Every day, businesses produce and transmit mountains of data. From customer contact details to financial information to trade secrets, this data is vital to the success of any company. With so much data being created and transmitted, it’s no wonder that data breaches are becoming increasingly common. So what can business owners do to reduce the risk of business data being exposed? Business Insurance Center is here to provide helpful hints for businesses on how to avoid data exposures.
How to Increase Data Protection for Businesses
Cyber security threats and trends are an ever-evolving landscape as technology continues to advance at alarming rates. Thus, it’s critical for companies to assess data protection practices and create cyber security processes to protect your business from data breaches that are costly and damaging. So what can you do to protect your company from data exposures? Check out our tips for increasing data protection!
- Provide cyber security training: Employees are your first line of defense against cyber threats. It’s often through employees that malicious links are clicked or fraudulent software is downloaded. Train your staff on common cyber threats and how to respond. Go over the dangers of visiting harmful websites, leaving devices unattended, or sharing personal information. Also, provide clear business cyber security policies and how to report suspicious activity.
- Get cyber vulnerability assessments: This is an effective way of evaluating your company’s data exposures. Vulnerability assessments use simulated cyber-attacks and stress tests to determine potential entry points into your system. Security experts use the results to provide recommendations for improving an organization’s network and data safety.
- Patch systems regularly: Cybercriminals often gain entry into business systems by exploiting software vulnerabilities. To help prevent this, update applications, security software, operating systems, and firmware on a regular basis.
- Back up data: Having backup files of all your business, client, and/or proprietary data is a crucial form of protection in the event that your system is compromised.
- Create an incident response plan: While business cyber security programs help secure digital assets, having a cyber incident response plan provides clear steps for employees to follow if a cyber event occurs. Response plans enable organizations to quickly and efficiently notify impacted customers and/or partners which can limit financial and reputational damages.
- Install antivirus software and update it consistently: Research to determine which software best suits your business needs.
- Create strong passwords and use multi-factor authentication: Teach your employees how to create strong passwords using symbols, numbers, and capitals and mandate routine password changes. Further prevent cybercriminals from gaining access to your employee accounts with multi-factor authentication.
- Provide training on safe web browsing: Employees should be trained on proper web browsing, taught how to identify fraudulent websites, and interact with secured websites only.
Best Business Cyber Insurance Company
As a business owner, you know that data security is a top priority. Unfortunately, data breaches are still all too common. While the ways we just explored can reduce your risk of cyber exposure, the last line of defense (and perhaps the most important) is a cyber security insurance plan in the event of a data breach. Having the proper insurance for cybercrime gives your business the ability to bounce back and recover losses that result from the breach. Business Insurance Center provides top rated cyber risk insurance for businesses across the United States. Our policies are customized and tailored to meet the unique needs of your industry and your particular business. Click now for a free cyber insurance quote or call one of our knowledgeable agents. We’re in the business of protection!