Modern WorkTruck Solutions November 2024 - 28

SAFETY
A
ccording to Statista data, the annual cost of cybercrime
has risen 972 percent, increasing from $860 million in
2018 to $9.22 trillion in 2023. Businesses are increasingly
reliant on virtual systems, and with that connectivity comes
cyber-risk.
Trucking companies are not immune to this risk. In fact,
since Acuity began offering cyber coverage, two of three
most costly cyber claims have occurred in the trucking
sector. This includes our most expensive cyber claim, a
ransomware event that cost over $350,000. Without cyber
insurance coverage, the company would have had to find a
way to absorb that substantial financial cost. With trucking
companies operating on thin margins, such a significant loss
could put some operations out of business.
REDUCING YOUR RISK
According to Ryan Wessels, cyber security director at Acuity,
the following insights help to manage your cyber security risk.
Keep your systems updated
Criminals are looking for opportunities to enter your systems.
Once they find them, they exploit those vulnerabilities to
extract data and disrupt operations. To combat this, software
providers also search their own systems for vulnerabilities and
send updates to their products to keep criminals out.
If you aren't making updates, the changes they're making
aren't applied to your systems, leaving your information
vulnerable. Make sure your employees are applying updates.
Taking the extra few minutes to run updates, even if it
means delaying work a bit, is an important way to help keep
cybercriminals out.
Use secure passwords
According to a 2019 Google/Harris Poll, only 34 percent of
U.S. adults regularly changed their passwords and 13 percent
use the same password for every account.
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While it may not be popular with employees, it's best to
force a password change regularly. If your employees use
the same password in your system as on other websites, and
that password is compromised, bad actors can access your
systems as well. Forcing a password change can help reduce
the likelihood of your systems being accessed if credentials
are compromised.
Set up multifactor authentication (MFA)
Multifactor authentication adds an extra layer of security. One
common form of MFA is entering a code from your phone.
This additional authentication can help protect your business
from unauthorized access by requiring a second step before
logging into your system.
Use immutable backups
Having your data backed up outside of your current network
may allow you to get back to work faster after a cyberattack
occurs. If your system is exposed to ransomware, you can use
a backup instead of having to pay the ransom.
It's important that those backups are immutable, which
means they are unable to be modified after creation. That
way, if criminals access your backup files, they are not able to
delete or encrypt them.
Train your staff on cyber best practices
Do you know how you would respond if an attack occurred?
MODERN WORKTRUCK SOLUTIONS WWW.MWSMAG.COM NOVEMBER 2024
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Modern WorkTruck Solutions November 2024

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