‘My company doesn’t sell anything online – so why should I worry about cyber attacks?’
This way of thinking is why some companies commonly find themselves to be more vulnerable to online attacks. The fact of the matter is that we are all vulnerable to have our data breached, whether you work for a large online company or work for yourself from the comfort of your home cyber attacks have grown at remarkable rates over the last several years. The pandemic also considerably intensified the number of threats within the digital landscape with so many employers making the move to have a larger remote workforce.
There are several common causes of security breaches, and by learning some basic data breach prevention techniques, businesses can often prevent one from occurring. However, if a business is hacked, cyber liability insurance can help it recover. Please take some time and review these ten ways that you can prevent cyber attacks for your business.
Train all employees on how to identify phishing emails. Teaching employees the best practices involved in cybersecurity is one of the most effective approaches for preventing a cyberattack.
Installing firewalls, spam filters and antivirus software is an important way to prevent hackers from gaining access to data. Hiring an IT consultant to oversee this is also a great idea.
Use secured emails especially when emailing important documents or information.
Implement MFA - Multifactor Authentication requires you to give additional verification in addition to your password, such as a PIN code sent to your phone, to gain access to an online account, decreasing the likelihood of a cyber-attack.
Require strong passwords. Every employee should be using complex, unique passwords that are changed every few months and utilizing multi-factor authentication.
Do not share passwords. Reduce the chance for a breach by making sure employees never share their passwords and consolidate the number of places where data is stored in general.
Back up data if you are not in the cloud and store back up offsite
Lock down your PC or laptop when away from your computer
Prior to transferring funds prompted by an email or phone call, check via a phone call with the person in question before sending funds
Update software regularly. Making updates as soon as they are released can keep computer systems protected. In most cases, updates can be set to take place automatically.
The rise in cyber attacks has put a clear emphasis on the need for effective cybersecurity risk management, and cyber insurance is a critical component of that. The reality is that even if with scrutinous protection in place, a data-breaches may still occur. Cyber Liability Insurance should always be the next line of defense. If a data breach does occur, expenses can add up quickly. Cyber liability insurance can help businesses survive the financial repercussions of a cyberattack by paying for recovery costs. For more information about cyber liability coverage, please click here.