National Security Awareness Month: Reducing Your Cyber Liability Risks

National Security Awareness Month: Reducing Your Cyber Liability Risks

In honor of National Security Awareness Month, learn how you can minimize your business’s cyber liability risks.

While the Internet can be an amazing resource for businesses, it can also pose serious risks. If your company experiences a data breach, sensitive information about your customers, employees, and your business as a whole could be at risk. To make matters worse, damages stemming from a data breach could spell the end for your business. If you are a business owner, make sure you are taking the necessary steps to protect your business. Here are some precautions you should take.

Check Your Security

One way to reduce your business’s cyber liability risk is to make sure your security protocols are strong.  To inspect your security protocols, test out different scenarios and look for weaknesses in your defenses.  If there are issues in your security protocols, address them immediately.  A small lapse in your security is all a hacker needs to gain access to your business’s private information.

Update Your Equipment

Another way to minimize your business’s cyber liability risk is to make sure you are using the right router. If your business relies on a consumer-grade router, then you might be vulnerable to a cyber-attack. Consumer-grade routers do not have the necessary security measures to protect against hackers. If a hacker gains remote access, they could access all the information that ever passed through your router. To prevent this, consider updating to a commercial-grade router. Though these routers are more expensive, they provide the protection your business needs.

Invest in Training

Finally, one of the best way to mitigate your business’s online risk is to invest in an online security training program.  A good training program should teach employees how to safely store login information, and should also cover your business’s policies for changing their passwords regularly.  If your employees work off of their personal devices, then your training should also include the additional safety precautions they need to take.

A single data breach could destroy a business; make sure your business is taking the necessary precautions to minimize its cyber liability.  Another way to protect your business is to invest in the right cyber liability insurance.  To get the coverage your business needs, contact the professionals at VGW Walker Insurance in Texas.  Our dedicated team is ready to assist you with all your insurance needs.