As the number of cyberattacks rises, so does the value of claims linked to them. This is influencing the profitability of your current insurance. Data in modern life is extremely intertwined as a result of the digital revolution. However, this opens us up to a new wave of cybercrime. The complexity of cybercrime stems from the fact that it is not only hard to detect and counteract, but also hard to gauge in terms of prospective harm.
HOW CAN YOU PROTECT YOUR BUSINESS AGAINST CYBER-ATTACKS?
Create your own security measures: Check the headlines for updates on the latest cyber security risks. Constantly remind your staff of the most vital steps they can take to keep your business safe from cybercriminals and the damage they may do.
Passwords: As human beings, we can all agree that it's challenging to keep track of a large number of passwords. Staff members should be encouraged to use complex passwords and to routinely update them.
Install a firewall and virus protection software: These defences have been constructed to repel spyware, virus, and phishing attacks.
Maintain updated versions of software, operating systems, and browsers: Updates may be a nuisance, but they exist for a purpose, so you should always install them. They are referred to as 'patches', and they exist to address vulnerabilities in the software you use that may be exploited by hackers or malicious software.
Having a strategy for dealing with a cyber incident is as important as having a fire drill. Obtaining suitable insurance can protect you from a loss of revenue and help you recover from any cyber-attack.
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