Business Insurance Update
Have you thought that you or your employees are actually helping cyber criminals hack into your business? We read almost daily about data breaches involving a large corporation, government agency, or even political campaign. Do small to medium sized businesses have any chance to protect data, if the large corporation can’t? The answer is yes.
Cyber Liability continues to be a major issue for businesses in 2016. In today’s data-driven social media world, businesses of all sizes have had a cyber-attack or data breach. Statistics show that 39% of all cyber incidents affect businesses with fewer than 100 employees. New research also shows that about 80% of breaches involving small businesses are a result of poor employee practices.
Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies, to coverage that nearly every kind of business should have. Retailers, banks, contractors, distributors, restaurants, medical offices, and many other businesses are unaware of the severe data breach exposure they face. In short, any business not making an effort to protect personal private information is seriously out of step with the emerging landscape of privacy law.
Some Good Reminders:
- Only use a secure Wi-Fi network.
- Never allow employees to use open networks for work purposes.
- Think twice before allowing employees to use smart phones for work.
- Only click on email links that are from known sources.
- Log off all accounts at the end of the day.
- Create complex passwords. Use a combination of numbers, caps, and letters.
- Limit use of any laptop where any customer data is stored on the device.
Worthington Insurance specializes in competitive auto, home, contractor and business insurance as well as insurance in Philadelphia, Yardley, Morrisville, Langhorne, Newtown, Bensalem, Levittown, Bucks County and surrounding areas in Pennsylvania and New Jersey.