As a cybersecurity insurance provider, you help clients of all kinds mitigate the damage resulting from costly cyberattacks. But unfortunately, this doesn't make your organization immune to the very same ill effects. Furthermore, there's no such thing as being \too small to hack.\" Even if you think your agency is small potatoes in the eyes of a cybercriminal, you could wind up the target of a malicious breach. After all, according to CIO, Symantec found that 43 percent of attacks in 2015 targeted small businesses.
As it turns out, even cybersecurity-based companies need cyber insurance providers, just like businesses across every other industry do. Pairing this protection with a common-sense approach to online security can go a long way in preventing and minimizing data breaches.
Here are three ways to protect client information for cyber-insurance agencies.
Train Employees in Cybersecurity Best Practices
Your employees are often the sole gatekeepers standing between your client's information and hackers. It pays to create strict cybersecurity best practices for your company-and actually train your staff on how to follow them.
As the National Cyber Security Alliance points out, you should cover the following topics in your training:
Encrypt Mobile Devices on Your Network
As Bring-Your-Own-Device (BYOD) policies become more prevalent, it's important to remember to encrypt any mobile phones, tablets and laptops that can access your company's information on the go. As Independent Agent writes, \"Allowing your employees to use their own mobile device, tablet or laptop to access your network without proper security measures is like giving them the keys to the office and the security code for the alarm system.\"
If your agents access your CRM from the road, or even connect to unfamiliar wireless networks on devices that they also use for work, it's important to enact security measures-think anti-malware software, encryption, multi-factor authentication, penetration testing and more.
Minimize Damage in the Event of an Attack
In the aftermath of a cyberattack, an insurance policy can help businesses notify clients promptly and provide them with credit-monitoring services to keep an eye on their financial information. It also assists with expenses related to early detection, so your agency can spring into action as soon as you notice something amiss. Or, if an employee accidentally enables a ransomware attack, insurance may cover the cost of extortion so you can win back client records.
Agencies serious about cybersecurity use a combination of preventative measures and damage-minimizing tactics (like cyber insurance) to protect their clients. After all, your clients are trusting you with sensitive information ranging from Social Security numbers to payment details. And cyber security providers like yours know this better than anyone, being in the biz and all.
Interested in learning more about cyber protection for businesses of all shapes and sizes? Visit CyberPolicy today and get a free quote.