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How Can Cyberattacks Impact Professional Services

Cyberattacks Impact Professional Services
Cyberattacks Impact Professional Services

For a sector that makes up almost 14% of the US economy, professional services are subjected to a disproportionate rate of cyberattacks. Global cyberattacks increased by 28% in the third quarter of 2022 compared to the same period in 2021. Almost 25% of small businesses are targeted yearly. Yet, despite all this, security remains an afterthought.
Professional services are critical players in the economy of any country. Moreover, millions of people rely on various services for their daily or need-based tasks:
  • Legal services
  • Logistics
  • Accounting and bookkeeping
  • Project management
  • Digital Marketing
  • Content marketing
  • Event management
Many businesses have customers and personnel dependent on Information Technology (IT) services. In case of any problem, while accessing resources, it tends to customer disappointment, inability to fulfil duties and goals and further complications. This would also mean painstaking efforts to troubleshoot and a waste of time. Professional businesses find themselves at risk because of the following reasons:

  • Being unaware of essential security controls that do not interfere with business
  • Bypassing security controls for ease of doing business
  • Not focusing on holistic data privacy and security plan
Focusing only on mobility and ease of access leaves numerous professional services vulnerable to predominant cyberattacks like phishing, social engineering, malware, ransomware, etc.

Cybalt is one of the top cybersecurity consulting companies in the USA, housing cybersecurity experts adept at industrial knowledge and business dynamics. Here are some helpful tips as advised by them. As the sophistication of attacks continues to grow, it is vital to develop foolproof incident response and resiliency plans. Improve identity access and management strategies and mechanisms. Assess, test and update cybersecurity software and policies periodically to devise recovery strategies and implement policies and process controls based on requirements and tolerances that improve operational resilience. To enhance risk mitigation and stoppage, businesses must conduct awareness and implement training to learn best practices, preventive methods, and cybersecurity protocols. They must also bolster perimeter security by leveraging novel technologies like email traffic monitoring and analytics, advanced intrusion detection and prevention and network security solutions. Collaborate with one of the top cybersecurity consulting companies in the USA to improve your cyber resilience.
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