Cyber-attacks are still on the rise in 2022. Even with increased cybersecurity awareness, businesses have not been able to protect themselves from the rapidly changing threats.
Here are some steps your business can take to help minimize the risk of a cyber-attack:
Create strong passwords
Passwords are one of the primary targets for hackers, so it’s important for employees to create strong passwords that are difficult to crack. The colonial pipeline was taken down due to one unsecured password.
Install antivirus software
Antivirus software can help protect businesses from malware and other types of cyber-attacks. By installing this software, you can reduce the risk of being infected by a hacker.
Back up data
Backing up data is one of the most important steps your businesses can take. By creating a backup, you can ensure that your business has a copy of your data in case it is lost or destroyed in a cyber-attack.
Implement security measures
Some security measures your business should implement include firewalls, intrusion detection systems, and encryption. By taking these precautions, you can make it more difficult for hackers to gain access to your systems and data.
Install a company firewall
A firewall can help to protect your business from cyber-attacks by blocking unauthorized access to your network. This makes it more difficult for hackers to gain access to your systems and data on the network.
Use multifactor authentication
Multifactor authentication requires more than one form of identification. This makes it more difficult for hackers to gain access to your systems and data, because they would need to have both the password and the physical device.
Educate employees about cyber security
It’s important to educate employees about the dangers of cyber-attacks and how to protect themselves. Employees who know the risks are less likely to make mistakes that could cost your business money.
Cyber Liability Insurance
Statistics indicate that a cyber-attack is a potentially business-ending event, just like a flood, or when someone throws a cigarette into a trash can and burns down a building.
60% of small business hit by a cyber-attack go out of business within 6 months.
85% of data breaches strike small businesses.
Cyber Liability Insurance can help cover the cost of repairing the damage done by the breach, lost revenue, and legal fees.
Cyber Liability Insurance is not created equal. Among other things, it’s important to know how your policy will respond when paying for a covered cause of loss. If you don’t know how your policy would respond your business could be on the hook for a boat load of bitcoin.
If you would like a review of your cyber policy so you don’t have to come out of pocket with a boat load of bitcoin, we would be happy to review it for you.
For a complimentary Cyber Vulnerability Assessment Contact Us
If you are interested in Cyber Insurance coverage, please give us a call 844-2GET-INS | 844-243-8467 or Contact Us
We look forward to helping you protect your business!