US warns businesses to prepare for Russian cyberattacks. Here's how they can do that

US warns businesses to prepare for Russian cyberattacks. Here's how they can do that

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Key Facts

  • Evans says it’s important for businesses to also have a contingency plan in case they do get attacked, and one of the best ways to do that is having backups of critical or sensitive data stored outside the system.
  • “Those are the business resiliency, the continuity plans that small businesses have to have, and in the middle of the crisis is not the time to find out I have a gap.”
  • “Cyber insurance is becoming extremely expensive, but also kind of levying requirements on businesses to make sure that they’re covered and protecting themselves as well,” said Murphy, highlighting that insurance firms will often have a list of questions companies have to answer and protections they must have in place to even qualify for a plan.
  • To complicate matters further when it comes to Russian cyberattacks, insurance companies often have clauses making exceptions for acts of war and attacks by nation states, in which case the policy does not apply.

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