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Every organization has a lot of things that could go wrong in the course of doing business. They can run into supply chain issues, employee turnover and poor performance, natural disasters interrupting your “business as usual”, but one of the most unassuming, yet worrisome threats to your business is the cyberattack. This month, we go into a few ways cyberattacks threaten your business and how they play out to give you an idea of how to prepare.
Cyberattacks affect businesses differently than any other threats and have the widest array of outcomes. Cyberattacks are generally attempts to gain access to a business’ technology to steal data, steal money, or extort business owners. This can set up a lot of very frustrating scenarios for business owners and managers. These include:
The bottom line is always a factor and cyberthreats threaten the financial stability of your company. They do this in two very distinct ways.
There isn’t much that can hurt a business quite like an event that causes its clientele to sour on it. Cyberattacks can be a major red flag as they often result in personal information being stolen and leaked or sold. There are two common cyberattack scenarios that cause reputational damage. They are:
Cyberattacks not only present surface challenges, they present operational challenges. When an organization is unable to access systems or is deliberately attacked it can make it practically impossible to continue business-as-usual. Here are two types of attacks that can hinder productivity:
One aspect of the cyberthreat that may not be immediately evident is the role it plays in regard to regulatory compliance. There are very specific requirements written by governing bodies that require certain security benchmarks to be reached. If those aren’t, and your organization is the victim of a cyberattack, it can be problematic for these two reasons:
In order to ensure that you maintain cybersecurity, you need to have a strategy. The IT professionals at Digital Seattle can assess your business and help you develop security strategies that can keep cyberthreats at bay. Give us a call today at (206) 709-9556 to learn more.