Entities that take the appropriate measures before a cyber-event occurs are better equipped to minimize the damage that may result.
Learn more about what to look for in a cyber-insurance provider.
When your cyber security isn’t air tight, data can get out. And when data gets out, it can cost your business millions. In 2011, the average cost of a data breach was $5.5 million.1
So while October is National Cyber Security Awareness month, cyber security is a constant need. Because cyber threats and data breach threats are continuously evolving. And your employees and customers expect you to keep their private data secure. That means keeping sensitive data out of the hands of unauthorized users and keeping your cyber security measures up to date.
Cyber security helps companies of all sizes maintain the privacy of electronic data. Even small companies need cyber security. The erosion of trust between a business and its clients, customers, patients, employees or partners is detrimental. A small business may even have more to lose during a breach – a small customer base leaves little room for lost loyalty and a sudden downturn.
No matter the size of your organization, each and every person, from employees to executives to contractors, needs to be mindful of cyber security. It’s a team effort, and you don’t want any weak links. With that in mind, here are 10 steps that can act as a starting point in beefing up your data protection and help protect your company from cyber threats:
As you can see, cyber security is a big responsibility, and, unfortunately, it’s never foolproof. But when it comes to protecting your data from hackers, accidental loss or ill-intentioned employees, every effort is worth your while.
With hackers now using automated cyber attacks, no business is completely safe from data loss, making a data breach response plan just as important as cyber security. Know how to respond to a breach so you’re not caught off guard when one occurs.
1 2011 Cost of a Data Breach study, Ponemon Institute
2 2011 Cost of a Data Breach study, Ponemon Institute
3 SecurityCoverage, 2012
4 US-CERT Cyber Security Tip ST06-008