The Biggest Business Crime in the US

Written by Kevin Landers | Dec 10, 2020 1:15:00 PM

Did you know that the fastest growing crime in the US is invisible?

Using clever automated tools, it can invade your business in a matter of seconds.

This is how cyber-crime operates. Hackers find weaknesses in your network and exploit those weaknesses to steal money, customers, and important data from your business.

Everything in our modern world is online, businesses heavily rely on the internet for sales, marketing, and data. If your business is not up to date with the right tools and information to avoid a cyber attack, you may be setting yourself up for disaster.

On a global scale, cyber attacks target manufacturing businesses the most among all businesses. According to the FBI, cyber-crime cost US businesses and individuals 3.5 billion dollars in 2019 alone. This dollar figure is smaller than it should be considering that it only amounts for the cyber-crimes that were reported.

The FBI's cyber-crime complaint department reported receiving 1300 complaints per day. They said that a majority of attacks on businesses were the result of business email compromises (BEC). This is why it is important for you to secure your business from online security threats.

So how can you protect your business?

A Blended Approach

The majority of cyber-criminals will attack the weakest of networks and security systems. This makes sense because they are easier and faster for them to breach and also because hackers utilize automated software that detects weak systems for them.

You need security software for your business that is secure and complicated enough for hackers to not be able to detect and breach your network. At the same time, it needs to be user friendly enough so it does not bother you and your employees from conducting day to day business.

This is why a blended approach will give you enough security to protect your business, but not too much to annoy your team all day.

Regular Awareness Trainings

Cyber-criminals come up with new and clever ways to approach employees of companies in order to attempt breaking in. They can target businesses with improved techniques every time they try to breach them through users.

After you have secured your network with the right software, it is crucial to maintain that security by adding regular cyber security awareness trainings for your team. This will help avoid BECs and other user-based compromises to your system.

Due to regularly improved techniques of cyber-criminals, it is important for your employees to stay up to date with all of their new methods. This is why regular training can help employees identify and avoid fraud and breach attempts.

Conclusion

When it comes to cyber-crime and cyber-security, there are no guarantees. Talented hackers can compromise the best of security systems, but this does not mean you openly allow them to compromise your business.

It is always recommended to report any breach attempts to your business. Cyber-security branches of government agencies can use the help to stop and recover lost money and data of businesses.

Applying these techniques and securing your systems will dramatically decrease your chances of becoming a victim to cyber attacks.

We can help you with all your cyber security needs and make your business safer by implementing a blended approach with regular awareness trainings.

Contact rocketwise today and learn more.