What Is Cyber Risk?
Cyber risk is the risk of financial loss or disruption to a business associated with the exploitation of its IT systems. Cyber risk takes many forms, from hackers gaining access to your information via complicated security exploits to something as simple as your employee misplacing a device containing sensitive information. Although it may seem like the human element is removed from cyber crime, human errors like misplaced phones and phishing scams that target employees are some of the biggest threats associated with cyber crime. With this in mind, how can you protect your company?
How Can I Protect My Company?
There are a few basic things you and your business can do in order to effectively mitigate cyber risk such as securing your IT infrastructure and educating your employees about the common scams used by hackers. Your website is another common entry point for hackers, so make sure you keep it secure. A hijacked website is bad for business, affecting everything from your google page ranking to customer perception of your business.
While there is a lot you can do to protect your business, the bottom line is this: even with secure infrastructure and well-informed employees you will never get rid of cyber risk completely. Hackers are continually getting more sophisticated and new exploits are found daily, so even companies on the bleeding-edge are vulnerable to cyber attacks. This is where cyber insurance comes into play.
Why You Should Get Cyber Insurance
Cyber attacks are a huge liability to your business, and even the most elaborate plans aren't enough to completely protect you. A larger business may be able to absorb the impact of a cyber attack and call it a lesson learned, but for a smaller business, even a single attack could mean closing down for good. Fortunately, many forward-thinking insurance companies are now offering cyber insurance to protect businesses from the financial loss associated with cyber attacks and security breaches.
At Summerlin-Roberts we understand that every business is unique. Some potential exploits may not apply to you, which is why we offer cyber insurance with a personalized risk assessment. We help you by pinpointing the areas where you're most vulnerable to attack, offering solutions and ultimately providing financial security in the case that you are the victim of a cyber attack. We do our best to make sure it doesn't happen, but if it does we have you covered. Contact us today to learn more about our cyber insurance and risk assessment.