Close Menu
  • Home
  • News
  • Lifestyle
  • Law
  • Business
  • Education

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

Pennsylvania House Passes Cannabis Legalization Bill

May 8, 2025
Facebook X (Twitter) Instagram
Saturday, May 10
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram LinkedIn VKontakte
Smoke Professional
  • Home
  • News

    More Than 1,000 Arrested in Sweep of U.K. Weed Grows

    July 8, 2023

    Scotland Calls On UK To End ‘Failed’ Drug War With Decriminalization And Harm Reduction Approach

    July 8, 2023

    Germany’s draft law for first phase of cannabis reform

    July 8, 2023

    High Times Cannabis Cup Illinois: People’s Choice Edition 2023 Kicks Off

    July 8, 2023

    Pennsylvania Committee Advances Expansion to State Medical Cannabis Program

    July 7, 2023
  • Lifestyle

    How Watching the News Can Trigger Anxiety and Panic Attacks

    October 28, 2024

    Record High Cannabis and Hallucinogen Use Among Adults

    October 27, 2024

    Weekend Sleep Catch-Up May Lower Heart Disease Risk by 20%

    October 27, 2024

    Energy Drinks Linked to Poor Sleep Quality and Insomnia

    October 26, 2024

    First Psychedelic Church for Magic Mushrooms

    October 26, 2024
  • Law

    Pennsylvania House Passes Cannabis Legalization Bill

    May 8, 2025

    Nebraska Lawmakers to Reconsider Bill to Implement Voter-Approved Medical Cannabis Law

    May 7, 2025

    Bill to Legalize Adult-Use Cannabis Filed in Pennsylvania

    May 6, 2025

    New Hampshire Senate Blocks Adult-Use Cannabis Legalization Bill

    May 2, 2025

    Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

    April 30, 2025
  • Business

    California Governor Touts Results of Intoxicating Hemp Ban

    May 9, 2025

    California Governor Touts Results of Intoxicating Hemp Ban

    May 9, 2025

    Cannabis Company CEO Considering New Mexico Gubernatorial Bid

    May 8, 2025

    U.S. Supreme Court Declines to Hear Challenge to Medical Cannabis Advertising Ban

    May 8, 2025

    Minnesota Cannabis Licensing Lotteries Scheduled for June 5

    May 7, 2025
  • Education

    CBD and the Aging Population—What Science Says Today

    March 12, 2025

    Wholesale Nootropic Skincare: Boost Your Product Line

    March 10, 2025

    Ideal for Your Business Needs

    March 8, 2025

    A Must-have For Every Smoke Shop

    March 3, 2025

    The Perfect Addition to Your Product Line

    March 1, 2025
Smoke Professional
You are at:Home»Business»6 Cyber Risk Strategies to Protect against Potential Exposures
Business

6 Cyber Risk Strategies to Protect against Potential Exposures

adminBy adminJanuary 5, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
6 Cyber Risk Strategies to Protect against Potential Exposures
Share
Facebook Twitter LinkedIn Pinterest Email

Many cannabis companies are “green” when it comes to cybersecurity. Like most startups in a fast-growing market, it’s easy for businesses to fall short when instituting even basic cybersecurity protections, leaving them increasingly vulnerable to cyberattacks.

What makes cannabis companies especially attractive to hackers is the vast amount of personally identifiable and protected health information they’re required to collect and the huge amounts of cash pouring into the industry. The best way to protect against these risks is by implementing cyber-defense strategies and securing the right levels of insurance coverage in the event of a data breach.

When an Ontario, Canada, cannabis distributor was attacked in August, what should have been a simple cyber issue quickly snowballed into a major disruption of the local supply chain. Product deliveries were delayed, and the business temporarily was unable to process orders. It’s critical to take a comprehensive look at cyber-risk management to protect against potential exposures.

6 defensive tactics to help ward off cyberattacks

Examine potential vulnerabilities

Organizations should study potential cybersecurity risks, considering all possible paths for an attack in order to avoid having important data and information held hostage for ransom. This includes phishing and social engineering scams, where a hacker sends a wire transfer or general business request to an employee who may open it and expose the company to a potential data breach. Organizations also should be aware of threats that may come from a third-party vendor or subcontractor. Savvy cybercriminals could use this backdoor approach into an organization’s information technology (IT) systems.

