In the rapidly evolving information technology landscape, keeping up to date with software is crucial. Yet, many organizations continue to use End-of-Life (EOL) software—products that manufacturers no longer support, upgrade, or update—posing substantial business risks.
In this digital age, cyber-attacks and unresolved IT vulnerabilities are as threatening as ever, exposing businesses to massive potential damage. As technological advancements surge, so does the sophistication of the threats we face. From ransomware to phishing and malware to DDoS attacks, cyber threats run the gamut, each with its unique challenges and implications.
What Is Cyber Liability Insurance Coverage?
More businesses than ever rely on cloud storage solutions and mobile devices with remote access to company networks, so cyber risk mitigation has never been more urgent. Hybrid and remote work environments offer exceptional advantages, but your business must protect its interests with a robust cyber coverage policy.
Accurate and insightful business analysis requires clean, unfettered data. Even the smallest amount of incorrect data can potentially cause a cascading effect that results in wildly inaccurate business predictions. In turn, any serious business decisions made using these predictions are inherently flawed.
A combination of the words SMS and phishing, smishing is a type of cyberattack where the perpetrator sends an enticing text message in hopes of getting the recipient to click on a link.
When successful, smishing attacks let hackers access a user's credentials or other private information.
Today, businesses of all sizes rely on computers and online services for everything from billing and account management to customer service. Data loss or theft could be catastrophic for those businesses. In spite of these risks, many organizations overlook cybersecurity and business continuity either through a lack of cybersecurity skills or a belief that they're too small to be targeted by hackers.
Remote Work vs. In-Office vs Hybrid Option: What's Best for Your Workplace?
If your company is like other organizations that relied on remote workers during the COVID-19 pandemic, you might be considering a shift to a hybrid work model or in-office space to get more face time with your team.
Cybersecurity threats become more sophisticated by the day, especially in Canada. Make sure your remote workforce is protected by knowing the risks.
Importance of Cybersecurity for Engineering Firms
According to research conducted jointly by Stanford University and Tessian, 85% of cybersecurity breaches result from company employees clicking on hacker emails. Despite breaches being common, a high percentage of businesses lack a security strategy to protect against cyberattacks.
In the manufacturing industry, time is money. Broken equipment, supply chain disruptions and other problems prevent manufacturing companies from meeting their production goals, resulting in lost revenue and reduced customer satisfaction. In some areas, natural disasters are also a major concern, as they can destroy production equipment and impact operations for several weeks.