and relevant.

One of the key components of a disaster recovery plan is having backup systems and data in place.

This means having copies of important data stored in a secure location, such as in the cloud or on an external hard drive, so that it can be accessed if the primary systems are compromised.

It is also important to ensure that these backup systems are regularly tested to ensure that they are functioning properly and can be accessed as needed.

In addition to having strong security controls and a disaster recovery plan, it is also important for businesses to invest in cyber insurance.

This type of insurance can help cover the costs associated with a cyber attack, including legal fees, data restoration, and business interruption.

It is important to carefully review the terms of a cyber insurance policy to ensure that it meets the needs of the organization.

Another important aspect of building cyber resilience is to have strong incident response protocols in place. This means having a team in place that is trained to handle cyber incidents and can respond quickly to minimize the impact on the organization.

This team should be trained on how to identify and contain an attack, as well as how to communicate with relevant stakeholders, such as employees, customers, and the media.

One of the most effective ways to build cyber resilience into a business is to regularly conduct risk assessments.

This involves identifying potential threats and vulnerabilities, as well as evaluating the potential impact on the organization.

Based on the results of the risk assessment, the organization can then implement measures to mitigate these risks, such as implementing additional security controls or updating disaster recovery plans.

In addition to these measures, it is also important for businesses to be proactive in their efforts to build cyber resilience.

This includes regularly updating and patching systems, conducting employee training on cybersecurity best practices, and staying informed about the latest cyber threats and trends.

By taking a proactive approach, businesses can better protect themselves against cyber attacks and minimize the impact on their operations.

In conclusion, building cyber resilience into a business is essential in today’s digital world.

By implementing strong security controls, having a disaster recovery plan in place, investing in cyber insurance, and regularly conducting risk assessments, businesses can better protect themselves against cyber threats and minimize the impact on their operations.

By being proactive and staying informed about the latest cyber threats, businesses can build a robust defense against these threats and ensure their long-term success.

Why non-profits need to invest in cybersecurity

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Cybersecurity is an increasingly important concern for all organizations, including non-profits.

In the digital age, non-profits rely heavily on technology to carry out their mission and serve their constituents, making them vulnerable to cyber attacks.

Here are seven advantages of prioritizing cybersecurity for non-profits:

⚔️ Protecting sensitive information:

Non-profits often have access to sensitive information such as donor and volunteer data, financial records, and personal information.

⚔️ Complying with regulations:

Many non-profits receive funding from government agencies or foundations that have strict requirements for data security.

⚔️ Maintaining donor and volunteer trust:

A data breach or cyber attack can damage a non-profit’s reputation and undermine the trust of donors and volunteers.

⚔️ Protecting against financial losses:

Cyber attacks can result in financial losses for non-profits, including costs associated with recovering from the attack and repairing damage.

⚔️ Enhancing employee productivity:

Cybersecurity measures can help employees work more efficiently by protecting against cyber threats and minimizing downtime due to cyber attacks.

⚔️ Increasing competitiveness:

In today’s digital age, non-profits that demonstrate a commitment to data security may have a competitive advantage over those that do not.

⚔️ Reducing insurance premiums:

Many insurance companies offer discounts to organizations that have implemented robust cyber security measures.

In conclusion, cybersecurity is an essential consideration for non-profits.

By prioritizing it, non-profits can protect sensitive information, preserve financial resources, maintain trust, enhance their reputation, facilitate collaboration, ensure compliance, and support their mission.

It is important for non-profits to assess their cybersecurity needs and implement appropriate measures to safeguard against potential threats.

3 reasons that cybersecurity is in the state it is!

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Cybersecurity is at a low level for several reasons.

One reason is that organizations, governments and individuals are not investing enough in cybersecurity measures.

This can include not allocating sufficient budget or resources for cybersecurity training, hiring, and technology.

Another reason is that many organizations and individuals do not have a clear understanding of the cyber threats they face, and as a result, do not prioritize cybersecurity.

Additionally, many companies and individuals are still using outdated software, hardware and systems that are vulnerable to cyber-attacks which could have been prevented if they were updated.

Furthermore, the sophistication and complexity of cyber attacks are increasing at a faster rate than organizations and individuals can keep up with.

All these factors combined have led to the current low level of cybersecurity.

Lowest entry-level ever

Today, the entry-level for cybercrime is at an all-time low.

This is due in part to the increasing availability of easy-to-use tools and resources that allow individuals with little technical expertise to engage in cybercrime.

