Cybersecurity risks are not a brand-new phenomenon. However, the number of reported cybersecurity incidents has substantially increased as the COVID-19 pandemic caused businesses to rapidly adapt to a work-from-home structure, which created new vulnerabilities as greater numbers of employees remotely connected to business servers. The hard lesson learned from the past year is that businesses of any size can and will be targeted by online criminals seeking to obtain sensitive information, such as business data, social security numbers or credit card information, or to even impersonate company personnel to redirect wire and ACH payments meant for vendors to fraudulent bank accounts.
To help guard against the increased threat of cybersecurity incidents, businesses of any size are strongly urged to consider taking the following steps as soon as possible:
By taking the above actions, businesses can place themselves in the best possible position to prevent cybersecurity incidents from occurring, or in the worst-case scenario, help minimize the risks and liability that results from a cybersecurity incident and quickly get back to business.
For additional information, please contact Kenton Knop or any other member of Masuda Funai’s Intellectual Property & Technology Practice Group.
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