Cyber Attacks

Cyber attacks can have a significant impact on financial and other critical infrastructure. Whether you're personally hacked or there's widespread impact, there are steps you can take to mitigate risks.

Personal Resiliency

Backup Data: Regularly back up important data and keep backups in a secure location, both physically and digitally.
Strong Passwords: Use strong, unique passwords for all online accounts especially those that deal with money and consider using a password manager.
Be Vigilant: Be wary of phishing emails, unsolicited calls, and suspicious websites.
Software Updates: Keep your software and operating systems up-to-date with the latest security patches.
Two-Factor Authentication: Enable two-factor authentication whenever possible to add an extra layer of security.

Financial Resiliency

Sufficient Savings: Aim to have at least three to six months' worth of living expenses saved in an emergency fund. This will provide a financial cushion if your income is disrupted.
Physical Emergency Fund: Maintain a physical cash emergency fund to cover expenses in case of a disruption.
Spread Out Risk: Don't put all your eggs in one basket. Diversify your investments across different asset classes (stocks, bonds, cash) and sectors to reduce the impact of a single event.
Know Your Bank's Procedures: Understand your bank's procedures for dealing with cyberattacks and have their contact information readily available.
Monitor Accounts: Regularly monitor your bank and credit card accounts for unusual activity.

Insurance

Protect Your Identity: Consider using a credit monitoring service to track your credit report and be alerted to potential fraud.
Review Coverage: Review your homeowners, renters, and auto insurance policies to ensure they provide adequate coverage for cyber-related losses.
Identity Theft Insurance: Consider purchasing identity theft insurance to help cover the costs associated with recovering from a data breach.

Cyber Attacks

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