Business Cyber Security

Small businesses are a vital part of America’s thriving economy. Unfortunately, small businesses often fall prey to breaches in cybersecurity. In fact, 44 percent of small businesses are victims of cyber attacks. These cyber attacks cost, on average, $9,000. There are easy, simple steps that you can take to ensure that your business’ cybersecurity is locked tight, and your business does not become a casualty of a cyber attack.

The best place to start securing your network from outside threats is with antivirus software and antispyware. It is important to remember to update this software regularly. Typically, there is an automatic software update that you can configure for your network. Using a firewall and encrypting information will safeguard your Internet connection. Make sure that you have a password protection with your Wi-Fi network and do not broadcast your network name (SSID). Another great way to be proactive against cyber threats is to backup important business data and information. You can do this by storing copies offsite, or even on the cloud. Consider backing up the following critical data: accounts payable files, HR files, financial files, databases, electronic spreadsheets, and word processing documents.

Your employees are also vital in the effort of protecting your business against cyber attacks. To ensure that all employees understand the importance of cybersecurity it is important to educate them and hold each employee accountable for his or her part in securing the network. Educate your employees by informing them about safe use of social networking sites. For example, employees might be introducing sensitive details about your business when posting online to social media. Additionally, you can ensure that your network remains secure by requiring employees to use strong passwords and change them often. You can also check with your vendor to see if they offer multifactor authentication, which calls for additional information beyond a password to gain access to your sensitive data. Lastly, establish security policies and practices to safeguard sensitive information. Make sure that you clearly outline the penalties of violating your business’s cybersecurity policies for your employees.

To evaluate your cyber risk exposure, click here and answer the following questions. Here at THW Insurance we can provide a quote to provide coverage for your business. We also offer a policy for personal coverage for identity theft. You can find more information about that plan if you click here. We look forward to assisting you with all of your cyber security needs! Please give us a call at 615-443-3849.