American Institute of Certified Public Accountants (AICPA) reports that 81% of Americans are somewhat concerned that businesses can safeguard their financial and personal information, while 40% are extremely or very concerned.
Businesses getting their data or their customers information stolen is all over the news ( https://allanblockinsurance.com/westchester-blog/cyber-security-insurance-for-hacking/ ) It is important to strengthen your businesses security protocols and limit exposure to cyber breaches.
Improve and Reinforce network security management measures.
You may have a system in place for data retention and destruction of physical data but you may want to consider having a similar system for electronic data. Control access to your network system, suggest employees use passwords that incorporate symbols, numbers, letters and capital letters throughout their passwords and not just the beginning and end.
Review or Create a Network Security Policy
If your company doesn’t have a Network Security Policy it is important to draft one and put one in place and train employees so they can make security part of their daily routine.
Encrypt Data Stored on Devices in Addition to Computers
In many businesses just as much work is done on laptops, smartphones and flash drives as is done in the office on your work computer. With information being stored in so many places it is important to encrypt this information to reduce the risk of a data breach incase of loss or theft.
Invest in a Cyber Liability Insurance Policy
Even if you take all the precautions possible it is still possible that your company might have a data breach. A Cyber Liability insurance policy would provide coverage for your business in the event of a breach.
