LET ME GUESS, YOUR BUSINESS DOESN'T HAVE ANY CYBER EXPOSURE...
Technology has become a huge part of how businesses operate day to day. Many business owners believe their small to midsize business will not face a cyber attack, when in reality small to midsize businesses are the preferred target. As technology advances so do the ways for hackers to attack businesses- whether it is as simple as buying advertising space on a website that infects your system with a virus once clicked upon or as severe as targeting a small businesses server. It is important to understand if your business holds any personal information about clients, your business is at risk for a cyber attack. Cyber breaches can expose personal identifiable information, bank account information, employee information, social security data, protected health information, etc.
Cyber attacks can occur in a number of ways. The most common one that comes to mind is hacking/malware, but as technology develops- so do the risk. For example, what about a lost company cellphone?
CAUSES OF CYBER BREACHES
- Human Error- opening an email with a virus, accidentally sharing disclosed/sensitive information
- System Glitch- firewalls go down allowing hackers to penetrate files and data
- Malicious/Criminal Attack- computer virus, phishing, ransomware, cloud services, hackers, rogue employees, social engineering
- Theft of laptop or tablets
- Loss of mobile device
WHY BUY CYBER COVERAGE?
People may argue that their business does not store typical client information such as credit card information or health records, but what about the confidential information about your staff or business itself. A hacker will gain access to your business' banking information, staff information such as social security numbers and payroll information. A hacker will have access to internal emails- it is not only important to protect client personal data but is also important to protect staff data and internal information that helps your business run day to day.
QUESTIONS TO ASK YOUR SELF
Does your business retain any physical or electronic records of the following:
- Birth dates
- Email addresses
- Home addresses
- Driver's license information
- Tax identification numbers
- Medical/health records
If you obtain any of the following records your business is at risk of experiencing a cyber attack. Will you be able to cover the cost? Information lost cost businesses on average, $250 per compromised record! Don't let your business suffer any longer, get a Cyber Policy today!