10 Steps to a Safer Business: A Cyber Security Guide

A security breach can happen to a business of any size, not just the big ones. In fact, 75% of data breaches arfinger_security_scannere targeted at small and medium sized businesses. The cost of a breach can be significant, and not just financially, but for your reputation as well. With an average cost of $214 per compromised customer record, it is no wonder that within half a year of being victimized by cybercrime, 60% of small businesses close. With the correct Cyber Liability Insurance and these 10-Steps to a Safer Business you and your company do not have to be a victim of a breach in security.

10-Steps to a Safer Business

1.   Train your employees
Train your employees to avoid hazardous links and email attachments, and to use strong passwords. If your employees have trouble remembering passwords have employees use an online password vault.

76% of cyber-attacks are due to the exploitation of weak passwords.

2.   Limit access to private dataKnow where you store confidential information and limit its accessibility. Do not store important information in a word document on your computer. Make sure to password protect the document or files with a strong password.

3.   Keep tabs on your devices
Inventory and secure all employee devices, including thumb drives, smartphones, laptops and tablets. With new technology it is easier than ever for employees to work on the go, but it also means your company’s classified information is accessible from anywhere.

Only 17% of small and medium sized businesses attempt to secure their company data on personal devices.

4.   Protect your network
VPNs (virtual private networks) and firewalls work best to protect who accesses you network. When creating a VPN, keep in mind the importance of a strong password.

5.   Secure servers and unused devices
Locked doors limit access, so keep your servers and unused devices somewhere with keyed entry.

6.   Keep your facilities safe
Manage all entry systems and limit physical access. Never let a stranger wander your hallways. Have a receptionist receive visitors when they arrive and have video cameras installed around entrances and exits to record visitors coming and going.

7.   Ensure safe browsing and protect your website
Trustmarks are a great way to reassure your customers of safe browsing. You can also protect your employees by investing in a strong, anti-malware software.

73% of small business owners say that having safe and trusted internet access is essential to their continued success.

8.   Create a clearly written cyber security policy
The policy should be accessible by all employees and should contain a section dedicated to the use and disposal of confidential information and devices. As well as an action plan in case of your company becomes a victim of cyber theft.

9.   Properly dispose of outdated and/or non-functioning devices and documentsPhysically shred old paper document, or use digital shredding for data stored on discarded devices.

10.   Screen your employees thoroughly
Background and reference checks might seem like standard operating procedure, but without due diligence there is always the potential for someone to slip through the cracks.

All of these steps are important in protecting your company from a breach of security. It is also imperative to purchasing the correct Cyber Liability Insurance. Cyber Liability Insurance is made to help your business recover from a cyber-security breach. Sadler Insurance for Techs specializes in protecting your business from devastating cyber risk and property losses with our affordable cyber liability insurance program.

Source: 10 Step Security Checklist

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10 Steps to a Safer Business: A Cyber Security Guide
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Categories: Breach Of Security, Cyber Liability

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