Tag: secure cloud storage

Secure Cloud Storage | Soteria Cloud Online

Why Secure Cloud Storage is an Essential Business Service

As information shapes every aspect of modern business, data is being called the new gold. At Soteria we wholeheartedly agree with this assessment and would add that gold needs to be protected at all costs. 

Cloud storage has become the industry standard for data protection, giving companies a line of defence against hackers and data loss, with sensitive files backed up and encrypted in the cloud. 

Let’s take a look at some of the ways secure cloud storage is essential for your business.

Enhanced Data Security

The fundamental value of any cybersecurity solution is simple: it helps to keep your valuable business files out of the wrong hands, even in the event of a cyberattack.

A quick glance at any news site will reveal that South Africa is in the midst of a cybercrime storm with an estimated R2.2 billion in annual losses expected going forward. 

Like other countries on the African continent and our peers in the developed world, our businesses are fighting a daily battle against criminals who are constantly innovating in their quest to steal data and hold it for ransom.

Several publicised cybersecurity incidents over the past few months, including the recent Adidas data breach and similar incidents at Absa, Experian, and the SABS have been making headlines this year.

These incidents demonstrate that even large organisations with cybersecurity budgets to match can be caught unawares by attackers. The good news for business owners is that many of the attacks that make headlines could have been prevented if every single box on the company’s cybersecurity readiness plan had been ticked. 

Secure cloud storage allows companies of any size to obtain high-quality protection for their data.

At Soteria, we take that a step further by partnering with Acronis to offer our clients game-changing protection with a range of cutting-edge cyber defence solutions.

Beyond Backup

Modern cloud backup solutions offer more than just a place to store files. They provide automated, continuous backups with advanced encryption and version control, so you’re always protected: even when your team forgets to hit “save.”  

  • Because these systems are designed to be scalable, you can easily adjust your storage as your business grows, without the need for costly infrastructure.
  • Secure cloud backup plays a central role in any disaster recovery plan. Whether you’re dealing with a ransomware attack, accidental deletion, or a major outage, having encrypted, offsite copies of your data ensures quick restoration and minimal downtime. 

These features of secure backup can help keep your business up and running in the wake of a major data breach or cyberattack. This is a major efficiency boost and could prevent excessive reputational damage in the event of a data loss incident. 

Stress-free Compliance 

With South Africa’s Protection of Personal Information Act (POPIA) now fully in effect, businesses are required to take appropriate steps to protect the personal data of customers, employees, and stakeholders. 

Cloud backup services support POPIA compliance by offering secure, traceable storage and fast recovery capabilities. This is something that’s not only practical but essential in the case of an incident.

Safeguard Your Data with Soteria

Data loss doesn’t announce itself until it’s too late. Whether it’s a targeted cyberattack or a power failure, the financial consequences of compromised files can be huge. 

To prevent a similar outcome in your business, we’d love to guide you to the perfect secure backup solution to suit your needs precisely. 

Our natively integrated cyber protection package is the ideal peace of mind and cyber readiness booster for businesses of all sizes. 

Quishing – Bypassing Phishing Security Measures

The Growing Threat of QR Code Phishing

QR codes have become an everyday feature of transactions, providing one click access to websites, product pages, and social media accounts. But with this convenience, a new cybersecurity threat has emerged: quishing, or QR code phishing. 

This criminal technique involves hackers embedding malicious URLs in QR codes to trick users into compromising their personal or company data.

Here’s a look at the ins and outs of quishing and how to use QRs safely. 

Cracking the code: how hackers create fraudulent QRs

QR codes are all over the marketplace, from restaurant menus to payment systems, and even multi-factor authentication. However, their widespread use has also made them an appealing tool for attackers. 

Unlike traditional phishing emails, quishing bypasses many email filters and firewalls because the malicious link is hidden within an image rather than plaintext. This makes it harder for legacy software to detect and block.

  • A typical quishing attack usually involves a scammer placing a fake QR code sticker over a legitimate one. You may even find one on a  parking meter, ATM, or restaurant table.
  • When scanned, the QR code directs the victim to a fake website that looks legitimate, prompting them to log in, make a payment, or enter sensitive information. 
  • In the worst case scenario, the QR code might trigger the download of malware that compromises a user’s entire device.

Quishing is especially dangerous because of  the high level of trust that users have when scanning a QR code. Many of us don’t double check QR codes the way we do suspicious links or attachments, opening the door to opportunistic attacks. 

