Cyber insurance is not a substitute for network security, data backups, and a strong password policy, however, it is something every business should have. Although it won’t prevent a cyberattack, it will help you recover from an attack. A comprehensive cyber security strategy should include cyber insurance, but you also must protect your business with training and tools.
Keys to Protecting Your Business from Cyberattacks
No amount of planning and protection can prevent every cyberattack. However, with best practices you can greatly reduce your chances of falling victim and needing to use your cyber insurance. Here are six keys to protecting your business:
- Train Your Staff – When your staff understands how the majority of cyberattacks happen, they have a great chance of avoiding opening a phishing email or creating a low security password.
- Have a Technology Handbook – This should include all your technology policies including password policies and who and what can connect to your network.
- Create a 3-2-1 Backup Plan – Backing up data is critical for not only recovery post cyberattack but also post disaster. If you aren’t familiar with a 3-2-1 backup plan, click here.
- Update Your Software & Security Solutions – One of the main reasons for software updates is when a company realizes there is a way for a hacker to gain unauthorized access. Don’t delay updating software.
- Utilize Prevention Tools – Everything from firewalls, anti-virus software and strong network security makes you less vulnerable to cyberattacks.
- Test Your Network Vulnerability Regularly – Network penetration testing can help your IT staff or MSP correct vulnerabilities in your network. Regular network penetration testing ensures your eligibility for cyber insurance and can lead to lower premiums.
Cyber Insurance Has Limits
Like any insurance policy, ideally, we never need it. Although cyber insurance will recoup some of your financial losses, it doesn’t repair your business’s reputation in the community. It also doesn’t give you back the orders you may have lost to a competitor during down time. You need to ensure that your business has protection in place to prevent cyberattacks.
Toucan Technology Group Can Help You Protect Your Business from Cyberattacks
Although we don’t sell cyber insurance, we offer solutions that can lower your premiums. We also offer backup services so in the event you do have a problem, we can restore your data quickly to get you back up and running in a timely manner. Reach out to Toucan Technology Group for your free consultation at (317) 376-4874 or fill out our contact form today.
