Almost all businesses have some form of cyber liability today. If you take credit cards for any purpose, you need to carry cyber liability insurance in order to protect against a data breach. However, at CONRAD INSURANCE | CONRAD FINANCIAL, we encourage Pennsylvania businesses to be proactive against cyber threats as well as carrying insurance in case the worst happens. You know that many multi-billion-dollar companies have been compromised in the past few years. What can you do to minimize your own risk?
Although encryption is never completely hacker-proof, it goes a long way to deter thieves looking for an easy target. Make sure that your customer database is encrypted on all devices where it can be accessed.
Passwords may be difficult to remember, but they are necessary for your business security. Workstations and servers need to be protected with multilevel passwords. The best passwords do not include names or birthdates of family members. Instead, come up with a system less identifiable. Names of characters from favorite books or movies can be combined with numbers and special characters. Find a system unique to you. Then change those passwords at least monthly.
Malware protection is essential to your cyber security. Unfortunately, some of the most recognized names in this industry have been hacked repeatedly. Don’t fall for a product simply because you recognize the brand. Instead, look at third-party reviews and industry-wide awards to find a product that your company can count on.
At CONRAD INSURANCE | CONRAD FINANCIAL, we believe insurance should make a difference even before a claim is necessary. Our risk-management experts can assist you through our SafeBET™ process. Our unique consultation process involves an easy-to-implement process of lowering your bottom line. With tried-and-true safety and preventative measures, we’re sure you’ll be delighted.