<\/p>\n
No one is immune from cybercrime. Large corporations, government facilities, family businesses and individuals are all prey for hackers. In 2022, Americans lost $10.3 billion to a wide variety of internet scams. (1)<\/h2>\n\u00a0<\/h3>\nAccording to the FBI’s Internet Crime Complaint Center (IC3), more than 2,000 complaints are reported daily. Further, Donna Gregory, the unit chief at IC3, states only 10-12% of cybercrime victims reach out for help. (2)<\/h3>\n
According to the FBI’s Internet Crime Complaint Center (IC3), more than 2,000 complaints are reported daily. Further, Donna Gregory, the unit chief at IC3, states only 10-12% of cybercrime victims reach out for help. (2)<\/h3>\n
[\/et_pb_text][et_pb_image src=”https:\/\/familyenterpriseusa.com\/wp-content\/uploads\/2023\/09\/USI-Cybersecurity.png” alt=”Cybersecurity is No Longer Optional, It\u2019s a Necessity” title_text=”USI Cybersecurity” align=”center” _builder_version=”4.22.1″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
Keeping up with criminals on the dark web is daunting for those not familiar with tech however, turning a blind eye to holes in your cybersecurity is no longer an option.<\/p>\n
Consider these facts about the dark web:<\/p>\n
- \n
- For $1 you can get the tools to install a malware application on someone\u2019s PC<\/li>\n
- For $3 you can get someone\u2019s date of birth and social security number<\/li>\n
- For $25 you can get a digital copy of a fake driver\u2019s license or passport. (2)<\/li>\n<\/ul>\n
A small investment for a hacker can lead them to great rewards. As if those stats are not scary enough, consumers are making it easy for hackers to access their personal information. According to a survey conducted by Chubb, half of consumers in the US and Canada, including the wealthiest families, continue to use the name of their pet, or a similarly identifiable name or date, for their new password. It is time the general public educates themselves on cybersecurity.<\/p>\n
Where Do I Start?<\/strong><\/p>\n
In 2022, Chubb found that 92% of consumers are concerned about a cyber breach exposing their personal information or identity but only 51% are doing anything about it. (3) Proactive steps are necessary to keep your personal information and finances safe. Begin with these cyber threat mitigation efforts:<\/p>\n
- \n
- \u2022 If you do not recognize the sender, delete the text or email.
\u2022 Navigate directly to trusted sources via your web browser (if you\u2019re on your computer, your browser should be protected by antivirus and spyware software that you\u2019ve purchased and installed).
\u2022 Be wary of social media offers, articles or links that promise vaccine information, as these can be fraudulent attempts to access your personal information.
\u2022 Never provide personal or financial information online or via a telephone solicitation.
\u2022 Do not allow your computer to autofill passwords.
\u2022 Do not access financial or other personal accounts on public Wi-Fi or on a mobile device.<\/li>\n<\/ul>\nFor more best practices, see USI\u2019s Cyber Safety Checklist.<\/a><\/p>\n
Large corporations, government facilities, family businesses and individuals would benefit from a cyber audit. Bringing in a third party to evaluate your cybersecurity, although scary, is necessary. Once completed, the auditor provides a list of prioritized recommendations to strengthen your defenses. According to Tony Gebley of Annapurna Cybersecurity Advisors \u201cBy starting with an audit and following a structured process, you can build a more robust cybersecurity strategy that effectively addresses the cyber threats faced by your organization.\u201d Failure to prioritize your risks could result in areas of weakness in your risk management strategy.<\/p>\n
What Do I Do Next?<\/strong><\/p>\n
After your audit is completed, it is time to create a plan of action or framework. The framework should outline your approach to cybersecurity and address the prioritized concerns uncovered by your audit. While the goal of the framework is to prevent criminal activity, it must also be user friendly. As you build out your action plan, create a best practice guide and implement controls to ensure everyone is adhering to those practices. The framework should be viewed as a fluid document. Revisit it regularly to keep up to date as new threats arise.<\/p>\n
I Implemented My Plan, Now What?<\/strong><\/p>\n
Keep investing, learning and improving security. One of the easiest ways to improve security is to install updates. \u201cA system with out-of-date software is like a house with doors cracked open or windows thrown wide. By leaving software updates uninstalled, you\u2019re leaving openings for cybercriminals to exploit.\u201d (4) It is impossible to eliminate all risks so, focus on the most significant risks and address them accordingly. If you are hacked, have a strategy in place to allow a quick rebound to avoid significant disruption.<\/p>\n
I Took All the Steps and Still Got Hacked. What Now?<\/strong><\/p>\n
Even if you do everything right, there is still a chance your efforts may be futile. You should have a backup plan. This is where cyber insurance comes into play.<\/p>\n
Cyber insurance is not a one size fits all type of coverage. USI recommends working with a trusted advisor, to create a custom-tailored policy that meets your needs. When considering what coverages are important to include in your cyber policy consider the following:<\/p>\n
[\/et_pb_text][et_pb_image src=”https:\/\/familyenterpriseusa.com\/wp-content\/uploads\/2023\/09\/USI-Cybersecurity2.png” alt=”Cybersecurity is No Longer Optional, It\u2019s a Necessity” title_text=”USI Cybersecurity” align=”center” _builder_version=”4.22.1″ _module_preset=”default” custom_margin=”||3px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”Content” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
(3)<\/p>\n
Remember, cyber insurance should be a last resort. Chubb also reported that cyber policyholders are less likely to take precautions to protect themselves compared to those without cyber coverage. Creating a holistic risk management plan around your cyber needs is the best, most prudent course of action.<\/p>\n
How USI Can Help<\/strong><\/p>\n
USI aims to provide you with the information, tools to make informed decisions about risk management strategies to safeguard your family and family businesses. To learn more about cyber best practices, see USI\u2019s Cyber Checklist<\/a> or to receive a multipronged, comprehensive, personalized risk management plan, please contact us at personalriskservice@usi.com<\/p>\n
(1) Americans lost $10.3 billion to internet scams in 2022, FBI says. The revelation was part of an annual report produced by the FBI. By Luke Barr, arch 13, 2023
(2) https:\/\/dataprot.net\/statistics\/cybercrime-statistics\/<\/a>.
(3) Chubb Personal Risk Services Fifth Annual Study on Personal Cyber Risk
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<\/p>\nAbout USI Insurance Services
<\/strong>From many great individuals USI has become one unique industry leader. USI began in 1994 with a single office of $6.5 million of revenue and 40 associates. Today, USI is approaching $2 billion in revenue with more than 9,000 associates in approximately 200 offices across the country.<\/p>\n[\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n
The need for fact-based reporting of issues important to multi generational businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, multi generational businesses<\/a> and family businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to generationally-owned family businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n
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\nFamily Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n
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By Bonnie Ohlinger JD, CPRIA, USI-National Content Manager No one is immune from cybercrime. Large corporations, government facilities, family businesses and individuals are all prey for hackers. In 2022, Americans lost $10.3 billion to a wide variety of internet scams. (1) \u00a0 According to the FBI’s Internet Crime Complaint Center (IC3), more than 2,000 […]<\/p>\n","protected":false},"author":2,"featured_media":8994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,92,78],"tags":[],"class_list":["post-8990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-multi-generational-business","category-in-the-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/8990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8990"}],"version-history":[{"count":9,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/8990\/revisions"}],"predecessor-version":[{"id":9014,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/8990\/revisions\/9014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/8994"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- \u2022 If you do not recognize the sender, delete the text or email.