October 06, 2023

Protecting Your Business from Cyberattacks: Impact on Value and Reputation

10 minutes

Key Takeaways:

Small to medium-sized businesses are more vulnerable to cyberattacks and should invest in cybersecurity measures.

Cyberattacks can have a significant impact on the value and reputation of a business.

Insurance companies may require businesses to have cybersecurity measures in place before providing coverage.

Chapters:

| **Timestamp** | **Summary** |

| ------------- | ----------- |

| 0:00:07 | Introduction and disclaimer about the podcast content. |

| 0:00:38 | Discussion about cybersecurity awareness month and its relevance. |

| 0:02:40 | Importance of cybersecurity for small to medium-sized businesses. |

| 0:04:20 | Impact of cyberattacks on the value of a business. |

| 0:05:53 | The need for insurance and proper security measures. |

| 0:06:49 | Importance of cybersecurity for remote work and virtual teams. |

| 0:07:56 | Affordable options for implementing cybersecurity measures. |

| 0:08:47 | Potential risks of AI and data security. |

| 0:09:05 | Contact information for business assessment and cybersecurity recommendations. |

| 0:09:32 | Disclaimer and closing remarks. |

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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