Cyber risk is a topic that keeps evolving. At this point, we believe that every business needs to have cyber liability insurance. The methods that the cyber criminal’s use is always changing and we are constantly researching the latest prevention trends.
Cyber Risks Are Growing
Russian hackers recently stole over 2 billion online names and passwords. Home Depot had millions of customer credit cards stolen. A local restaurant recently had 1200 customer credit card numbers stolen, and finally a medical clinic had a lap top stolen that contained 5,000 patient’s names and confidential information. Every company is at risk for cyber theft and loss.
We can provide your firm with the right combination of pricing and coverage. Cyber risk insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.
Cyber Risk Prevention for Small Business
Here are some of the latest prevention trends from computer *experts:
Outsource credit card handling with a reputable vendor.
Use more complex passwords with a combination of letters, numbers and symbols. Here is an example (MP#09xT28S%).
Don’t save passwords on your computer.
Question your internet security at every level, including email. It may be time to encrypt all emails.
Use the latest security software.
Do not allow laptops to leave the office without proper security.
Train your employees on cyber security.
Do not use an open network.
If you have a standard business policy you may not have the right kind of coverage. Let us work with you to provide the right coverage. Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies to coverage that nearly every kind of business should have – if they don’t already.
When you buy insurance, whether it’s for your home, your car or your business, you want an advocate who will properly assess the risks you face and give you an objective analysis of the marketplace, it’s up to you to make the final choice. We are Independent Agents, free to choose the best carrier for your insurance needs. We do not work for an insurance company; we work for you. We work on your side when you have a loss and follow through to see that you get fair, prompt payment and service. Partners Risk Services represents a carefully selected group of financially strong, reputable insurance companies, therefore, we are able to offer you the best coverage at the most competitive price.