Topics: AmTrust News Cyber Liability Risk Management
One of the best ways to protect your data and guard against cyber exposure is to make sure there aren’t any cyber exposures undefended. To do that, we recommend regularly completing a Cyber Security Risk Assessment. During this analysis of the client’s cyber risks, consider the following:
Employee Training All employees should be trained on the importance and methods of data security. Both physical and digital records should be safeguarded at all times, and confidential information about clients, employees or corporate affairs should always remain secured.
Data Quality Old data should be properly archived or deleted based on local and federal laws, and company policies. A data breach can result in litigation.
Data Encryption All data, whether on a personal device, computer, or server should be protected by proper encryption. Companies in many states can benefit from safe harbor exemptions that only apply if the company can prove the data was encrypted before a breach.
Data Prevention Preparation While having a good procedure in place is a great way to prepare for a cyber security breach, an untested procedure could have many flaws. Practicing the data breach response plan offers the opportunity to uncover and plug any holes in the plan before there’s an actual data breach.
Investigate Suspicious Files If malware is detected, or a user reports opening a suspicious file, don't take any chances. Assume that the malware has infected something, and don't stop investigating until you find out what, if anything, was breached.
Review System Communication Regularly review communication patterns on the network. If an employee’s computer is accessing other workstations or transmitting large amounts of data to somewhere outside of the network, this could be a sign of a compromise.
Run Scans Keep anti-virus and anti-malware programs up-to-date. Also, run vulnerability programs to look for missing patches and other security risks.
Check Your Credit Customer information isn’t the only confidential data on the server. Chances are, there's plenty of information about your company on there, too. Changes in your credit rating could be an indication of fraud.
A cyber liability insurance policy from AmTrust can help safeguard your company against loss and damage in a cyber attack. Contact an AmTrust agent today to find out how you can benefit from a policy, and how to protect your organization from cyber security attacks and other data breach threats.