Cyber Security Isn't Just a Big-Business Concern

Last Updated:
October 5, 2020
Ole Jensen
Time to Read:

High-profile cyber attacks have raised awareness of the growing threat of cyber crime and large corporations aren’t the only targets.

The stats are concerning: only 25 per cent of small business owners have had a third-party test their computer systems, and nearly 40 per cent do not have their data backed up in more than one location.

Despite these cyber security exposures, 85 per cent of small business owners believe their company is safe from hackers, viruses, malware, and/or data breaches. Furthermore, more and more large companies are becoming more serious about data security.

These facts lead to small businesses becoming increasingly attractive targets.

Many attacked companies feared the cost of making cyber security improvements would be too prohibitive, therefore put off making the necessary improvements.

The following list is a great place to start securing your business.

  1. Train employees in cyber security principles.
  2. Install, use, and regularly update antivirus and antispyware software on every computer.
  3. Use a firewall for your internet connections.
  4. Download and install software updates for your operating systems and applications as they become available.
  5. Make backup copies of important business data and information.
  6. Control physical access to your computers and network components.
  7. Secure your Wi-Fi networks.
  8. Require individual user accounts for each employee.
  9. Limit employee access to data and information, and limit authority to install software.
  10. Regularly change passwords.

This list is simply a great start. We recommend having a third-party complete a review and complete a Cyber Liability Insurance application.

Cyber security is a serious concern for businesses of all sizes.

Contact Scrivens to learn how our risk management resources and insurance solutions can help protect your business from cyber attacks.