This complacency, combined with a lack of visual cues about where the QR code leads, increases the risk of falling for these scams which are becoming more prevalent across SA. 

How to use QRs safely and avoid quishing 

As cybersecurity experts, we recommend several best practices to reduce the chances of a quishing incident: 

  • Know Your QR. Always verify the source of a QR code before scanning it.
  • Educate Employees. Raise awareness about the risks associated with scanning unknown QR codes, especially those received via email.
  • Use Advanced Email Filtering: Email security solutions that can detect and block emails containing malicious QR codes are essential today. 
  • Make Secure QR Code Scanners Mandatory: Direct the use of QR code scanners in your office that can preview URLs before opening them, helping to identify potentially malicious links.

Stay ahead of quishing attacks with secure cloud storage 

As technology evolves, so do the methods used by cybercriminals. To stay a step ahead of them, businesses should ensure that their data is fully backed up and encrypted, and that’s where our cloud storage packages come in. 

Click the button below to explore our range of data protection solutions for businesses of any size. 

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Data Ownership – Cloud Backup


Who Really Owns Your Personal Data?

Cyberattacks and data leaks make headlines almost weekly, leaving internet users in South Africa and around the world concerned that their personal information may be at risk. 

Investing in high-end digital security, including secure cloud storage, is a great way to keep your information safe.

But have you ever considered the possibility that what you think is your data might not legally belong to you at all?

South Africa’s Protection of Personal Information Act (POPIA) offers wide-ranging protections for privacy and sensitive data. However, one thing it does not do clearly is define ownership of personal data.

Legal expert Professor Donrich Thaldar from the University of KwaZulu-Natal recently published an extensive research paper on this issue, with a simplified version appearing in media reports. 

According to Thaldar, POPIA regulations (which are situated at the intersection of privacy and property law) present a complex web of rights and obligations. 

This legal obstacle course must be navigated by both the originators of sensitive information and those who think they own it, in order to establish any rightful claim to the data in the first place.

The Legal Ambiguity Around Data Ownership

The word ownership is usually associated with some kind of property, be it a business, a home, a vehicle, or financial assets like cash and investments. 

For tangible assets like these, property law lays out the rules for possession, trading, and consequences for unlawful acquisition through theft or fraud. But when it comes to data, the legal waters become murkier. What kind of asset is it, exactly, who does it belong to, and who can claim it?

Thaldar’s research explores the dual nature of data, as both a type of information and a form of property that can be owned, sold, or stolen. 

The study points out that POPIA doesn’t provide an explicit definition of data ownership, a fact that further complicates matters.

  • While POPIA is extremely detailed when it comes to data protection, distribution, and the penalties for mishandling personal information, it remains vague on the issue of who actually owns that data. 
  • According to Thaldar, data in its raw form-as information – likely cannot be owned by any one person, just as no one can claim ownership of the entire ocean. 
  • However, a specific instance of data like a file created by an individual or organisation can be viewed as a unique item of possession. This is similar to someone owning a single bottle of water, rather than the ocean itself.

The Impact on Your Data Security and Bottom Line

The ambiguity around data ownership has real implications for organisations that generate data containing client information. 

Does the data belong to the company, since it created the file? Or does the client have a claim to it, because the file contains their personal information?

While POPIA clearly states that individuals have a right to data privacy and that companies are obligated to take reasonable steps to secure this data, ownership of the actual file or dataset may still reside with the company that created it.

As with many newer laws, a clear legal definition of data ownership under POPIA may only emerge once the matter is brought before a higher court. 
In the meantime, both companies and individuals need to remain vigilant and take steps to ensure that sensitive data doesn’t end up in the wrong hands.

Find The Perfect Solution For Your Business Data  

With cybersecurity incidents on the rise and hefty fines or even jail time associated with violations of POPIA, every South African business should make the protection of its sensitive files a top priority.

Our range of secure cloud storage solutions, including Total Data Protection, can help your business stay safe and compliant.  Click the button below to learn more.

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Cloud Misconfiguration Pitfalls | Data Breaches

Faulty Cloud Misconfiguration and Other Technical Errors

As the number of cyberattacks affecting South African businesses continues to soar, many IT specialists are coming to the realisation that it’s not only cybercriminals, but also faulty configurations and other technical errors that are to blame for data loss incidents.

It’s not uncommon for these technical errors to come to the fore in the aftermath of a cyberattack when the steps leading up to the incident are analysed. Unfortunately, by then it’s often too late.

Instead, we advocate a proactive approach, whereby companies study the most common configurations that have resulted in data loss at other businesses, and close as many loopholes as possible to avoid a similar fate.

