Top Risks For Local Businesses

September 12, 2022

The disruption generated by COVID-19 has accelerated digital transformation among businesses and organizations worldwide. Cyberattacks affect everyone, but small firms appear to be one of the most popular targets.  Here are a few cybersecurity dangers that firms should be prepared to manage:

Supply chain attacks

Supply chain cyberattacks will continue to create new chances for cybercriminals this year.

Mobile devices

COVID-19 has resulted in an increase in mobile device usage to conduct business. Not only do remote users rely more heavily on mobile devices, but the increase in user base has created a broader target for cybercriminals.

Remote workers

A firewall and staff awareness along with tight policies and training can be used to prevent basic cybersecurity threats within an organization’s setup. However, when people work remotely implementing cybersecurity precautions becomes more complicated. Sixty-eight percent of senior IT professionals believe their staff has picked up negative cyber-security behaviors while working from home.

Cloud Vulnerabilities

Most believe that the Cloud has become more secure over time, but this is not necessarily the case.  According to IBM, over the last five years Cloud vulnerabilities have increased by 159 percent.  Verizon’s 2021 Data Breach Investigations Report (DBIR) noted that web applications in the Cloud represent 39% of all breaches.

Call our office to discuss how cyber liability insurance should be part of your cyber preparedness program.

The Armstrong Company understands the needs of businesses in our community.

As an independent insurance agency, we take pride in reviewing your options with multiple insurance companies and comparing protection and prices to find the best value for your business.

We’re committed to being an advocate for you and your business in times of need.

To talk with one of our helpful team members about your business insurance needs, contact us today.