Cybersecurity for Small Business
If you’re running a small business, you probably have some vital and sensitive information about your company and its customers stored online. 63% of small businesses have been victims of a cyberattack and 79% of them do not have a cyberattack response plan*.
Is your business a part of the above statistic? If it is, you need to get to work creating a response plan for when an attack happens. Things you must do are: (1) notify customers of any security breaches; (2) regularly change passwords; (3) secure payment systems; (4) conduct frequent security audits; (5) consider hiring a cybersecurity firm to find weaknesses in your systems and procedures; (6) get a cybersecurity insurance policy. According to Jack J Landers of Teague Insurance in San Diego, these insurance policies are affordable and provide a wide array of policy limits. Many carriers are even offering extra coverage endorsements that can even be added on to their General Liability/Package policies at very low cost.
*Louie Beaupre, “Smarter Office Blog”, 2016.