Cyber Insurance Blog

Educating Your Client on Cyber Security Best Practices

Educating Your Client on Cyber Security Best Practices

Today, many employees grumble at the numerous training sessions and refreshers they have to face on cyber security. As pesky as these may be, there is no doubt they’re necessary. These attacks have become a very real threat to nearly all organizations and they’re not going to stop anytime soon. During the first half of 2019 alone, a whopping 4.1 billion records were compromised. While we only hear about the headline-making breaches, it’s the everyday incidents that put money in hackers’ pockets. Understanding and implementing cyber security best practices is now a requirement for any organization.

Despite the constant headlines, cyber security can be complex and hard to follow for many. Smaller organizations may not know where to begin in their line of defense. At ProWriters, we take the complex and make it simple. With more than twenty years of industry experience, we provide brokers with flexible options for their clients, in a streamlined approach. With the best possible coverage, your clients can rest assured that they’re prepared in the event of an attack on their information security.

In order for your clients to best protect themselves from cyber threats, it’s crucial that they plan ahead. Enforcing cyber security best practices now means focusing on both the prevention and mitigation of a cyber attack. One without the other can result in serious damages.

Teaching Clients How to Prevent & Recover From a Cyber Attack

  • Prevention
    An organization’s first line of defense against a data breach is to simply block the attack. However, as cyber criminals become more creative and advanced, it can be difficult to keep up with the many angles they take when trying to manipulate employees. As these attacks are constantly evolving, it’s important that every employee in an organization stays current on cyber attack trends and how to identify them. IT security best practices for employees should be regularly refreshed to make sure the many access points for hackers remain closed.

    • A blue padlock graphic is surrounded by blue circles, representing cyber security.Keep Software Up to Date
      Yes, these constant pop-ups and reminders on computers, tablets, and phones are annoying but shouldn’t be ignored. Software updates should be done as soon as they’re available so each system is prepared for the latest attack.
    • Continuing Education
      While software can have glitches, it’s most often human error that grants hackers access. Hackers are talented manipulators and triggering human emotion, such as fear and stress, can get them the personal information they’re looking for. All employees need to be constantly educated on the latest threats, phishing attacks, and how to appropriately identify them. Identifying an attack is the first step in blocking it.
    • Passwords
      The days of “password123” are long gone. Hackers can now easily gain access to systems, accounts, and company information through passwords. A strong password is a complex password. Utilizing both letters, numbers, and varying capitalization can help thwart hackers. Regularly updating passwords can also help protect private data from unauthorized individuals.
  • Mitigation
    Once a breach occurs, the matter in which it’s responded to has an enormous effect on the extent of the damages. A well thought out and fast response can substantially minimize the costs. Preparation is key here so all parties know their role and can act immediately.

     

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    • Breach Response Plan
      The first step in the mitigation side of cybersecurity best practices is to identify the cyber response team. What role will each party take? What is their duty? Ironing out these details will allow everyone to confidently and quickly take action. A step-by-step plan should be written out and agreed upon prior to facing any breach. This will allow an organization to respond quickly and efficiently when the time comes.
    • Cyber Liability Policy
      The costs now associated with a breach can be upwards of $200,000 for small businesses and often lead to bankruptcy. The costs follow a breach can now include:

      • IT forensic costs
      • Credit protection costs
      • Crisis management costs
      • Breach of contract claims
      • Negligent protection of data claims
      • PCI fines and penalties and assessments

      A cyber liability policy has become an absolute necessity for any organization. As these cyber attacks evolve, the damages associated with them also increase.

Get Started With ProWriters

As cyber attacks become more and more common, it’s now a matter of when, not if, your clients’ may be affected. A cyber liability policy is now an important part of all cyber security best practices and provides the necessary protection from these imminent threats.

To learn more, contact a ProWriters expert today or call 484-321-2335 with any questions.

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