How to Protect Your Small Business From Cyber Crimes

Cybercrime is a very real threat that impacts businesses of all sizes these days. Phishing, cryptojacking, ransomware, hacking and identity theft are just a few of the many types of criminal activity that can result in data breaches and significant financial losses. If you haven’t taken the appropriate steps to prepare your small business for a cyber attack, you could become an easy target for an online criminal — and that could have devastating consequences for your company.

Methods to Protect Your Small Business From Cyber Attacks

You can implement several actions right now to reduce your business’s vulnerability to cybercrime:

  • Software Upgrades: Cybercriminals continue to become more sophisticated. Installing the latest cybersecurity software upgrades is essential for staying one step ahead of the crooks.
  • Data Encryption: Encrypting your business’s sensitive data will render it useless if it falls into the wrong hands. Most operating systems now come with data encryption software — make sure you activate it on all of your company’s computers and mobile devices.
  • Develop a Cybersecurity Mindset: Teach your employees to make cybersecurity a top priority. For example, train them not to open unsolicited emails or attachments, and make sure they’re following stringent password creation and protection protocols.
  • Back up Your Data: A breach can cause your business to lose a high volume of data. Regularly backing up your data can ensure you’ll be able to continue your operations without interruption in the wake of a breach.

The Importance of Small Business Cyber Liability Coverage

Even if you’ve implemented the most stringent cybersecurity measures, a data breach can still occur — and you and your company can be held liable for any resulting damage. Cyber liability insurance from Kokkoris Insurance Services can protect your business’s assets and prevent a financial disaster in the event of a malicious cyber attack. This insurance coverage should play an integral role in your overall cybersecurity strategy.

What Does Cyber Liability Insurance Cover?

Small business cyber liability coverage pays for many of the expenses associated with a cyber attack. Depending on the plan you choose, it can cover the lost revenues resulting from a data breach, crisis and reputation management services to limit the damage to your brand and investigative services to pinpoint the source of the breach or attack. The insurance can also pay for the cost of credit monitoring services you provide to your customers, so they can determine if the attack has adversely affected their credit and finances.

Why Choose Kokkoris Insurance Services to Protect Your Small Business From Cyber Crime?

Astoria-based Kokkoris Insurance Services has been helping New York City-area businesses like yours safeguard their assets for more than 25 years. Our dedicated team of insurance professionals will work with you choose comprehensive, cost-effective small business cyber liability coverage that will give you peace of mind.

Contact us to learn more about your coverage options and to receive a no-obligation quote today.