Business insurance needs to cover every aspect of your operation, including liability or loss exposure you face from online activities. This is especially important for companies with online storefronts or account-based online services for customers, but it affects any company with an online presence at all, even just a website and email. In addition to the right insurance coverage, you also need to understand a couple key small business cybersecurity tips to reduce your company’s risk.
Training Is Your Best Defense
Most cyber thieves and online fraudsters depend on social engineering tactics like phishing to get employees or customers to provide account information. Those credentials can then be used to access the system for criminal purposes. Building a comprehensive training program for every role from customer to company president is a necessary part of minimizing the risk of this kind of vulnerability.
Keep Hardware & Software Updated
The most important small business cybersecurity tips revolve around equipment maintenance. Since security is an evolving fight between criminals and those seeking to protect their assets, software updates to address vulnerabilities after exposure are a necessary part of staying safe. Similarly, timely upgrades to your hardware to take advantage of state of the art security are important. The right insurer can help you with these processes while providing other resources for risk management online, so do not be afraid to ask for help when you ask for a quote.