How to Avoid the Consequences of a Cyber Attack During COVID-19

Companies need to invest in cybersecurity and insurance that allows them to avoid or overcome, without notable consequences, a cyber attack.

The evolution of technology and our coexistence with it day by day leave traditional thefts almost to one side and focus on more studied attacks with a specific proposition.

In a previous post, we saw how cyberattacks had been the B-side of the quarantine caused by the emergence of COVID19 all over the world. The truth is that unethical hackers use the moments and situations of greatest vulnerability to roam freely.

However, this not only occurs in situations such as this health and economic crisis that we are going through, but it is already a constant that coexists with companies and with people. So what can happen if your company suffers a cyber-attack? How can its consequences be reduced? Let's see it in this post.

What happens if you suffer a cyber attack in your company

As we have already pointed out, an attack by an unethical hacker uses a situation of vulnerability, and that the necessary preventive measures have not been taken. That is why we place such emphasis on strengthening corporate cybersecurity since the consequences of a cyberattack are significant. Causing?

• Impossibility of accessing your website and to do so, they ask for a ransom, which has been a ransomware attack.
• Theft of the most important files and archives of your organization.
• They prevent the issuing of invoices or collections.
• Impersonations occur. Phishing is one of the most common cyber attacks in recent times.
• Make improper payments.
• Increase in the electricity or telephone bill.

Economic consequences of a cyber attack

In addition to causing usability and management restrictions on business teams, an attack by an unethical hacker has financial consequences.

What does it mean economically for the company?

• Spending on a specialist software company to repair the damage suffered.
• The cost of human talent stopped while the cyberattack is solved.
• Replacement of the financial amount defrauded.
• The cost of a possible legal claim.
• A loss of profits due to not being able to operate normally.

Reputational consequences of an unethical hack

Reputation is often what drives a customer to a company for products or services. A cyberattack can lead to the leakage of the data of many providers or individual people, thus creating mistrust.

Besides, we live in a time in which the media and social networks report to the minute what is happening. Therefore, it is necessary to take into account the presence of cybersecurity in companies.

Find the best total security to protect your data from the unethical hack

How to avoid suffering a cyber attack?

It has professionals for it. At Watch & Act, we make it easy for you. We have cyber risk insurance so you don't have to worry about anything:

• Your company will be covered against any attack and you will not have to pay for any concept.
• You will have an immediate solution to computer problems.
• You can continue telecommuting or work from the office as normal.