Cyber attacks can cost companies millions of dollars in lawsuits and lost business. Once the public becomes aware of an attack on a company’s data and finds out that their own information may have been stolen by hackers, it takes a lot of goodwill to regain the trust of those who used to do business with them. It doesn’t matter how reputable a company is, if it is a victim of a cyber attack, consumers will think twice before trusting it with their credit card information.
Obviously, the best thing a company can do if it wants to stay in business is to take steps to prevent data sabotage. Data sabotage involves more than stealing customer credit cards numbers. This type of attack involves changing information in order to diminish the credibility of an organization. Typically, these attacks are designed so the hacker will gain some kind of advantage. For example, if a company’s data is altered on its annual report, this could have an effect on stock prices. Depending on the extend of the change and the level of cyber security the company has, this type of hack might go unnoticed for a while.
Companies that want to prevent these kinds of attacks and save their businesses will hire an Internet security team to monitor their system and continuously assess the company’s risk for attacks. While it might not be possible to prevent all hacking attempts, a skilled security team will be able to stop any attempted breach before it destroys the company. In addition to monitoring the network and protecting it from attacks, a security team may also train managers and even employees to teach them how they can play a role in keeping the company’s computer systems safe.
When employees are invested in the company’s success, they are more likely to use strong passwords and not share their access information. They’ll also refrain from logging into the company’s server from public Wi-Fi, where their device could be easily compromised. Hacking is expensive and it might cost the employees as well as the business owner. If the company goes out of business or has to lay off employees to pay fines or settlements, employees will suffer most.