In this article, we highlight some of the most common configuration mistakes that companies make, and how to correct them and pair these efforts with secure cloud storage before an incident occurs.

Unrestricted Ports and Services

Open ports are an open-door invitation for criminals to help themselves to your valuable data. Fortunately, resolving this issue is usually quite simple and provides a huge security boost without a large time or financial investment.

  • Leaving unnecessary ports open can provide attackers with entry points into cloud environments. 
  • Misconfigurations that result in unrestricted access to services can be exploited, leading to unauthorised data access or system compromise.

Excessive Permissions

Setting appropriate permission levels for team members can help prevent your data from falling into the wrong hands—even within the organisation. 

  • Multi-factor authentication ensures that only authorised users are able to access your network. 
  • Taking it a step further by assigning data and knowledge permissions only to those whose title and rank justify it is equally important.

Lack of Encryption

Failing to encrypt data at rest and in transit can expose it to interception and unauthorised access. Implementing robust encryption protocols is essential to protect data integrity and confidentiality.

  • Despite the rise in cyberattacks, a surprisingly large number of companies still do not have proper encryption protocols in place. 
  • This is especially dangerous for data that resides on file systems and user devices but has not yet been backed up in the cloud.

Migrating to a cloud-based storage solution that places virtually all newly created files in the cloud—using the latest data encryption technology—can help close security gaps and ensure that the most recent versions of important files are safe and accessible in the event of a cyberattack.

Consequences of Cloud Misconfigurations

The fallout from cloud misconfigurations can be severe, leading to financial, reputational, and legal damage to your business. Several high-profile cyberattacks have cost businesses millions in recent years.

On the global stage, American telecommunications giant AT&T agreed to pay $13 million to settle an investigation by the Federal Communications Commission (FCC) concerning a data breach that occurred due to a cloud vendor’s misconfiguration.

Closer to home, a report released in late 2024 indicates that companies in South Africa lost in excess of R350 million in the biggest data breaches of recent years. With the likes of

With Experian, Pam Golding estate agency, and several government agencies all having fallen prey to cybercriminals – and the Information Regulator warning that basic cyber safety measures, including security configurations, have not been taken in many cases—the potential risk of misconfigurations can’t be overstated.

The Importance of Regular Security Audits

Conducting regular security audits is vital to identify and rectify misconfigurations before they can be exploited. These audits should include:

  • Configuration Reviews: Frequently assessing cloud configurations to ensure compliance with security best practices, and making this part of company policy, can help detect weaknesses before they escalate.
  • Access Controls Evaluation: It’s essential to verify that access permissions are appropriately assigned, in line with “least privilege” allocations.
  • Vulnerability Scanning: Automated tools that detect vulnerabilities and misconfigurations within the cloud environment can save time and significantly reduce risk.
  • Incident Response Planning: A cybercrime response plan will help ensure that swift action can be taken in the event of a data compromise incident.
  • Secure Cloud Storage: Fully encrypted storage offers the ability to restore compromised data, even in a worst-case scenario.

Add an Essential Layer of Protection to Your Data with Secure Cloud Storage

Tightening your security configuration practices to make your data harder to access is a vital online safety measure — but it must be complemented by secure cloud storage to be truly effective.

Our range of data defence products for businesses of all sizes will help secure your data at a time when hackers are ramping up their criminal actions. Secure your data with us today.

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Weak Passwords – Cybersecurity

Too Easy, Too Weak: Password Patterns Still Concerning

Weak password security is one of the main contributing factors to the current wave of cybercrimes sweeping the world. Despite repeated warnings from industry experts to choose more complex passwords, many users still fail to follow this advice.

Recent research shows that internet users continue to opt for passwords that are easy to guess or crack, leaving the door wide open to cyberattacks. Let’s take a closer look at this phenomenon and find out what organisations can do to strengthen their security.

Why are we still using simple passwords?

For many years, cybersecurity experts have been sounding the alarm about simplistic passwords that are far too easy to guess. Passwords like “12345”, variations on the word “password”, or even the user’s own name are still frequently chosen, despite the widely publicised dangers of doing so.

In fact, 2023 saw South Africans choose the password “admin” most frequently of all.

While some experts blame users for being lax or unoriginal, there is a possible psychological explanation for the simple passwords we choose: we believe that if we came up with them, they must be unique and impossible to guess.

This human tendency to overestimate our own ability at certain tasks is known as the Dunning-Kruger effect, a well-documented psychological phenomenon.

