10 Essentials for Cyber Attack Protection
Cybercrime continues to rise, and ransomware attacks are affecting companies across the supply chain, from manufacturers and distributors to small local businesses. Over the past year, we’ve seen a growing number of incidents involving payment fraud, compromised email accounts, and ransomware within our broader business network.
At Algood, protecting our systems and our partners is a priority. A single cyber incident can disrupt operations, damage relationships, and lead to significant financial loss.
Below are practical steps every organization should implement to reduce risk and avoid becoming a target.
- Never make changes to payment or banking details based solely on an email.
Fraudsters frequently impersonate vendors or executives to request urgent changes to payment details pr processes. Always verify requests using a known phone number already stored in your system, never a number provided in the email. - Require dual verification for payment changes.
Establish an internal policy requiring confirmation through a second communication channel and internal approval before making any banking or payment changes. - Protect your email domain.
Domain monitoring and email authentication protocols (SPF, DKIM, and DMARC) help prevent criminals from impersonating your company or sending fraudulent messages using your brand. - Consult trusted cybersecurity advisors.
Many accounting firms and IT providers now offer cybersecurity consulting. Their guidance can help identify vulnerabilities and implement best practices. - Use reputable endpoint security software.
Anti-virus and anti-malware protection across all company devices is essential for detecting and blocking threats. - Strengthen password practices.
Use long, unique passwords combined with a password manager and multi-factor authentication (MFA) whenever possible. - Implement multi-factor authentication for critical systems.
Your email, finance systems, and administrative accounts should always require MFA. Phishing-resistant authentication methods such as passkeys or security keys provide even stronger protection. - Maintain secure data backups.
Perform daily or weekly backups and store copies offline or in immutable storage, so they cannot be encrypted or deleted during a ransomware attack. Regularly test your ability to restore data. - Review your cyber insurance coverage.
Ensure your business insurance policy includes protection against cyber incidents and ransomware. - Limit access to sensitive systems and data.
Only authorized personnel, following strict procedures, should have access to financial systems, critical infrastructure, or sensitive data. In addition, physically secure critical systems and restrict access to only authorized staff.
Cybersecurity is an ongoing effort. It demands continuous vigilance. Cybercriminals are relentless and constantly adapt their methods, so businesses must stay equally alert.
At Algood, reliability has always been at the core of what we do. It guides how we design and manufacture our casters and shapes our approach to protecting our systems and supporting our partners. Strong processes and consistent safeguards keep operations running smoothly.
If you ever receive a suspicious message or payment request that appears to come from Algood, please call us directly using the phone number listed on our website so we can investigate immediately.
I encourage every organization in our network to review its processes and ensure the safeguards detailed above are in place. A few preventative measures today can prevent significant disruption tomorrow.
