Cybersecurity is an issue for all organizations, but it’s especially tough for small and mid-sized businesses, which often lack larger corporations’ security and technology capabilities.
The increased use of technology by corporations across all industries has provided hackers with new options. And, partly due to the increasing costs of ransomware, as cybercrime’s popularity has increased, so has the severity of enterprise losses.
Three methods for avoiding cyber-attacks
How can you help your business prevent a costly cyber-attack or recover financially if one happens?
- Boost the security of your system
Email is not a secure medium of communication, contrary to common opinion, and any organization sending or verifying sensitive information should exercise caution. Security breaches can result in money transfer fraud, malware, and data theft, among other things. What can you do to improve the security of your system?
Data backups should be maintained current, secure remote access should be allowed, and software should be updated regularly. Additional measures include using a password manager, scanning for malicious software, and encrypting your data.
- Training Programs for Employees
Only IT personnel are capable of effectively reducing cybersecurity. It requires a committed culture of cybersecurity awareness that keeps everyone accountable. Through security awareness training programs, all workers may gain the information they need to be careful and avoid being victims of a phishing attack.
- Insure against cyber-crime losses
Even with the best safeguards in place, businesses can never be safe. That’s why it’s vital to have cyber insurance to help you recover from a loss if it happens. Did you know that, despite the great majority of small and medium-sized businesses being uninsured, cyber insurance claims are among the most common insurance claims submitted by these businesses and over 60% of small businesses go out of business within six months following a cyber attack? Check to see if you’re not one of them. Make sure your business is prepared to recover in the event of a disaster.
Mindaro is working hard to address and support all the needs of a small business’ safety by partnering with top tier carriers, providing affordable, easy, flexible and understandable commercial insurance policies that will help protect your business from the major risks out there. We support only 100% digital underwriting, leaving pen, paper and redundant communications in the past, positioning our customers happiness as our top priority. For more information, please visit us at mindaro.io