Advocate Brokerage’s Top Cyber Security Tips For Businesses

2023-01-25
By: Advocate Brokerage

cyber security tips

If you own a Business considering the addition of a Cyber Liability Insurance policy may be a smart move. A cyber liability policy can protect your business from a myriad of risks that include security breaches, theft of records, sharing of personal information, data breaches, as well as media or communication liability. Below are a few cyber security tips we think are important for all business owners to consider.

Top Cyber Security Tips For Businesses

Plan Ahead – The most important step an organization can take to protect themselves from a cyber breech is to have a solid response plan in place. Planning helps you to make smart decisions during a stressful event such as a corporate cyber-attack.
Make Backups A High Priority – Cyber criminals are working hard to ensure that the companies they attack pay the ransom they demand. One tactic they use is to scan networks, find backups and destroy them before deploying malware. Make sure backups and their storage are a high priority in your company.
In The Event Of An Attack, Don’t Panic – Do your best to remain calm and remember to follow your incident response plan. Ransomware attacks are scary but there is nothing to gain when you panic so follow your plan until your organization can return to normal business operations.
Consider Hiring An IT Firm – All businesses need to protect themselves against the threat of a cyber-attack. Data breaches are time-consuming and expensive, so it makes sense to invest in protection against these types of threats by hiring a reputable IT firm.
Ask For Help – As soon as you suspect a cyber-attack, ask for help. If you are dealing with a ransomware attack, then a third-party incident response provider is the best choice for handling the situation. Let their expertise work for you so you can avoid the attacker returning with different ransomware and requiring a higher ransom price. They can also help with the remediation of your system and increase your defenses to avoid any future potential attacks.
Notify Law Enforcement – If you suffer a cyber breach, it is a good idea to get law enforcement and the local FBI involved. Not only will they help to find the cybercriminals responsible, but they may also provide tools and resources to help recover encrypted information.
Contain the Malware – A loss of data will certainly be a high priority but make sure you take steps to also make sure the malware hasn’t spread. It is important to eliminate the original attack vector, find out what caused the breach, and then ensure that the threat is no longer spreading.

Let Us Help You Take Care Of Your Insurance Needs

Don’t make the mistake of thinking a cybercrime won’t affect your business. Working with an insurance professional will not only help you protect the future of your business, but can also help to connect you with the resources that are available through your provider to oversee the handling of the attack and help you remedy the breach.

We are committed to helping our clients protect their businesses as if they were our own. Every business is unique, so the type of coverage required will vary greatly based upon on the specifics of your business. We want to help you find peace of mind, knowing your business has the coverage necessary to protect you and your business from cyber security threats on a variety of levels. We are always happy to share our experience and expertise with you.