Two Myths and Ten Cyber Security Tips
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Myth #1 - Cyber is not an important insurance coverage for your business.According to a newly released study from Experian and the Ponemon Institute, 76 percent of large businesses (those with 500 or more employees) say protecting against a cyber-security exploit is as important, or more important than safeguarding against a natural disaster, business interruption or fire.
The study, titled "Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age," also found that companies of all sizes are increasingly looking to cyber insurance as part of the solution for managing the risks posed by security incidents. Of those with a policy, 30 percent have experienced an exploit or a data breach and submitted a claim.
Myth #2 - If you're a small company, you wont be targeted.If you think your business is too small to be an attractive target for cyber criminals or you dont have anything worth stealing, think again. The 2012 Data Breach Investigations Study by Verizon shows that in 855 data breaches they examined, 71 percent occurred in businesses with fewer than 100 employees.
Ten Steps to Protect Your Business from Cyber Attacks
- Develop a mobile working policy and train staff to adhere to it.
- Produce user security policies dictating acceptable and secure use of your organizations systems.
- Establish an incident response and disaster recovery program.
- Outline an effective governance structure and determine your cyber risks.
- Limit employee cyber privileges and monitor user activity.
- Create a policy to control all access to removable media.
- Monitor all systems and networks and continuously analyze activity logs.
- Apply security patches and ensure the continued secure configuration of all information and communication technology.
- Scan for malware across your organization.
- Test security controls and filter out unauthorized access and malicious content.
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