Train employees to recognize suspicious behavior

Most ransomware attempts start with a staff member inadvertently clicking on a phishing link. According to Cisco, 86 percent of organizations say they’ve had at least one worker click on a phishing link. As a result, it’s crucial to implement employee awareness training and in-house educational campaigns about the importance of cybersecurity. To ensure employees retain the information imparted, organizations can send simulated phishing emails and track performance to determine whether their training hit the mark. If it didn’t, regroup or redouble efforts.

Establish policies and procedures for cyber protection

A proactive approach is the best means of safeguarding vital company assets, so establishing an official framework or set of guidelines for cybersecurity is key. This includes developing corporate policy about passwords that drives password management from the top down, such as requirements for password content and change frequency. It’s also important to have a chief security officer, chief information officer, or other IT expert on staff or on contract. A downloadable framework is available from the National Institute of Standards and Technology for reference.

Implement authentication

Multi-factor authentication (MFA) should be used for email and other large applications, particularly for remote access to the network and all user accounts. Endpoint detection and response (EDR) allows for active monitoring of devices connecting to the network, providing an opportunity to react immediately to active threats. That being said, proper tools and a response team must be in place to fully realize the benefits of EDR.

Have a backup plan

Companies are less susceptible to any type of cyberattack if they have a good backup plan that allows them to recover stolen data quickly and ease disruptions. Perform frequent backups—every day if possible—and store the backups off-site and off-network. Determine how and by whom backups will be accessed, and seriously consider using MFA in conjunction with backups.

Build an incident response plan

The cornerstone of cyber-risk management is a company’s ability to respond to an attack, validate what happened, engage the proper resources to fight back, and remediate any damage.

Many companies aren’t fully prepared to handle cyberattacks, no matter the industry. This is why all organizations should require the development of a cybersecurity defense mechanism. Leverage the expertise of cyber policy underwriters, who can provide due diligence beyond the typical policy application to help an organization protect its data and avoid a cyberattack.

Remember, if a cyber breach occurs, transparent communication is essential—not only with law enforcement but also with customers and your insurance carrier. Use an attorney or cyber-breach coach—check with your insurance company to see if that’s included—to help answer any concerns associated with a cyberattack.


Jay-Virdi-hi-res-2021

Jay Virdi, chief sales officer at HUB International, connects clients with a team of experts to achieve their business goals while protecting them from expected and unexpected risks in a highly scrutinized industry. He is a Chartered Insurance Professional under the Insurance Institute of Canada and holds an Honors Bachelor of Arts degree in Economics and Business Management from the University of Toronto.



Source link

Cyber Exposures Potential Protect Risk Strategies
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTony Shhnow Makes Getting Money Music
Next Article Weed’s Tissue Culture Moment Has Arrived
admin
  • Website

Related Posts

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

Cannabis Company CEO Considering New Mexico Gubernatorial Bid

May 8, 2025

Comments are closed.

Our Picks

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

Pennsylvania House Passes Cannabis Legalization Bill

May 8, 2025

Cannabis Company CEO Considering New Mexico Gubernatorial Bid

May 8, 2025
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Business

California Governor Touts Results of Intoxicating Hemp Ban

By adminMay 9, 20250

The Office of California Gov. Gavin Newsom (D) announced on Thursday that the state’s ban…

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

Pennsylvania House Passes Cannabis Legalization Bill

May 8, 2025

Cannabis Company CEO Considering New Mexico Gubernatorial Bid

May 8, 2025

Subscribe to Updates

Get the latest creative news from Smoke Unlimited about Weed & CBD vaping.

From Our Partners
About Us
About Us

Get all the current news stories, latest trends and legislation regarding cannabidiol, products, usages and its benefits. So don’t miss out any buzz and stay tuned! We offer a minute to minute updates regarding Marijuana industry.

Facebook X (Twitter) Instagram Pinterest
Our Picks

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

California Governor Touts Results of Intoxicating Hemp Ban

May 9, 2025

Pennsylvania House Passes Cannabis Legalization Bill

May 8, 2025
Sponsors
Copyright © 2025. SmokeProfessional
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.