For example, there are now numerous online forums, tutorials, and hacking tools that can be easily accessed and used by anyone with an internet connection.

Additionally, the rise of the dark web has made it easier for individuals to purchase and use malicious software, such as malware and ransomware, for criminal activities.

Furthermore, the increasing use of automation and AI in cybercrime has made it easier for cybercriminals to launch large-scale attacks and target a wide range of victims.

All these factors have led to the lowering of the entry-level and increase of cybercrime which is a major concern for organizations, governments and individuals.

Education and training from the wrong direction

Education and training that is delivered in a top-down manner, where the information and knowledge is passed down from the top level of an organization to the bottom, can fail for several reasons.

One of the main reasons is that it does not take into account the unique needs and perspectives of the individuals or groups who are being trained.

The information may not be tailored to their specific role or level of understanding, making it difficult for them to apply it effectively in their work.

Additionally, top-down education and training can lead to a lack of engagement and buy-in from the individuals or groups who are receiving the training.

Without their active participation and interest, the training may not be as effective in achieving its goals.

A bottom-up approach, on the other hand, is more inclusive and empowering, and it starts with the needs and perspectives of the individuals or groups who are being trained, ensuring that the training is more relevant and meaningful to them.

Software was written for the first to market, not as a secure platform

Software that is written with the primary goal of being the first to market may not prioritize security.

This means that the software may have vulnerabilities or weaknesses that can be exploited by cybercriminals or hackers.

These security flaws can lead to data breaches, loss of sensitive information, and other types of cyber attacks. Additionally, software that is not designed with security in mind may not comply with industry regulations or standards, which can lead to legal and financial repercussions for the company that developed the software.

To avoid these issues, it is important for companies to balance the need for speed to market with the need for a secure and compliant software platform.

Additional

AI

Artificial intelligence (AI) will have a significant impact on both cybersecurity and cybercrime.

On the cybersecurity side, AI can help organizations and individuals detect and respond to cyber threats in real time, by using advanced machine learning algorithms to analyze large amounts of data, identify patterns, and make predictions about potential attacks.

Additionally, AI-based systems can also be used to automate many security processes, such as patch management and incident response, which can help organizations and individuals become more efficient and effective in defending against cyber attacks.

On the other hand, AI can also be used by cybercriminals to launch more sophisticated and automated attacks, such as spear-phishing, social engineering, and malware campaigns.

AI-based malware can also be designed to evade detection by traditional security systems and can spread quickly across networks.

Additionally, AI can also be used to enable new forms of cybercrime, such as deepfake generation, which can be used to impersonate individuals or organizations in order to steal sensitive information or money.

Therefore, AI can have a significant impact on both cybersecurity and cybercrime and it’s important for organizations and individuals to stay aware and adapt to the new technology.

The risks associated with online shopping and banking

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Online shopping and banking have become an integral part of our daily lives, but with the convenience of these services comes the risk of cyber threats.

cybercriminals and scammers can target your personal and financial information in order to steal your identity, money, or both.

That’s why it’s so important to practice good cybersecurity habits when shopping and banking online.

Here are some best practices to keep in mind:

🔰 Use a password manager to create and store strong, unique passwords for each of your online accounts.

It can be tempting to use the same password for multiple accounts, but if a hacker gains access to one of your accounts, they will have the key to all of them.

🔰 Enable two-factor authentication (2FA) on your online accounts whenever possible.

This adds an extra layer of security by requiring you to enter a one-time code in addition to your password when logging in.

🔰 Make sure that the websites you shop on and use for banking are secure.

Look for a URL that starts with “https” and a padlock icon in the address bar.

This indicates that the website is using a secure connection to encrypt your data.

🔰 Use a credit card rather than a debit card for online purchases, as credit card companies generally have stronger fraud protection policies.

If your credit card information is stolen, you can typically dispute the charges and get your money back.,

🔰 Avoid using public Wi-Fi networks for sensitive transactions, as they may not be secure.

Cybercriminals can easily set up fake public Wi-Fi networks in order to steal your information.

🔰 Regularly check your bank and credit card statements for any unauthorized charges or activity.

🔰 Be wary of phishing emails or texts that try to trick you into entering your login or financial information on fake websites.

These scams often use fake logos and branding to make them look legitimate, so it’s important to be on the lookout for red flags.

If you receive an email or text from a company that you don’t recognize, do not click on any links or enter any information.

🔰 Keep your computer and other devices up to date with the latest security patches and software updates.

