Cybersecurity Best Practices for Businesses

 October 1, 2019     UFG Insurance    Business 


It's easy to think that it won't happen to your own company. What would hackers want with your data when there are so many other fish in the pond? In reality, cyber attacks have never been more prevalent than they are now. According to the 2019 Official Annual Cybercrime Report published by Cybersecurity Ventures, every 14 seconds a business will fall for a ransomware attack. As the fastest growing crime in the U.S., it's important that your business protects itself from data breaches and attacks.

Create a written policy

Writing a fully thought out cybersecurity policy can work to serve a dual purpose. Not only does it help your IT team verbalize what needs to be done to keep your company safe, it also serves as a guide for all employees to know what to look for. It helps to keep everyone in every department on the same page.

Enforce strong passwords

Setting up unique and secure passwords is a simple way to help create that first boundary between your company and potential hackers. These passwords should utilize upper and lowercase letters, numbers, symbols, and should be changed on a regular schedule. Along with having a secure password, your company should implement two-factor authentication. This requires your employees to have a secondary way of logging in, with the most common being a code that is texted to a cell phone number associated with the login information.

Avoid unknown emails and links

One of the largest threats comes in the form of phishing emails. These emails look like they are coming from a trustworthy source in order to get their victim to click on a link or provide sensitive data and information. It's important to utilize spam filters to catch these emails before they get through to your employee's inbox, but you should also inform your team to double check the sender and any links before clicking on them.

Install security software updates

Hackers are constantly evolving their techniques and new malware is coming out daily. Keep your security software up-to-date and make sure you're backing your data up in a different, secure location to help fight these attacks. Often times after a breach, these criminals will hold your data ransom until you pay them. Don't give them this option.

Embrace education and training

Similar to creating your cybersecurity written policy, educating and training your employees is important so they know what to look for, how to prevent it, and when to let your IT team know about any hacking attempts or suspicious items they might come across. 

The same Cybersecurity Ventures report predicts that cybercrime will cost the world in excess of $6 trillion annually by 2021. Follow these tips to help keep your company protected, and contact UFG to get your insurance quote to prevent the unthinkable from happening. 

The information provided is for informational purposes only. Every attempt is made to ensure that the information is accurate; however, it is not intended to replace professional advice. For more information, see Disclaimers & Other Legal Documents.