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This post was originally written for one of our incredible broker partners, Orr Insurance Brokers.
Cyber Security Awareness
A cyber attack is any attempt to expose, alter, disable, destroy, steal, or gain unauthorized access to private information. This can happen through computers, networks, or mobile devices, often for vandalism or financial gain.
Think about your day. Do you use a cellphone or laptop? Do you run a business that collects personal information like credit card details or emails? Do you operate a farm or business where technology plays a major role? If you answered yes to any of these, you need to think about cybersecurity. October is Cybersecurity Awareness Month, a great time to review the protections you have in place to safeguard your business from cyber threats. These can include viruses, phishing attempts, and ransomware.
Cyber attacks target anyone and can have major consequences for both businesses and their customers. The good news is, individuals can take small steps to protect themselves. One of the simplest is improving your password security, which reduces your risk exposure.
Tips from Duo Security to Improve Your Passwords:
- Use at least 16 characters (include uppercases, special characters, and numbers).
- Avoid using personal information.
- Use a memorable phrase (e.g., JimMadeA6ftTallSnowman!).
Cyber attacks come in many forms, including stolen data, being locked out of computer systems, and identity theft. Neglecting cybersecurity can cost your business both financially and reputationally, especially if customers’ personal data is compromised.
Common Types of Cyber Attacks:
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Phishing: Hackers impersonate a trusted company or individual to steal sensitive information such as passwords or banking details.
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Ransomware: Malicious software locks you out of your data or computer, demanding payment to regain access.
Cyber insurance can help recover expenses and provide liability coverage if a security breach occurs. However, it shouldn’t be your only defense. Businesses must be vigilant about how they store customer information, protect systems from attacks, and keep staff informed on the latest threats.
Speak to an Orr Insurance & Investment Broker today to learn more about protecting your business from cyber breaches.
Other Cyber Safety Tips:
- Stay alert for anything unusual.
- Email Rule of Thumb: If you don’t expect it, don’t open it!
- Regularly back up your data and keep your software up to date.
Cyber threats constantly evolve, and so must our cybersecurity practices. Stay informed about potential risks and learn how to protect yourself and your business. Visit our cyber coverage page to learn more.