These updates often include important security fixes.

🔰 Use a firewall and antivirus software to protect your computer from malware and other threats.

These tools can help to prevent malware from infiltrating your system and can also detect and remove any malware that does get through.

🔰 Consider using a virtual private network (VPN) when connecting to the internet, as it can help to encrypt your data and protect your online activity from being monitored.

By following these best practices, you can help to protect yourself and your personal and financial information while shopping and banking online.

Remember, it’s always better to safe than sorry.

No one waits for a car accident before investing in insurance why would cyber insurance be any different

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The use of technology has become an integral part of our daily lives.

From the way we communicate with others to the way we conduct business, technology has transformed nearly every aspect of modern society.

As a result, the risk of cyber-attacks and data breaches has also increased significantly.

Unlike car accidents, which are typically one-time events, cyber attacks can have long-term consequences.

They can result in the theft of sensitive personal and financial information, damage to a company’s reputation, and even legal action.

The costs associated with these types of attacks can be substantial.

This is where cyber insurance comes in.

We invest in car insurance to protect ourselves in the event of an accident, cyber insurance can provide protection against the financial consequences of a cyber-attack.

It can help cover the costs of recovering from an attack, such as legal fees, data restoration, and public relations efforts.

There are several reasons why people and businesses should consider investing in cyber insurance.

It provides financial protection in the event of a cyber attack.

It’s impossible to completely eliminate the risk of a cyber-attack, but having insurance can help alleviate some of the financial burdens that comes with dealing with the aftermath.

Another reason to consider cyber insurance is the increasing frequency of cyber attacks. It’s not a matter of if a company will be attacked, but when.

There are potential legal consequences to consider.

A company may be held liable for a data breach if it fails to adequately protect customer data.

Cyber insurance can help cover the costs of legal action and settlements, which can be substantial.

Despite the clear benefits of cyber insurance, many people and businesses still don’t invest in it.

This may be due to a lack of awareness about the risks of cyber-attacks and the potential consequences.

Others may believe that their company is too small to be a target or that they have sufficient in-house security measures in place.

It’s important to remember that cyber attacks can happen to anyone, regardless of size or industry.

Small businesses and non-profits are often targeted because they may have fewer resources to devote to cybersecurity.

Cyber insurance can provide an extra layer of protection against the unexpected.

No one waits for a car accident before investing in insurance, it’s important not to wait for a cyber attack before considering cyber insurance.

The risks of a cyber attack are real and the consequences can be severe.

Don’t wait until it’s too late – consider cyber insurance for your business today.

It is the responsibility of the board of directors to carefully consider and manage these risks.

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Business risk is an inherent part of any enterprise, and it is the responsibility of the board of directors to carefully consider and manage these risks.

When it comes to cybersecurity, there are several factors that the board of a small, medium or non-profit enterprise should consider in order to determine what is an acceptable business risk.

First and foremost, it is important for the board to understand the potential consequences of a cybersecurity breach.

This includes not only the financial costs of responding to the breach and repairing any damage but also the impact on the company’s reputation and customer trust.

The board should also consider the likelihood of a cybersecurity breach occurs, as well as the potential severity of the consequences.

One way to manage cybersecurity risk is through the implementation of robust security protocols and technologies.

This includes ensuring that all software and systems are regularly updated and patched, using strong passwords and implementing two-factor authentication, and regularly training employees on cybersecurity best practices.

The board should also consider investing in cybersecurity insurance, which can help to mitigate the financial impact of a breach.

Another aspect of managing cybersecurity risk is having a robust incident response plan in place.

This should outline the steps to be taken in the event of a breach, including how to communicate with employees, customers, and the media, as well as how to restore systems and recover from the incident.

It is important for the board to consider the potential for external threats, such as cybercriminals.

This includes considering the use of security tools such as firewalls and intrusion detection systems, as well as implementing processes for monitoring and detecting potential threats.

In addition to these technical measures, the board should consider the role of company culture in managing cybersecurity risk.

This includes promoting a culture of cybersecurity awareness and education among employees, as well as setting expectations for responsible behavior online.

Ultimately, the acceptable level of business risk when it comes to cybersecurity will depend on the specific circumstances and needs of the enterprise.

The board should carefully consider the potential consequences of a breach, the likelihood of such an incident occurring, and the measures in place to mitigate and manage these risks.

By taking a proactive approach to cybersecurity, the board can help to protect the company’s assets and reputation, and ensure the long-term success of the enterprise.