Three Major Cyber Threats to Businesses
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Three Major Cyber Threats to Businesses

Cybersecurity threats have continued growing, in fact they been ramping up during 2020, and the trend according to experts is that the risks will continue to grow at an exponential rate. And small to mid-sized firms that think they will fly under the radar of cyber threats are sadly mistaken, as they are usually easier pickings for criminals. Worse yet, one incident could put a firm out of business. To protect your company from attack, here are three cybersecurity threats you should prepare for now. Ransomware attacks In a ransomware attack, hackers access your data and hold it hostage until…

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The Story Behind Increasing Commercial Auto Insurance Rates

Commercial auto insurance rates have been on the rise since 2011, increasing often by more than 10% a year as accidents and claims costs have soared. The trucking industry has been the hardest hit by the steep increases, and there are a number of factors contributing to the rate hikes, according to a recent study by Risk Placement Services. One of the biggest factors is that insurers have had trouble keeping up with increasing accidents and spiraling claims costs, leaving them in the red for most of the past decade.  Huge court verdicts, higher maintenance expenses, reduced freight demand and…

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How to Reduce the Risk of Theft, Vandalism at Your Business

Burglary, robbery and vandalism can be particularly devastating to small businesses in terms of money, customers and employee safety. You can see thousands of dollars of merchandise or equipment damaged or stolen, and your employees and customers can be in mortal danger if your facility is robbed.  These types of risks to your business are unpredictable, but there are crime prevention steps business owners can take to protect their assets and employees. Here's what you can do: Burglary prevention Establish and enforce clear policies about employee theft, substance abuse, crime reporting, opening and closing, and other security procedures. Provide training…

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Can your Business Survive the Loss of a Key Employee?

In today's economy, determining the value of your key employee is becoming the most important question a small business can ask. And businesses need to determine the answer to this question sooner rather than later — or their business survival could be in jeopardy. "Take away all my factories and my equipment. Take away my wealth. But leave me with my key people and in a short time I'll have it all back again." - Attributed to Andrew Carnegie Many business owners define "key" people based on: High Salary - High value put on employeeDecision-making power - Control business directionFrequent…

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