Business Insurance: Your Protection Against Data Breach

​Great companies are not the only ones that have a threat for server hijacks. Small businesses are also vulnerable to data breaches. There’s evidence that shows that a probability of 33.33% cyber-attacks can happen in small companies (those that don’t exceed 100 employees). If you have a business, especially if it’s online, you need to continue reading this article as it offers a primer about the data breach and how to safeguard your valuable commerce.

​What is Data Breach?
This is the release of protected or private information to the untrustworthy environment. The confidential information leak involves financial data such as bank information or credit cards, intellectual property of companies, personally identifiable information or PII, and personal health information or PHI. The cybercriminals typically target businesses that operate payment transactions and online customer data collection.

How Cybercriminals Work
They conduct careful and thorough research by looking for weaknesses in the company’s security. This means the vulnerability of your employees, systems, and networks to various risks that can impact negatively to the company and others.  The easiest way for the attackers to make their hateful motives is by having contact through a network. 

Hackers typically bait or trick employees of the organization into infiltrating sensitive sections within the business. Once they have the information that they need, they can track the operation of your company. This is a significant threat that can break the bank.

How to Protect Your Company
Things can go wrong sometimes. The issue can be an internal source or external source. Most prominent breach incidents have resulted in approximately 3 billion worth of losses in some acclaimed companies/corporations. Stealing protected information happens year by year. 

Hackers can find ways to get access to your company. But, you can protect your business by considering these:

• Organize end-user security awareness
• Make an encryption policy and impose it
• Set up intrusion detection and prevention
• There should be content filtering, especially when downloading files
• Perform regular vulnerability checks
• Ensure that your security software is up-to-date
• Employ insider behavior watching
  
  

One More Thing Before You Go
Protect your business by being vigilant and considering the tips mentioned above. For guaranteed protection, consider purchasing a business insurance plan to ensure stable operations of your business.

At Klamath Insurance Center, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (541) 882-5555. You can also request for a free quote by CLICKING HERE.