April 28, 2022
Seven Tips for Reducing Cyber Risk
- Understand your cyber risks. Businesses are vulnerable to cyberattacks through hacking, phishing, malware, and other methods.
- Train Staff. Those engaged in cyberattacks find a point of entry into a business’ systems and network. A business’ exposure can be reduced by having and enforcing a computer password policy for its employees.
- Keep Software Updated. Businesses should routinely check and upgrade the major software they use.
- Create back-up files and store off-site. A business’ files should be backed up either as an external hard drive or on a separate cloud account. Taking these steps are vital to data recovery and the prevention of ransomware. Ransomware is when a cyberattack results in a situation where a business is asked to pay a fee to regain access to its own data.
- Ensure systems have appropriate firewall and antivirus technology. A business should evaluate the security settings on its software, browser and email programs.
- Establish a Data Breach Plan. A business should remind its employees to review periodically the data breach detection tools installed onto their computers. If a data breach occurs, employees must notify the business immediately to prevent further loss.
- Protect your business with insurance coverage designed to address cyber risks. Cyber insurance coverage typically provides protection for costs associated with data breaches and ransomware.