21 Tips on Stopping Cyber Attacks

By Michael Roth | RERmag.com Every business, large or small, faces a common enemy – cyber attackers. They came in many formats, often with seemingly friendly faces. But the consequences can be serious and extremely costly. Here are some tips from our readers. There are a lot of estimates about the costs of ransomeware attacks and the costs of cybercrime. A technical writer with Astra estimates that the cost of the average cyber-attack has grown from $10,000 to $18,000 from 2021 to 2022. By 2025 the average cost will increase tenfold. In the U.S., 40 percent of cyber-attacks netted the attacker more than $25,000. According to the FBI’s Internet Crime Report for 2021, cybercrimes cost $6.9 billion or more. According to Cybersecurity Ventures, the cost of cybercrime will hit $10.5 trillion annually by 2025. It seems almost ironic to use the term “annually” because the annual increases tend to be double, triple or even quadruple digits. The Gartner corporation predicts that during the next two years, 45 percent of global organizations will be impacted in some way by a cyber-attack. Email is a constant vehicle for cyber-attacks and now more than 4.2 billion people use email, a number that is likely to grow to 4.7 billion by 2026. Increasingly people need to plug in to the Internet to transact the most basic of activities. One prediction is that there will be 7.5 billion Internet users by 2030. There are a lot of avenues for phishing and cyber-attacks from increasingly insidious viruses. “Ransomware attacks on businesses both large and small are skyrocketing,” says Jeff Knoepke of Alert Rental Software. “As our businesses become more and more dependent on computer technology for daily operations, losing access to your systems can be a devastating blow. You can lose everything from financial records to upcoming orders, making it nearly impossible to operate.” READ FULL ARTICLE >>