What Businesses Need to Know About Cyber Attack This Year

What Businesses Need to Know About Cyber Attack This Year

by Proforma Construction, September 13, 2018

Cyber attack and data breach are serious risks that your business needs to be aware of.

As a business owner, you understand that your company is subject to a certain amount of risk.  One of the most serious risks that it faces is the threat of cyber attack and data breach.  Contrary to what you might believe, every business, regardless of size, scope, or industry, can be the victim of cyber crime.  Here are some of the things that you should know about cyber attack in 2018.

It’s More Common Than Ever

While the threat of cyber attack is ever constant, this risk has become more and more pressing.  According to Avast, a global cyber-security firm, cyber crimes are up 40% as compared to 2017.  This uptick is particularly prevalent in mobile devices such as company smartphones and tablets, so it’s vital that you increase cyber security measures on these devices.

It’s Extremely Costly

If your business is ever the victim of a cyber attack or data breach, then expect it to cost you a significant amount.  Not only will your business be responsible for the cost of informing your customers, recovering compromised data, and repairing affected computer systems, but you will also have to deal with the cost of client-filed lawsuits against your company.  Having the right cyber liability insurance will help you address these costs.  However, if you do not have this protection in place, then your company might not have the resources to recover.

It Has Other Costs

Unfortunately, the cost of a cyber attack or data breach is not purely monetary.  Businesses that are the victims of cyber crime also have to deal with a damaged reputation which can lead to lost business opportunities, dissatisfied customers, and cancelled contracts.  Additionally, they may have to deal with their competitors referencing the cyber attack as a means of promoting their own businesses.

These are some of the things that businesses need to know about cyber attack and data breach in 2018.  Looking for assistance with your commercial construction project this year?  Then make sure you have the right construction experts on your side.  For assistance with all your commercial construction needs, contact Proforma Construction.  Serving Pleasanton and the surrounding California area, our highly trained and experienced team is ready to make your commercial construction dreams a reality.