President Biden explicitly warned U.S. businesses on March 21, 2022, that as Putin feels increasing global pressures, he'll resort to severe methods of retaliation and attack, including cyber attacks. The cyber security threats that businesses face have been on the rise for a few years now, but with the Russia-Ukraine conflict heating up, it's only going to get worse.
Hackers are constantly looking for new ways to exploit vulnerabilities in systems, and they're not going to discriminate between company sizes or locations. While the cyber landscape may seem grim, there are still strategic methods that everyday U.S. businesses can employ to protect themselves.
In this blog post, we'll discuss some of the cyber security threats that businesses can expect in the coming months and how they can protect themselves from these threats.
How Does Russia's War on Ukraine Impact My Business?
The conflict between Russia and Ukraine is escalating, and as a result, cyber attacks are imminent. This is because hackers use chaos to exploit vulnerabilities in systems, and they may target businesses that have ties to either country.
At the onset of Russia's physical attack, hackers hyperfocused on critical Ukrainian infrastructure and launched cyber attacks in an effort to weaken the country on the digital battlefield. The war is causing significant instability in the region, which can lead to more cyber attacks or more significant attacks across the world.
Types of Cyber Threats
One of the biggest cyber security threats that businesses face is data breaches. Hackers can gain access to sensitive information, such as customer data or financial records, by breaching a company's systems. This type of attack can have serious consequences for a business, including reputational damage and financial loss.
Another type of cyber threat that businesses need to be aware of is ransomware. This is where hackers gain access to a company's systems and encrypt their data, holding it ransom until the business pays a fee to decrypt it.
This type of attack can be devastating for a business, resulting in the loss of essential data. To protect against ransomware, companies need to have backups of their data so that they can recover it if it is encrypted.
How To Protect Your Business Data
The Russia-Ukraine conflict is likely to cause an increase in cyber attacks worldwide. Businesses must be aware of the risks and take steps to protect themselves. Cyber insurance can help mitigate the financial losses that can result from an attack, and it's something that businesses should consider if they don't already have it in place.
In addition to cyber insurance, businesses need to have robust cyber security measures in place. This includes tactics like firewalls, intrusion detection systems, and data encryption. By taking these steps, businesses can help protect themselves from the cyber security threats that will increase in the coming months.
Turn To Professionals: Contact Tekscape
When you partner with IT professionals, you can create a cyber security plan that will help protect your business against the threats that are sure to increase in the coming months. By taking action now, you can help keep your data safe and secure.
IT companies will also typically offer additional services such as managed IT, cloud solutions, data storage, and disaster recovery plans. These services can further help to protect your business against cyber attacks.
If you're concerned about the cyber security threats your business faces, contact the cyber security professionals at Tekscape today. They can help you assess your risks and put in place the necessary measures to protect your data.