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Sometimes, hackers don’t bother with storytelling and simply send an email with a link instructing users to sign into their Office 365 account. Sometimes the email may contain a link to download the document instead, as is the case with the popular “TRANSFER OF PAYMENT NOTICE FOR INVOICE” leading busy accountants to “download” non-existing invoices from the web. If your team doesn’t use Office 365, or any other software that seems to be sending you emails, the easiest way to minimize the risk is to delete the email immediately. A good place to start may be these two blog posts: 3nom’s Ultimate Guide to Email Security for Your Business and Email Security Protocol Template for Small and Medium-Sized Businesses.

The shift to remote work followed by an increase in sensitive data circulating on the web has exposed business networks to cyberattacks at the same time as the attacks themselves grew more sophisticated. Any business committed to securing its data from prying eyes should put together a cybersecurity toolkit that should include email security protocols and an advanced anti-virus, among other tools. On the contrary, if a business does most of its business abroad, this business will need to more thoughtful GeoIP setup that will include black and white lists of IP addresses, and even then may only marginally benefit from GeoIP. That being said, unless your company is one of the few who do business and host their data exclusively in the U.S., it is not recommended to DIY the set up on GeoIP to avoid issues with access by remote employees and partners.

Just as the name implies, cyber insurance exists to help transfer the risks of cybersecurity attacks such as security breaches, data loss, cyber extortion, and other data related incidents. Cyber insurance premiums typically range between $7,000 – $35,000 per million in coverage depending on the risk profile of your business. For example, if a data breach occurs and that breach could have been prevented by the practice of multi-factor authentication, then your claim could be denied because you did not take proper action to secure your data. Knowing specifically the type of coverage you need and the amount of coverage you require will go a long way toward getting you the best deal on coverage.

You can host your applications and databases with 24/7/365 pro-active support and storage, continuously mirror data to minimize a chance of data loss in case of crashes, and regularly stress-test your system without disrupting the workflow. A virtual office is operated by a managed service provider and equips a decentralized company with all components of a computer network such as hardware, software, backup, security, compliance and day-to-day IT support for one low flat monthly fee. A managed service provider can advise on the best mix of commercially-available and proprietary AI tools and stand them up on the existing IT infrastructure without the need for additional in-house resources. According to Gartner, hyperautomation is “a process in which businesses automate as many business and IT processes as possible using tools like AI, machine learning, event-driven software, robotic process automation, and other types of decision process and task automation tools.