Biggest Cyber Threats Likely To Hamper Your Business |
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From the past few decades, cyber crime has been increasing at an extremely rapid pace. Though you may not consider it to be a major threat as compared to other traditional crimes, it does strike hard when it is committed. There are various insurance policies that you can purchase in order to safeguard your business, but hardly consider having insurance for cyber crime. It is high time the enterprises realise the importance of having such an insurance and the fact that such crimes can cause far more serious damage as compared to the traditional ones. Today, majority of the businesses don’t have cyber crime insurance. Moreover, certain organisations don’t even know that such an insurance exists and the ones that already have often don’t have a decent cover. The solution to this problem can be to mandate more sharing of data and raising public awareness. The Government should also aid in the same, because if there is a lack of awareness, the Government may need to enforce it on business organisations as it can have far reaching consequences. Also, the data should be kept anonymous. This is how you can try and combat the issue of lack of cyber insurance.
Another major reason behind lack of cyber insurance in companies is the lack of proper education about the same. If no one in your company is aware about the existence of such an insurance policy, how can you issue it? Moreover, there have also been cases where reputed companies were unaware that something like cyber crime even exists. The employees hardly know that their organisation can be robbed off millions without making any physical contact. It is a fact that cyber crime has existed since the dawn of internet and therefore nothing justifies being unaware of it. It is important for an entrepreneur to educate the employees about cyber crime. They should know that cyber attackers have power to control them in the most destructive manner. If they tend to make even a small mistake, they can lose all their data and control over the business. Try your best to educate your employees about the threats and ways in which a cyber crime can be committed. They need to be informed about the tricks used by attackers and the side effects of the same so that they can be aware of the ways in which they can protect themselves from such crimes.
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