According to Computerworld.es and figures from organizations and institutions that specialize in this topic, digital attacks are on the rise, which is why it is important to develop best practices to protect and preserve the privacy of data. 

“70% of companies are protected against natural disasters, but only 20% have cybersecurity solutions. The average cost of a malware attack is $2.6 million, a significant sum, especially for small and medium-sized businesses,” explains Cristhian Prado, Manager of Financial Lines at Aon.

In fact, the impact of cyberattacks amounts to $20 billion (billion dollars) in 2021, with major malware including ransomware, which locks up files or devices to demand a ransom for release, and phishing, which uses fraudulent links and messages to steal sensitive data.

Cybersecurity recommendations

1. Be proactive and quantify risks: have an incident action plan, conduct drills, improve resilience and measure the level of impact.

2. Train employees: a culture of cybersecurity participation, response and accountability needs to be created within work teams

3. Multi-factor authentication: two-step access process that uses a code with a biometric factor, providing a higher level of protection

4. Up-to-date systems: a vulnerable system can be identified by a scan of your network, so it’s important to have the latest security patches in place

5. Risk transfer: Due to the reputational threat, the risk can never be fully mitigated, so cyber insurance should be considered.

The impact of ransomware also includes supply and business chain disruption, costs associated with data breaches, whether from the extortion itself or the exposure of confidential data to the public. This leads to reputational damage or financial losses due to information leaks, fines, or sanctions imposed.

It is important to understand the risk of possible losses, the associated costs, and the threats posed by cyber attacks. One of the security recommendations as the most effective response measure and with greater reach is expert advice on cybersecurity incident response, as well as legal advice, negotiation and ransom payment.


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