The Expert Podcast

It's getting pretty bad out there for cybersecurity. The hackers are winning, according to this article. Ransomware groups are racking up victims among Corporate America. A new generation of criminals has breached a slew of major firms. Normally, when we do a headline, we cut out the hero image, but look what it says here: Boeing. If Boeing is a victim, what chance do you have? You have an IT department, and you have best practices, but unless you have more than just prevention—if you have active monitoring or a response protocol, and third parties helping you—you may be at risk of losing everything.

We’ve talked about it before: 60% of companies that have a breach go out of business within two years. So, the hackers are winning. They're upping their game and taking this seriously as a professional enterprise. These hackers, to them, it’s a business just like yours is. They have sales departments, business development, and are increasing their skill sets. You want to make sure you're prepared for it.

The three takeaways are: Make sure that you have a third party helping you monitor for attacks. You have a great IT person and IT department—that's all well and good—but you want to have third parties that are out there in the marketplace, giving you best practices for how to prevent it. Monitoring to see if it happens, but then also a response team that can kick in after the fact if you do get hit. You can have someone who takes the reins and does all the mitigation methods that need to be put in place because you're not going to have time for it. You're going to be putting out fires in your business with sales, customers, employees, and everything else. You're not going to have time to drop running your business to try to put out this fire of the hack.

So, be aware of that. You can check out our website; risk coverage has a lot more details on things you can do for prevention and services that are available to you.