Real Estate and Construction Newsletter April 2017
Preparing for Cybercrime is Now a Necessity, Not an Option
Cyber risk has become a front-and-center issue in today’s global economy and is affecting businesses of all sizes. The media is filled with reports of cyber attacks ranging from the recent FAFSA breach to the various ransomware and phishing schemes circulating the internet at any given time.
Data fraud or theft and cyber attacks rank fifth and sixth respectively in terms of likelihood according to the World Economic Forum’s 2017 Global Risk Report on their top ten list off risks. Unfortunately, a cyber intrusion of some sort no longer seems like a question of if, but rather a question of when. It’s imperative that business owners take an organization-wide approach to cyber security; it’s no longer an issue that resides solely with your IT Department. With the average cost of a data breach reaching $4 million, companies can’t afford to not be prepared.