This effect applies to everything from our perceived ability to drive at high speeds, our competence at work, and even our attractiveness or social skills. Password creation is yet another area where we often think we are better than we really are.

Best practices for password creation

Unfortunately, cybercriminals are much better at guessing or decoding our passwords than we are at creating them.

To avoid this and secure crucial business data, team members in every organisation should be trained to apply best practices for password creation, which include:

  • Using a password length of at least eight characters: Longer passwords are harder to guess and cannot be easily cracked by automated password-cracking software.
  • Including numerals and special characters: This adds complexity to passwords, making them far less likely to be compromised.
  • Avoiding personal information: Don’t choose words related to your daily life, such as hobbies, interests, or your workplace. Cybercriminals carrying out social engineering attacks may have already researched these aspects of your life and could use them to crack your password.

Password security and secure cloud storage – key aspects of every cyber defence strategy

A strong password adds an extra layer of security to your data, especially as cyberattacks and ransomware incidents become more frequent, costing businesses millions of rand each week.

In addition to strong passwords, secure cloud storage featuring encryption technology has become a non-negotiable element of every effective cybersecurity strategy.

To learn more about these technologies and how they can benefit your company’s online security, visit our product page today.

Free VPN – Cyber Risk

Beware the Cyber Risks of Using a Free VPN

VPN (virtual private network) services are extremely common in this age of privacy concerns, offering a quick and easy way for internet users to avoid tracking and geographic profiling when they access online services.

Unfortunately, free VPNs come with a host of potential security risks and could even make your internet browsing less secure than it was before you started using them.

Here are some of the threats that come with free VPNs and how you can avoid them.

Nothing for Nothing: You May Be Paying for Your Free VPN with Your Private Information

Whoever said that the best things in life are free clearly wasn’t an expert on cybersecurity. In the realm of VPN providers, there’s a direct correlation between the cost of service and the safety of use.

While free VPNs may seem like a good idea, web users should always ask themselves: if it’s free, how does the company make money?

  • In most cases, free VPN providers generate their income from selling access to your time, attention, and sometimes even your data
  • Free VPN services tend to bombard your browser with ads, giving advertisers full access to you as a captive audience while you use the service
  • Some of these ads may be suspicious in nature, with malware waiting to infect your device once you click on them.

Worryingly, some free VPNs may even sell your private data or internet browsing information to third parties or allow hackers to hijack your device. Recently. researchers found 28 free VPN apps on Google Play that had links to cybercrime networks.

Given that these providers are almost always located outside of the country, any form of legal recourse you may seek against them could be highly difficult, if not impossible, if your private information is compromised.

Why It’s Worth Investing in a Paid VPN

Like most things in the market, premium VPNs, which require a purchase or subscription fee, are more likely to offer safe and effective services.

  • By opting for a paid VPN, you can rest easy knowing that you won’t be bombarded with unwanted ads and that the company has no incentive to sell your data to third parties
  • In fact, they have every reason to keep your data safe by investing in advanced cybersecurity for users of their service

Paid VPNs bring several benefits, primarily privacy when browsing online, and can be an integral part of a comprehensive cybersecurity strategy for individuals and companies alike.

Boost Your Data Security

To further boost data security, we recommend browsing our range of secure cloud storage packages for households and businesses of all sizes. As we said earlier, nothing good comes for free but our lineup of automated backup solutions offers an affordable monthly storage option that’s ideal for any organisation.

Cloud Storage Costs – Online Backup

Breaking Down Cloud Storage Costs for SMBs and Entrepreneurs 

As a small business owner, security will be high on your list of priorities. Ensure that you have access to the best encrypted cloud storage to keep your data safe without incurring unnecessary expenses. It’s essential to understand the structure of cloud storage pricing and plan your expenditures accordingly.

Let’s take a look at the various pricing options available in the cloud storage industry, as well as the benefits and security enhancements that come with each one.

Cloud Storage: A Crucial Expense

Generally speaking, every business’s expenses can be classified into essential and nice-to-have categories. With the risk of cyber attacks increasing each year, secure cloud storage is definitely in the essential category.

How Much Does a Standard Cloud Storage Setup Cost?

Secure cloud storage allows your important files and documents to be kept safe in the cloud using advanced encryption methods that make it extremely difficult, if not impossible, for cyber criminals to access your data even if it becomes compromised.

In exchange for the peace of mind and security it offers, secure cloud storage is relatively inexpensive.

