This October, make sure your business is minimizing its cyber liability risks.
The Internet is an amazing resource for businesses. However, it can also pose major risks. For instance, a data breach could damage a business irreparably and cost a business over $1o million in damages and legal fees. In honor of National Security Awareness Month, make sure that your business has all the security it needs. Reduce your business’s cyber liability risks by taking these security precautions.
One of the best ways to reduce a business’s risk for cyber liability is to invest is an online security training program for their employees. A good training program should cover how to safely store login information and also include your business’s protocols for regularly changing passwords. Additionally, if your employees work off of their personal devices, your training program should go over the safety precautions they need to take.
Another way to reduce your liability risks is to make sure your business’s cyber security protocols are up to date. Start by examining your safety measures, looking for any weaknesses in your defense. A good way to do this is to test out different scenarios and look for any shortcomings. Once any weaknesses are flagged, quickly come up with solutions to address them. A small gap in your security is all a hacker needs to ravage your business.
If your business runs using a consumer-grade router, then you might be vulnerable to hackers. Consumer-grade routers do not have the necessary security measures to protect against hackers. Should a hacker gain remote access to your router, then they would have access to all the information passing through your router. To prevent this, consider upgrading your business to a commercial-grade router. While these routers are more expensive, they have the necessary protections to keep hackers out.
A single data breach can be devastating for a business, so make sure you are taking the necessary security measures to reduce your cyber liability risks. Another way to ensure your business has the protection it needs is having the right cyber liability insurance. To learn more about cyber liability insurance, contact the professionals at Fullhart Insurance Agency. Serving all of Waldport, Reedsport, Sisters, and Tigard, Oregon, and the surrounding areas we serve all your personal and commercial insurance needs.