In today’s world, all of our information travels over digital wavelengths. The internet remains the best way to share information quickly and more efficiently. With the right type of internet security in place, we can share our most confidential information online. However, even with all of the protections available, cyberattacks can rob us of vital information and damage our devices. Having a cyber insurance policy is the best way to protect all of your confidential information and protect yourself from the damaging effects of a cyberattack.
Protect Your Confidential Data
Lost data can rob you of your financial security. Confidential information that is stolen from the internet can be irreversibly compromised and damaging to your company’s future. In some cases, you may never be able to recover your data. This includes business plans, employee records, trade secrets, and any other important information that your company thrives on.
Beware of Unsafe Networks
Many companies provide employees with laptops, cell phones, and other electronic devices that they can take with them when they leave work. Losing these devices or connecting to an unsecured internet network can expose all of the information that is stored on that device. Therefore, it is important not to keep any personal or confidential information on your mobile devices and laptops that you have from work. It’s also important to avoid connecting to networks that are not secure.
Work out the Post-Breach Process
If a data breach occurs and compromises any of your company’s files, you must contact your customers and notify them of the breach immediately. In this case, hiring an attorney and using a breach response vendor will help you work through the post-breach process. Breach response vendors can expedite the notification process when informing your customers about the breach and how it may affect them. State law requires that notifications must be sent out to the affected customers within a specific period.
Call for Computer Forensic Experts
Computer forensic experts can identify where the breach occurred, what type of information was accessed or stolen, and how extensive the breach was. It also determines whether or not your customers’ private information was compromised in any way. With a cyber policy in place, your business loss and any additional expenses will be covered while you work your way through the recovery and restoration process.
When you own a business, you are responsible for all of your assets. This includes any information you may use during the operation of your business. From customer records to trade secrets, it’s up to you to keep it secure. If a breach occurs, you need to have a cyber policy in place to prevent your business from bearing the brunt of the financial loss.
If you have any questions related to cybersecurity and how a cyber policy works, contact the agents at Chambers & Company Insurance Brokers. Our team is here to explain the intricacies of a cyber insurance policy and how it will protect your business in the event of a breach. Contact us today!