Let’s take a look at some of Soteria’s cloud storage packages for businesses (September 2024) as an example.

  • A small business may simply want a 20Gb storage package at the reasonable price of R99 – the equivalent of a few coffees to go.
  • Doubling this storage quota to 40Gb will cost just R160 – a significant saving per Gb. 
  • A business with data-intensive processes and large storage requirements would still only need 100 – 500gb of monthly storage, ranging from R249 to R999 in pricing. 

How to keep your cloud storage cost effective

Since cloud storage packages are usually quoted per Gb or Tb, the ideal approach is to back up your essential files and avoid filling up your storage quota with redundant files. This will also reduce the amount of internet bandwidth you use to upload and backup your files.

  • Clear out your storage regularly. Carrying out a digital spring cleaning is one of the best ways to eliminate files that are occupying space in your storage. 
  • Compress then upload. Smaller file sizes mean smaller data quotas in your online storage. 
  • Track your usage. Keeping an eye on your storage quota will help you avoid unnecessary charges. 

To help your business gain the benefits of enhanced data security, we invite you to visit our product page today and discover a package that suits your organization’s needs. 

Banking Apps – Online Security

How Secure is your Banking App?

Banking apps have become the preferred method of transacting for individuals and businesses in SA, offering the advantages of banking at a physical branch without the hassle. But as with all technology, convenience needs to be balanced against cybersecurity risk. 

Unauthorised access to your banking app could give cybercriminals the keys to your full account balance, potentially causing a crippling, cash flow crisis. 

While banks have invested in and implemented advanced cybersecurity strategies they aren’t always enough, and it is the responsibility of the customer to raise awareness among their staff. Some victims of banking fraud have waited months before their funds are returned – while others have had to write off the entire amount.

To help your business transact safely online, we’ve put together a checklist of dos and don’ts for banking app users. Let’s start with the essentials. 

The necessity of secure logins

As every internet banking user knows, the first step to using a banking app is your login, but there’s more to a secure login that simply entering a password. One simple security practice to instil in staff is to ensure that they never use public wiFi connections to do online banking.

You’ll also need to ensure that your bank app allows you to login in a secure manner so that no unauthorised person can use your banking profile even if your phone or device is stolen. 

Internet banking apps that use Face ID add an extra layer of security while multiple factor authentication using an OTP code (in the case of FNB) or other pin sent to your mobile number or email address provide a way of authorising transactions securely. 

Avoid phishing and social engineering scams

Employees can easily be taken in by the sophistication of modern-day phishing scams. 

Lately, criminals are targeting financial decision makers such as bookkeepers or controllers with genuine seeming emails and other text messages purporting to be from management. 

This may not be a direct result of banking app security, but the fact that banking apps are often used to carry out these transactions makes it essential to avoid suspicious payment requests – even from colleagues and senior managers. 

A concerning recent trend is the escalation of impersonation fraud which takes phishing to the next level. 

  • This type of scam involves comprehensive research on the part of cybercriminals to map out an organisation’s management structure and find ways to impersonate members of senior management. 
  • Once they’ve achieved this, they will typically contact employees via non-verbal means like email or private message and issue financial instructions which ultimately result in company money being deposited into the fraudster’s bank account.
  • Savvy social engineering combined with AI has made it possible for hackers to imitate the tone of writing typical of specific senior managers. 
  • This could be achieved by studying articles that are published on LinkedIn or other financial media and using AI to produce devious messages using the manager or owner’s characteristic choice of words.

In summary, it’s essential for all organisations to follow the “trust but verify” model when dealing with financial transactions. 

If a financial instruction hasn’t been verified over the phone or in person, it simply can’t be taken at face value just because an email or message was supposedly received from a member of management.

Add secure cloud storage to your cybersecurity strategy 

Taking the steps above is an excellent approach towards securing your company’s financial and business information. Our range of secure cloud storage packages with data encryption add an extra level of protection to your valuable business data. Visit our product page today to learn more.

Soteria Online Backup – Cloud Backup Solutions

Cloud Backup Solutions – Why do I need Soteria Backup?

Running a business today means dealing with a huge amount of data, even if you’re not in the tech industry. 

From customer information, including confidential banking details, to proprietary product designs and confidential documents, the information that used to be locked away in a filing cabinet is now stored in electronic form – and it’s easier to steal.

The recent wave of cyberattacks sweeping the country mirrors similar trends overseas, and as of now there would appear to be no end in sight. Secure cloud storage is a proven method to minimise the impact of a ransomware attack, data leak, or hacking attempt, since you have a recent copy of all your important business documents saved securely in the cloud.

