National Security Awareness Month: Ways to Reduce Cyber Liability Risks

In honor of National Security Awareness Month, learn how to reduce your business’s cyber liability risks.

While the Internet is an amazing tool for businesses, it can also be a serious liability.  For instance, the losses incurred by a single data breach could damage a business irreparably.  If you are a business owner, then your business’s cyber security should be a major priority.  Make sure you are doing everything you can to keep your business safe online with these strategies to reduce your cyber liability risks.

1) Train Your Employees

One of the most effective ways to ensure that your business stays safe online is to offer your employees cyber security training.  Once your employees understand the risks that the Internet poses, they will be less likely to maintain practices that place your business at risk.  A good training program should cover your business’s safety protocols for storing and regularly changing login information.  Additionally, your training program should also include the necessary safety precautions that employees should take when they’re working on their personal devices.

2) Update Your Router

While many businesses operate using consumer-grade routers, these routers do not have the necessary security features.  A consumer-grade router is adequate for the daily activities of a family, but they are not well equipped to protect your business.  If a hacker were to gain remote access to a consumer-grade router, then your business’s sensitive information would be at risk.  If your business operates using a consumer-grade router, consider upgrading to a commercial-grade router.  While more expensive, these routers offer you the necessary security measures to keep your business safe.

3) Check Your Security Protocols

Finally, a great way to reduce your cyber liability risks is to check your security systems and protocols regularly.  A good way to do this is to test out different scenarios and see how your security systems handle a cyber threat.  If you notice any shortcomings or potential weaknesses, flag them and address them immediately.  Your attentiveness could prevent a serious cyber-attack on your business.

Take these precautions to help minimize your business’s cyber liability risks.  Remember, another way to protect your business is to make sure it has the coverage it needs.  To find the right policy for your business, contact the professionals at Kurt Rolf Insurance Agency.  Our dedicated team is ready to assist with all your insurance needs in Minnesota, Wisconsin, Florida, South Dakota, and Arizona.