A traditional business liability policy is unlikely to protect against most cyber exposures and will do little to shield businesses from more serious damages.
Houston, TX (PRWEB) March 26, 2013
Technology and online visibility have become non-negotiable and required for any businesses’ success—but the amount of information stored in the cloud also puts businesses at great risk.
Online security exposures are vast, ranging from the content a business hosts on its website to stored customer data. Awareness of potential cyber liabilities is essential to managing risk through proper insurance coverage, advises President of Pasadena Insurance Agency, Inc., Frank Karkowsky.
“A traditional business liability policy is extremely unlikely to protect against most cyber exposures, like data breaches, intellectual property infringement, damages to a third-party system at your fault, system failure or cyber extortion,” Karkowsky said. “Standard commercial policies are written to insure against injury or physical loss and will do little to shield businesses from more serious damages and the associated costs they may incur."
Pasadena Insurance Agency, Inc. offers cyber liability insurance coverage and has the resources and know-how to help businesses identify risks and continue running smoothly in the event of an attack. For companies with sensitive information and data online, a cyber liability insurance policy provides far-reaching coverage, but to help protect businesses from common risks, Pasadena Insurance Agency, Inc. offers six techniques companies can implement for improved protection online.
1. Install a Firewall
Operating systems often come with pre-installed firewalls, but they are generally designed to protect just one computer. If a business has a network of five or more computers, consider buying a network firewall that provides coverage for an entire network.
2. Install Security Software
The installation of anti-virus, anti-malware and anti-spyware software is one of the easiest and most effective ways to increase security online. Software should be installed on every network computer. Devices without these types of software are much more at risk and can spread malware to other computers in the network. Once installed, keep software current.
3. Encrypt Data
If a hacker manages to get through a firewall and into a business network, data could be exposed. Encryption makes data unreadable and keeps computer drives, files and email messages safe from hackers.
4. Use a VPN
A Virtual Private Network (VPN) allows employees to connect to their company’s network remotely and provides a high level of security through advanced encryption and authentication protocols that protect sensitive data from unauthorized access. If a company has salespeople in the field or employees who work remotely, a VPN is the way to minimize cyber risks.
5. Password Policy
An effective password policy should require employees to change work passwords every 90 days. The policy should encourage the creation of easy-to-remember, hard-to-guess passwords that include letters, numbers and special characters. Passwords containing words from the dictionary or sensible combinations should never be allowed.
6. Back It Up
Important data should be backed up daily and in multiple locations, one being off-site. Off-site data is more protected from cyber risks and not exposed to physical attacks.
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About Pasadena Insurance Agency:
Pasadena Insurance Agency, Inc (PIAI) is a Trusted Choice® independent insurance and risk management firm. They are a third-generation, family-owned, boutique independent insurance agency offering property & casualty insurance, life & health insurance, and consultative risk management services to individuals and small-to medium-sized businesses.
In business for more than 75 years, they have access to the majority of the insurance marketplace either through direct appointments or intermediaries resulting in the appropriate alignment of insurance carrier to clients. PIAI offers a friendly, community-based agency with personalized customer service, while also providing the capabilities of a large corporate agency with established industry relationships and decades of experience. For more information, please visit http://www.pasins.com.