WEDNESDAY, APRIL 28, 2021
While you may think that your small business is an unlikely target for a cyber security attack, think again. Small businesses make up around 70% of the victims of all cyber attacks in the U.S. each year. It is crucial to keep your business’ and clients’ information safe during operation. One breach could cost your clients thousands of dollars, lead to lawsuits and irreparably damage your business’ reputation.
Invest in Cyber Liability Insurance
Before even beginning operation, make sure that your business is insured with the best possible insurance, including cyber liability insurance. In case an attack does occur, cyber liability insurance can help cover your business’ losses and recovery expenses, including even the cost of PR.
Educate Your Staff
Protecting the business’ digital presence falls into the hands of all employees. Teaching them to lock computers and avoid other risks is a huge step toward increased cyber security. Hold a seminar to inform them of common risks, which are often crimes of opportunity. Once they know what to watch for, it’s easier to protect sensitive data.
Change Passwords
Many employees lock their computers with passwords that are easy to crack. One way to beef up digital security is to regularly change passwords. In fact, many businesses require employees to change passwords every 60 to 90 days.
Encrypt Files
In addition to stronger password protection, it’s also beneficial to encrypt data. This is especially true of data that travels, such as access to a company server via laptop or tablet. If a hacker steals encrypted data, they often cannot access any sensitive information. And without a true leak, it becomes harder for customers to sue your business over the breach.
Be Prepared
Even with enhanced security, data breaches do happen. It’s best to plan for the worst so if cybercrime does occur, you can immediately take action according to your plan. One way to begin planning is to discuss cyber liability insurance with your independent insurance agent. This coverage cannot prevent an attack, but it can save your business from financial ruin.
Speak with your business’ insurance agent about adding cyber liability insurance and search for safeguards to protect your business’ information so that you don’t have to worry about recovering if a cyber attack does occur.
Connect with an insurance agent today in Millsboro, Delmar, Seaford DE or Salisbury, MD to get started.
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