Protecting Your Organization Against Cyber Attacks

Cyber Attack Protection

In today's world everyone is susceptible to cyber attacks. In recent years, cyber attacks have emerged as one the more significant threats facing organizations of all sizes. According to a recent report from the information Systems Audit and Controls Association (ISACA), cyberattacks currently reign as the fastest growing form of crime. Some of the most common cyber attacks from 2020 were social engineering, ransomware, software update issues and web application attacks. These attacks can carry serious consequences for your organization-including lost data, disrupted operations, revenue loss, and legal fees. Consider the following measures to protect your organization from ransomware attacks:

Educate your employees.

The biggest threat to your cyber security is your employees. According to historical claim data analyzed by Willis Towers Watson, 90% of all cyber claims stemmed from some type of employee error or behavior. Train your employees on how to prevent and respond to a malware attack.

Implement smart software.

Install strong spam filters, anti-virus and malware programs, firewalls and patch management systems on all devices.

Enforce access controls.

Only allow trusted, competent and qualified individuals access to sensitive systems or data. Such as multi-factor authentication, VPN and remote desktop protocol.

Ensure business continuity.

Be sure to back up data frequently. In additional, conduct annual penetration testing and vulnerability assessments.

Ensure adequate cyber security insurance coverage.

It's crucial to secure proper insurance coverage to stay protected in the event of a cyberattack. After all, even with proper cybersecurity measures in place, attacks can still occur.

The below link is a Cyber Risk Exposure Scorecard. After completing all of the questions, total the score to determine your organization's level of cyber risk.

Cyber-Risk-Exposure-Scorecard Download

At Libertate, we want to insure that every organization is protected and prepared. We offer the following solutions and services for PEO's and their client companies.

• We have access to over 25 cyber carriers for the PEO.
• Master cyber programs to protect PEO client companies.
• Incident response platform to help identify cybersecurity issues. The cloud based platform has a 100% detection and close ratio. It is also backed by a $250K warranty should it fail the end user.
• Our experts can evaluate your current cyber coverage that is placed outside of our agency.

For additional cyber security guidance and insurance solutions, contact us today at sales@libertateins.com.

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The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.