Your Board should be helping you look out for the future

Like most small business owners, unless you hit the lottery and started capitalizing your business all by yourself, youprobably have some key shareholders who serve on your Board of Directors. You may also be finding that they areincreasingly concerned about strategies to assess risk management. Most small businesses tend to overlook riskmanagement issues—they usually just don’t have the time. Every minute is spent building the businesses and making sales.Operations and sales consume 120 percent of a small business owner’s time. In this e-guide, we’ll do a quick run-throughof some topics that you may wish to address with your board as you collaborate to protect your business from cybercrime,as well as other negative events.

Developing strategies to protect a business in the event of an untoward or bad incident is nothing new. It just isn’tcommon among small businesses. However, with the increase in cybercrime, as well as high profile weather events whichcan affect every aspect of even the smallest business, company boards are focusing on how to protect shareholder equity.In this we will focus primarily on strategies your IT department and/or an MSP can implement to protect your digitalassets. The point here, however, is not just that your IT and MSP should be making plans to protect your business. It isthat your Board has a vital role to play in strategic planning and risk management. They should be supporting yourinitiatives and be fully informed of your plans.

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Ransomware vs other malware attacks

Ransomware vs. other malware attacks There is no end to the volume and type of malware out there in cyberspace. For a very long time, organizations were aware that viruses could attack their data, render it corrupted and unusable. They were also aware that malware was used to steal data and use it for–primarily–monetary gain. Sell off banks of credit card numbers, steal identities, re-sell Social Security numbers, etc. Phishing, as we talked about in an earlier blog, is a set of tricks to get access to personal information and probably even to your IT network by stealing access credentials, but that’s not the only way. Cybercriminals also deploy various malware such as viruses, worms and trojan horses to attack IT networks. These malware usually gain entry into the system disguised as genuine email attachments, links to file downloads, etc. and then corrupt the data. If it is a case of a virus whose sole intent is criminal mischief, your surest protection are consistent and frequen...

Everyone wants to go phishing

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Your business runs on data, but so do the cyber criminals

Your business runs on data, but so do the cyber criminals who want to steal yours One very painful truth about running a business is that you possess data that is attractive to criminals. There is no avoiding that reality. You have data. They want data. It is an ongoing challenge to maintain data security as cyber criminals' efforts evolve and change on a daily basis. The wall that kept you safe last week may have holes in them today. Keeping up with the latest threats is a specialized field that in-house IT support likely doesn't have. An MSP can provide the support you need in the face of ransomware threats and other malware. Also, an MSP can provide 24/7 monitoring. Speaking of data security, brand damage isn't the only issue with data security breaches. In many cases, there are data protection laws that regulate how you secure personal information. In specific industries there are federal, state, and even overseas regulations that set standards for data protectio...

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