The dizzying pace of recent hacking attempts has prompted national attention. President Obama plans to enact rules allowing the military to respond to national cybersecurity threats. These rules come in the wake of a string of attacks on governments and private firms. Private firms are at high risk, especially when they rely on cloud computing and mobile devices. Their limited ability to address breaches makes this risk worse. Companies should set up procedures to prevent and deal with breaches. They should also consider cybersecurity insurance.
In prior years, many companies ignored the threat of a breach because of low risk in their field. However, hackers are now targeting new types of businesses. Thus, businesses of all types need to address these issues. Even companies with strong cybersecurity policies in place may be overlooking new trends. For example, experts have noted an increase in the number of attacks on consultants, accountants, and law firms. Companies should protect themselves against the risk of indirect attack by requiring that these firms follow certain cybersecurity policies.
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