We All Know a Nigerian Prince Who Needs Help

Technology has played an important role in the growth of our economy.  However, it has also given rise to malicious threats from bad actors as well.  I am sure we all know a Nigerian prince whose money is stuck overseas, who just needs our help (or more specifically our personal information) to get it out.

As funny as we think that is, businesses and government entities fight Phishing, malware, ransomware, spyware and more on a daily, if not hourly, basis.  So, how do you protect yourself or what is the process if you are breached?  While nothing is fool proof, below are some tips that may be useful:

1. Keep your software up to date
2. Practice good password management
3. Never leave devices unattended
4. Safeguard your data
5. Safeguard your mobile devices
6. Install anti-virus/anti-malware protection
7. Keep your data backed up
8. Make sure you have a cybersecurity protocol for your company
9. Review your contracts and make sure you have cybersecurity addressed
10. Review your cybersecurity insurance coverage and make sure it provides adequate coverage

Most importantly, don’t ever think that you are fully protected.  The technology landscape is constantly changing and your vigilance in this area will pay dividends in the long run.  Below are some articles and alerts that may be of interest:

• The Worst Hacks and Breaches of 2022 So Far | WIRED
• These are the biggest cybersecurity threats. Make sure you aren’t ignoring them | ZDNET
• Strengthen your cybersecurity (sba.gov)
• 5 biggest cybersecurity threats | 2021-02-03 | Security Magazine

Other Items of Interest:

• M&A – Achieving Value in Turbulent Times – EisnerAmper Webinar (11/15 1-2pm)
• The Critical Role of IT in M&A – Stambaugh Ness Webinar (11/17; 2-3pm)
• ACT NOW: Lease Accounting Standards / ASC 842 – Stambaugh Ness (11/30; 12-1pm)