Let’s take a look at some of the features of cloud storage that make it so essential for businesses of all sizes.

Automated backup solutions

One of the great features of secure cloud storage is that it can be set up to automatically save files to the cloud without you or your staff having to put them there one by one.

  • If you’re still relying on manual backups, chances are good that you’ve already tried to find a file in the cloud – only to realise that the latest version wasn’t there. 
  • In the event of a cyberattack, not having the latest version of a file could mean that cybercriminals do have it and you may be forced to pay a ransom in order to obtain it from them.

Automated backup ensures that the latest version of every file is saved to the cloud in encrypted form. You can schedule these backups to take place on an hourly, daily, or weekly basis, depending on how frequently you update your files.

Scalable encrypted storage solutions that grow with your business

The most important feature of a secure backup system is that your files are safe in the cloud, unreachable by hackers. Furthermore, you should have enough storage to meet your company’s needs without overpaying for capacity that you don’t use.

Secure cloud storage solutions like those we offer cover all these bases, with immutable storage offering a guarantee that cybercriminals will not be able to access or change the data as it’s kept safe on our servers. 

Soteria cloud storage packages are suitable for businesses of all sizes with varying amounts of secure data since they can be scaled up in capacity depending on how many gigabytes you require. 

This allows you to increase your storage capacity as the needs of your business grow: an ideal feature for companies of all sizes.  Best of all, it means that we can grow with you as a trusted provider over the years.

In short – Soteria backup offers:

  • Security and peace of mind
  • Automatic offsite backups
  • Data encryption
  • Scalability
  • Flexibility
  • Compatibility
  • Cost-effective cloud backup
  • Encrypted backup
  • Local servers and support

To find out more about our range of secure cloud packages and how Soteria’s online backup can benefit business of all sizes, visit our product page today. 

Cyber Defence and Cyber Insurance – Cybersecurity

A Holistic Approach to Cyber Defence and Cyber Insurance

Cybercrime in South Africa continues to soar and companies of all sizes are realising the essential need to have comprehensive cyber insurance. While cover of this type is an essential precaution it needs to be implemented as part of a holistic cybersecurity strategy in order to be cost-effective and ultimately useful to the business.

In this article, we take a look at the symbiotic relationship between cybersecurity cover and the various cybercrime prevention methods that businesses can implement to lower their risk profile when dealing with insurers. 

Read on to find out how you can protect your business from online criminals and potentially end up with a lower monthly insurance premium.

Cybercrime insurance: what the latest data tells us

Cyber attacks in South Africa are rising by the year and companies are increasingly opting for cybercrime insurance. However, given the dramatic increase in these attacks, some insurers have left the market while others are raising premiums significantly and increasing their qualifying criteria for policy holders.

Businesses seeking comprehensive cybersecurity insurance should bear in mind that covering their losses in the event of a cyberattack is not the only necessary measure that should be taken. 

The reason for this is simple: a business that is vulnerable to cyber attacks due to poor security is more likely to be targeted by cybercriminals, and therefore will end up claiming on its cyber security insurance more frequently – or at least that’s what the insurer may assume.

This high risk profile may drive premiums up to the level of unaffordability. 

At the same time, insurance companies are starting to demand that comprehensive cybersecurity planning and response protocols are in place before even ensuring a customer.

  • 53% of businesses surveyed by Sophos indicated that they are seeking cybercrime insurance this fiscal year.
  • Of these respondents, 98% have implemented some form of cybersecurity upgrade to improve their chances of approval and favourable premiums.
  • An overwhelming majority of respondents said that their enhanced security measures had resulted in successful insurance outcomes, underpinning the effectiveness of this approach.

The main take away from the current developments in the cybersecurity sector is that it’s no longer a case of either insuring your business against the eventuality of a cyberattack or preventing one with advanced security measures, but rather that it’s necessary to do both.

Why a holistic approach is needed to combat cybercrime

Before obtaining cybercrime insurance cover for your business, an excellent strategy is to have all the necessary cybersecurity protections like firewalls, antivirus software, and multi factor authentication in place. 

Among these, obtaining secure cloud storage is one of the most crucial steps that any business can take to increase its chances of recovery in the wake of a cyberattack.

Our range of secure cloud storage solutions for businesses of all sizes are built on a powerful backbone of immutable storage, which is almost impossible to corrupt. Browse our range of packages today to enjoy the peace of mind that comes with having your data fully secured.