mrisk logo bar
Fall 2019   Volume 29, Number 4        

10 Tips for Reducing Cyber Liability Threats

  1. Protect against viruses, spyware, and other malicious code. Make sure all computers are equipped with antivirus software and anti-spyware and updated regularly.
  2. Secure your networks: Safeguard your Internet connection by using a firewall and encrypting information. Make sure your Wi-Fi network is secure and hidden.
  3. Establish security practices and policies to protect sensitive information: Establish policies on how employees should handle and protect personally identifiable information and other sensitive data.
  4. Educate employees about cyberthreats and hold them accountable: Deter employees from introducing competitors to sensitive details about your firm's internal business by informing them about how to post online in a way that does not reveal any trade secrets to the public or competing businesses.
  5. Require employees to use strong passwords and to change them often: Consider implementing multifactor authentication that requires additional information beyond a password to gain entry.
  6. Employ best practices on payment cards: Work with your banks or card processors to ensure the most trusted and validated tools and anti-fraud services are being used. Do not use the same computer to process payments and surf the Internet.
  7. Make backup copies of important business data and information: Regularly backup critical data on all computers and store in the cloud or offsite.
  8. Control physical access to computers and network components: Prevent access or use of business computers by unauthorized individuals. Make sure a separate user account is created for each employee and require strong passwords.
  9. Create a mobile device action plan: Mobile devices can create significant security and management challenges, especially if they hold confidential information or can access the corporate network.
  10. Protect all pages on your public-facing websites, not just the checkout and sign-up pages.

Source U.S. Small Business Administration (for the complete description, see As an additional precaution, you may also want to consider cyber liability insurance.

[return to top]





In this issue:

Risk Tip

How to Understand an Insurance Policy

Marijuana, Workers' Compensation and the Workplace

Remote Workers Pose Huge Cyber Liability Threat

10 Tips for Reducing Cyber Liability Threats



The information presented and conclusions within are based upon our best judgment and analysis. It is not guaranteed information and does not necessarily reflect all available data. Web addresses are current at time of publication but subject to change. SmartsPro Marketing and The Insurance 411 do not engage in the solicitation, sale or management of securities or investments, nor does it make any recommendations on securities or investments. This material may not be quoted or reproduced in any form without publisher’s permission. All rights reserved. ©2019 The Insurance 411. Tel. 877-762-7877.