Learn How to Protect Your Business DataAll businesses, big and small, are at risk for cyber-attacks but how well your business is prepared is key to optimizing safety in your workplace. Big businesses getting hacked make the news; however, the smaller ones may not make the news, but that doesn’t mean they aren’t being victimized as well. Learning how to protect your business data is vital if you want to protect your business and business reputation. Are you prepared to handle a cyber-attack if you are the next target?

Running a business means working online, reviewing and working on customer databases, and accessing online banking, among many other tasks.  How you are protecting your valuable information is key to the successful operation of your particular business.

6 Ways to Optimize Safety and Protect Your Business Data

Taking preventative measures to protect your valuable data means you are optimizing safety while minimizing the likelihood of a business cyber-attack.  Below are some key tactics you can follow starting today:

Back Up Data- This may sound like a no-brainer, but it’s imperative to back up all data.  Owning and operating a business means you have access to a lot of private date/information. Imagine if you are victimized and all your business data has been accessed by a hacker.  Everyone’s personal information is now up for grabs, not to mention all your business information and data.  Having everything backed up will protect you and your business from the expense of a shutdown while you attempt to regain all the information.

Utilize a Virtual Private Network (VPN)- Many people are now working remotely and if that is the case for you or your employees, it is recommended you use a VPN.  Many local shops you or your employees may frequent, do offer free internet, but you shouldn’t feel safe using it.  VPN software hides your IP address while encrypting all your data so hackers can’t access your internet history. This Virtual Private Network adds an added layer of protection for your business data.

Use a Strong Password- It’s simple to choose a password for your devices that is easy to remember, but when choosing passwords, use a strong one. Doing so will make it harder for someone to figure it out which does minimize the likelihood of an attack. Also, never use the same password for other devices. Each device needs its own password.  Some tips to consider when choosing a strong password include:

  • Don’t write passwords down- Safely store your passwords on an online password manager tool instead of writing it somewhere.
  • Avoid commonly used passwords- Never use patterned passwords such as ABCDEF or 123456.
  • Make it lengthy- Include variations of symbols, numbers and letters in your password and try using 12 characters. Doing this reduces the chances of someone cracking the code.
  • Never use your pet’s name or family names- Don’t use personal information as that is easy to figure out, especially with social media.

Enable Multi-Factor Authentication- To improve cyber security and secure valuable business data, enable multi-factor authentication.  This way you have to “authenticate” who you are when accessing information. This can be done by asking questions only you would know or by facial recognition, to name a few.

Keep Updates Current on Your Software- Make sure when there are updates, that you install them as quickly as possible. Typically an update is a way to fix a bug or security issue that has been detected that could jeopardize the safety of important information.

Invest in Cyber Insurance- Many businesses don’t have cyber liability insurance, but it is something you should seriously consider, especially in this day and time.  Having cyber insurance is a way to protect customer data and business data.  Furthermore, it allows access to cyber experts experienced in handling cyber-attacks. This insurances provides the following benefits:

  • Offers coverage for data breaches, cyber extortion, computer fraud, and cyber attacks
  • Provides third party liability coverages
  • Educates your business on cyber prevention and preventative measures
  • Identifies and protects sensitive information/data and helps to restore information if an attacks occurs

Protection at all Costs

Safeguarding your business and business data from hackers is critical if you want to have successful business operations. Following these essential guidelines can minimize the risks of being cyber-attacked. If you have any questions or concerns about cyber insurance or cyber-attacks on your New York business, call our offices today at 845-627-2130 and we will help.  We are here for all your New York business insurance needs.