Cyber Security: Why it should be a top priority for your company

WHAT IS CYBER SECURITY:

The implementation and use of various online defenses to combat cyber-attacks.

South Africa is not ready for a major cyber attack, and has the highest probability in the world of suffering a data breach. Ransomware and cyber attacks are on the rise and having a cyber security strategy (as well as backups) is ESSENTIAL for large enterprises as well as SME’s.

TYPES OF THREATS

• Malware (viruses, worms, spyware, Trojans and ransomware)

• Man in the middle attack (eavesdropping)

• Phishing

• Password attacks

• SQL Injection

• Data tampering

• Spoofing

• Social engineering

• Drive-by attack

• Cross-site scripting (XSS)

• Credential Reuse

• Denial-of-service (DoS)

• Botnets

• Rootkit

SOLUTIONS

• Employee Training

• Firewalls

• Antivirus Software

• Using Secure Networks

• Security Testing

• Intranet Security

WHY YOU SHOULD GET CYBER INSURANCE FOR YOUR BUSINESS

NO CYBER INSURANCE:

Not having insurance can safe an SME a lot of money, but ask yourself, in the event of an attack will you have the finds to cover cost like detection, recovery and lost revenue due to interruption?

CYBER-INSURED:

A cyber attack can occur simply by someone clicking a link or attachment in an email, posing as a company you can trust. Combined with a good cyber response plan – insurance can provide extra support.

GIB CYBER CRIME INSURANCE SOLUTIONS

• Network Security Liability

• Incident Response

• Third Party Liability

• Business Interruption

• Data Restoration

• Cyber Extortion

• Outsourced Service Provider

• Physical Damage

• Privacy Liability