If you or someone in your organization doesn’t regularly patch routers you are leaving a backdoor to your operations.
Because your router is exposed to the internet, hackers can scan for your type of router and sneak in using these zero-day flaws
Remember that cybersecurity consulting services partnered with managed IT services can alert you to these types of flaws because once they get into your network…
They Search Your Data
The Hackers Get All The Info They Need: Hackers can search for and steal sensitive business data, including customer information, Pii, intellectual property, financial records, and employee data
With this information they know who you are, what your operations look like, who works there, how much money you have, how the money flows in and out, who your biggest clients are and then…
Hold Your Operations For Ransom
They Drop The Hammer: One of the most common outcomes of a successful hack is the installation of ransomware. The attacker encrypts your critical files and demands a ransom (usually in cryptocurrency) in exchange for the decryption key.
If you have a disaster recovery plan that allows you to restore operations, but that doesn’t mean your safe from…
Reputation Damage
Everyone Looks Bad: If you don’t pay the hackers then they go full angry girlfriend and air out all your laundry.
They call your clients, employees and business partners and let them know that they have their information and they will leak it onto the dark web if you don’t pay the ransom. Even if you do pay you better expect huge…
Financial Loss
You Lose Money One Way Or Another: If you pay, you loss money. If you do pay… you lose money
Legal fees, rebuilding your operations, damage control, loss of business, angry employees, embarrassment and prolonged downtimes are just some of the ways that you feel huge financial losses so you better…
Hope You Have Cyber Insurance
Costs Pile Up & You Have Only One Option: As lawsuits pile up, downtime extends, and compliance bodies asks for details the fines start piling up (remember that you have employee and client SSNs, Bank Info & Pii).
You better pray that you have Cyber insurance because it is the only thing that can save you. You better also pray that you filled that form out correctly because a form full of half-truths or outright exaggerations will mean a drop in coverage and NO MONEY
Just letting them in and ignoring IT and Cybersecurity is how many older companies get put out of business so…
How do you Minimize the Risk of a Breach:
- Incident Response Plan: Have a detailed, tested incident response plan in place to quickly detect, contain, and remediate a breach.
- Regular Backups: Ensure critical data is backed up regularly, and store backups offline or in a secure cloud environment.
- Security Awareness Training: Train employees to recognize phishing attacks and other social engineering tactics.
- Network Segmentation: Divide your network into segments so that if one part is compromised, the attacker cannot easily move laterally across the entire organization.
- Strong Authentication: Implement multi-factor authentication (MFA) for accessing sensitive systems to reduce the risk of unauthorized access.
- Zero Trust Architecture: Adopt a Zero Trust model, where every user and device is assumed to be a potential threat, requiring strict verification for access to resources.
- Regular Security Audits: Conduct regular vulnerability assessments and penetration testing to identify and fix potential weaknesses before an attacker can exploit them.
In Summary, Modern Companies Enact Cybersecurity to Save Themselves From Catastrophic Losses:
A hacker getting into your business network whether through a security flaw or an employee accident will lead to downtime, ransoms, reputational damage, financial losses, piling costs and hard lesson that proactive Cybersecurity isn’t being done by Fortune 500 companies because their stupid, but because they’re smart
Discover how Hoffman Estates IT services can enhance your business’s security and efficiency with tailored technology solutions. LME Will Get Your Business SOC Compliant and HIPAA Compliant!
Other Services we Offer: ISO Certified & Maintain Compliance, Chicago Cybersecurity Services, Accounting I.T. Services
Further Reading: How Managed IT Services Support Chicago’s Remote and Hybrid Workforces, The Role of Fully Managed IT Support in Business Continuity and Disaster Recovery.
