As mentioned in my last column, cyber attacks are becoming more sophisticated – and businesses and individuals must take proactive measures to protect themselves. You need a comprehensive action plan covering company-mandated strong passwords, software updates, multi-factor authentication, firewalls and employee training.
And finally, cyber insurance can provide financial protection against ransomware attacks that involve hackers encrypting a company’s data and demanding a ransom payment to restore access to the data.
Cyber insurance policies can also help businesses comply with data privacy regulations that impose strict rules on how businesses collect, use and store personal data. Non-compliance can result in hefty fines.
Purchase and prepare yourself with my new book, “Cyber Threats Uncovered,” on Amazon.