Cyber attacks are happening more often and they are costing companies a lot of money. In today's online world, keeping your business safe from cyber threats is crucial. But how do you ensure you're doing enough?
Why Cyber Safety Matters
More businesses are facing online threats, especially over the past few years. This has made cyber insurance – a kind of protection against these threats – more expensive and harder to get.
The Limit of "Checking the Boxes"
Many businesses follow safety checklists provided by experts. While these checklists are helpful, they don't guarantee complete safety. It's like locking your front door but leaving the windows open. Just following a list might make you feel safe without actually being safe.
What Insurance Companies Want
Insurance companies have become stricter. They now want to see that businesses are not just following checklists but are also actively finding and fixing their unique safety gaps.
Some of the things they look for include:
Double-checking user identities
Managing special access carefully
Regularly updating and fixing software
Having a plan in case of emergencies
Regularly backing up important data
Know Your Risks
Every business is different. It's essential to understand what specific online threats your business might face. By knowing your risks, you can talk more effectively with insurance companies and get a protection plan that fits your needs.
The Importance of Being Prepared
Before getting cyber insurance, it's a good idea to assess your business's online safety. This means looking at potential threats and how they might affect you. Being prepared can help you get better insurance deals and, more importantly, keep your business safer.
Online safety is more than just following a checklist. It's about understanding and preparing for the unique threats your business might face. By being proactive, you can keep your business safe and secure in the online world.