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The Importance of Cyber Insurance

By October 10, 2023No Comments
The Importance o Cyber Insurance blog-man at desk with laptop and large monitor

Every 14 seconds, someone somewhere is hacked by a cyberattacker. When cyberattacks such as data breaches and hacks occur, the result is countless headaches, which include business disruptions, lost revenue and potential litigation. Cyber liability insurance is now an essential component of any business’s risk management program, as it provides several unique benefits.

Here are five ways to help prevent the attacks before they happen.

1.Choose a strong password

It’s important to choose strong passwords to prevent attacks from happening. Use passwords that include a combination of letters, numbers and special characters, and avoid using the same password for multiple logins.

2. Use multi-factor authentication (MFA)

This cybersecurity tool can keep cybercriminals from accessing your information or accounts with only your password.

Using an authentication tool like Duo is a great resource to help you or your company’s’ employees ensure their data is secure.

3. Recognize phishing

Our inboxes are flooded with emails every day. Some are from our coworkers while others are possible scams. Beware of these phishing messages and emails. Do not click on links or download attachments without first verifying that the sender is trustworthy. It’s important to know what these emails look like to avoid hackers.

4. Update software

Attackers often look at vulnerable software that they exploit to access companies’ systems. Make sure to keep software and applications updated to prevent this. Providers often work to release patches to any loopholes within their software. It is necessary to maintain users’ safety and avoid viruses or hackers.

5. Protect wi-fi

Many hackers gain access to you through your own network. Securing any wireless networks by changing the manufacturer’s default password and username can help keep you safe. Also, ensure you are regularly monitoring connected devices for suspicious activity.

Don’t be worried though, because if a cyberattack happens, we’re here to help. To be insured from cyberattacks, contact Dempsey & Siders today. Because you matter.