Today’s professional platforms run largely on the internet. And that means that businesses and their leadership teams are under increasing threats of cyber-attacks, identity theft, and more. These can have a devastating impact on a business by damaging its reputation, costing it money, or, worse, putting its customers at risk.
For these reasons, it’s more important today than ever to take cyber security seriously. By implementing the right measures, businesses can protect themselves from these threats and safeguard their assets and identities.
What Is Business Identity Theft?
Business identity theft is a crime in which criminals steal a business’s identifying information, such as name, tax ID, or bank account numbers. This information can then be used to open fraudulent accounts, make unauthorized purchases, or even take over the business in its entirety. Individuals can be targeted as well, and cybercriminals can easily overtake the email, phone numbers, and social media presence of key personnel when digital security isn’t made a priority.
The Impact Of Cyber Security Breaches
Cyber security breaches have a huge and negative impact on businesses of all sizes. From a financial perspective, a cyber security breach can cost a business upwards of $4.24 million and put a company at greater risk of going out of business within two years. Further, an alarming number of consumers will stop doing business with or not recommend companies that suffer data breaches and other cyber security attacks.
Cyber Security Solutions
Fortunately, businesses have many lines of defense against those lurking in the shadows of the dark web. ITC Technologies offers a full suite of cyber security solutions, from malware protection and vulnerability management to multilayered cloud security and unified architecture, to help businesses maintain a veil of protection over their hardware and software.
What Businesses Can Do
In addition to contacting a cyber security professional, there are ways that businesses can implement digital strategies to protect themselves. This includes requiring multi-factor authentication, stronger passwords, and providing cyber security training to employees.
Can your business shoulder the weight of a security breach? If not, contact ITC Technologies today to find out how our advanced digital solutions can help you get ahead of cyber criminals. We will work with you to identify weak points in your security measures so that your business, its customers, and employees are not open targets.
