Working from Home: Business Data Security - Risks, Repercussions, Prevention, Protection

As companies and government agencies send their employees home to avoid contact with the coronavirus, many cyber-security teams are facing the unenviable challenge of securing sprawling, vulnerable networks.

Every time an employee connects to their corporate network from home, they’re creating possible access points for hackers to exploit. Here are some tips that can help your business...

Risks: What are the current risks for data intrusion, theft, and hijacking?
Today’s information highway is ripe with potentially catastrophic exposures from:

• Hackers scanning the internet every 4 hours exposing system weaknesses.
• Employees being tricked into opening false and clever phishing emails
• Infected personal devices transferring outside problems into your business

Repercussions: What happens when someone has access to my company and client data?
A targeted attack on your business damages your bottom line in many ways including:

• Downtime – lost data equals lost revenue by stopping workflow, production, and increasing exposure to costly regulatory fines. 
• Reputation – Customer trust is hard to earn and even harder to repair
• Devastation – 52% of businesses fail to survive a catastrophic data loss.

Prevention – What can I do to make it harder for my data to be accessed by unauthorized people?
The number one way to prevent invasion of your business data is to be prepared by:

• Backing up, monitoring and testing data and its recovery
• Ensuring strong and unique passwords to avoid the 1,500 data breaches and 1 BILLION passwords stolen yearly
• Controlling who has privileged authorization to your system
• Building a multiple layered network security system that keeps threats at a distance where they are caught and disarmed 

 
Protection – What can I do if my data does get hacked or stolen?
The number one way to protect your business from liability, is to get a Cyber-liability insurance policy. This type of coverage will help to:

• Liability: Covers defense costs, settlements, judgments and, sometimes, punitive damages incurred by a company as a result of a data breach event.
• Loss/Data Corruption: Covers damage to, or destruction of, valuable information assets as a result of viruses, malicious code and Trojan horses.
• Business Interruption: Covers loss of business income as a result of an attack on a company’s network that limits its ability to conduct business, such as a denial- of-service computer attack. Coverage also includes extra expenses, forensic expenses and dependent business interruption.

For More Information on Data Protection Contact:
Agile Enterprise Management

For More information On Cyber Liability Insurance:
Text/phone: 714-900-2363.