1. Stay alert and aware to malicious attempts at deception by watching out for warnings such as a sudden request for confidential information or an urgent request for a payment from an unfamiliar person.
2. Have robust security protocols and processes in place. Educate your employees on cybersecurity best practices and specifically warn them to be very careful with emails from unknown senders.
3. Use two-factor authentication, making sure that your systems are set up to require two distinct forms of authentication before allowing someone to gain access.
4. Have strict procedures in place for verifying requests for transfers of money, and make sure that multiple people are responsible for performing such activities.
5. Require passwords for all accounts, and make sure that these passwords are changed regularly.
6. Be especially aware of emails that could contain ransomware, such as those with unexpected attachments or links.
7. Make sure to use encryption technology for all sensitive data that is being transferred.
8. Regularly back-up data and keep it stored in an offsite, secure location.
9. Utilize Advanced Threat Protection (ATP) technologies that can recognize and block malicious computer code.
10. Implement Artificial Intelligence (AI) and Machine Learning (ML) solutions that monitor system activity and quickly detect any suspicious patterns or events.