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KEY POINTS
- Regardless of size businesses must take cybercrime seriously.
- Businesses must ensure the security of sensitive information in line with new data protection rules.
- Examples of scams targeting businesses.
- Beware of scams impersonating company officers or government departments.
- Businesses should learn about scams and formulate a plan to protect themselves if targeted.
Cybercrime is on the rise worldwide and many businesses are targeted with ransomware demands and attempts to steal valuable data. More than $5trn is lost worldwide to cybercrime each year and major data breaches have regularly created the wrong sort of headlines for some big corporations. Irrespective of size it is clear that businesses must take cybercrime seriously and learn how to try to stay one step ahead of the fraudsters and scammers.
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