We're not just securing businesses anymore. We're securing Society.
An individual’s or business’s financial security is only as good as their cyber security because cyber attacks can result in significant financial loss. Cyber criminals may target individuals and businesses for financial gain through a variety of tactics, such as stealing login credentials or personal information to access bank accounts, or using malware to infect devices and steal sensitive financial information.
The financial impact of a cyber attack can be significant, especially for small businesses. According to a report by the National Cyber Security Alliance, 60% of small businesses go out of business within six months of a cyber attack. The average cost of a cyber attack on a small business is $200,000, which can be a significant financial burden for a small business to bear.
For individuals, the financial impact of a cyber attack can also be significant. Identity theft is a common type of cyber attack that can result in the theft of funds from an individual’s bank account. According to the Federal Trade Commission, in 2020 there were over 1.4 million reported cases of identity theft, with a total reported loss of over $2.7 billion.
Do You Have a False Sense of Cyber Security?
There are many common misconceptions about cyber crime and cyber security that can lead business leaders to believe they are fully protected and have a false sense of cyber security.
Are any of these misconceptions part of your thought process?
In order to protect financial security, it is important for both individuals and businesses to implement strong cyber security measures. This can include things like implementing multi-factor authentication, regularly updating software and security protocols, and being cautious about sharing sensitive information or clicking on links from unknown sources. By taking these precautions, individuals and businesses can help to protect themselves from financial loss due to cyber attacks.
At North Bridge, we understand the importance of financial security and work with our clients to enhance their financial security through effective cyber security measures. When it comes to consulting with our clients on cyber security, we offer a range of services to help them understand the threats they face and the measures they can take to protect themselves. This includes things like conducting risk assessments to identify vulnerabilities and providing recommendations for improving security.
We also work with our clients to develop and implement security policies that align with their unique business needs and goals. This includes things like establishing protocols for handling sensitive financial data, setting up access controls to protect against unauthorized access, and training employees on best practices for cyber security.
In addition to these consulting services, we also offer a range of technical solutions to help our clients enhance their cyber security. This includes things like implementing multi-factor authentication, deploying firewalls and other security technologies, and providing ongoing monitoring and maintenance to ensure that our clients’ systems are always up to date and secure.
All of these efforts help to enhance our clients’ financial security by protecting against cyber threats that could potentially lead to financial loss or damage. By working with North Bridge, our clients can have peace of mind knowing that they are taking the necessary steps to protect their financial assets from cyber threats.