3 Tips for Cannabis Businesses Looking to Shore Up Some Cybersecurity Protection

3 Tips for Cannabis Businesses Looking to Shore Up Some Cybersecurity Protection
Cannabtimes

<![CDATA[For the past several years, cyberattacks on private businesses and public agencies alike have been on the rise. What that means, specifically, varies from case to case, but generally these events compromise a company’s data or hold certain information “hostage” for a proposed ransom.  With the ratcheting war in Ukraine, warning signs are flashing over the threat of even more cyberattack activity in the weeks and months to come. Businesses remain vulnerable to attacks that remain hard to predict and hard to perceive. Michael Sampson, partner at Leech Tishman and member of the firm’s litigation practice group, says that cannabis businesses (and businesses of all stripes) would do well to assess the risk of those attacks to the best of their ability—and to prepare. He outlines three ways to think about that.“Cyber risk remains very significant across the cannabis industry and across the U.S. commercial landscape generally, because this is really an area where the cannabis industry faces the same types of risks that many other businesses face,” he says. “The risk to the cannabis industry may be greater in some respects, but it’s certainly no less than any other business.”CommunicateThe first step, after registering one’s shock at being attacked by a certain cyber threat, is to communicate transparently with law enforcement. Cyberattacks are indeed occurring more frequently, but that doesn’t mean they are any less significant or potentially damaging to victims. Get onboard with law enforcement right away to keep the matter transparent—and to secure any hope of a clear recovery. This is also just a practical matter. Without communicating the attack to a law enforcement agency, your business may be missing out on possible insurance benefits—like payment of a cyber ransom. “There is certainly, in many cyber policies, a requirement that the policyholder provide notice to the appropriate authorities—which…

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