With all the recent news about viruses, data breaches and other computer-related crimes, you may be wondering if you are adequately protected.

Many standard commercial property and commercial liability insurance policies have gaps that can leave your business vulnerable to cyberattack. In 2015, instances of cyberattacks on websites reached more than 1 million per day, with almost 75 percent of websites having vulnerabilities.¹

Even if your company doesn’t have a website, other types of cyberattack such as “spear-phishing” and “ransomware” can target your employees or company resources. What would happen to your business if you were to have a sustained shutdown in your website, payroll systems, point of sale system or computer programs?

Here are some steps you can take to protect yourself:

• Never share passwords, even among trusted employees.
• Always lock your computer when you are away from your desk or station.
• Always use “strong” passwords involving multiple letters, numbers and symbols.
• Retain only the minimum customer data needed to process transactions.
• Always keep firewalls and antivirus/antispam software up to date.
• Only download from trusted websites and sources.
• Don’t use business computers for personal use.
• Don’t click on suspicious emails or links.
• Don’t enter unnecessary personal information onto websites.

If you still feel that you may be vulnerable, it would be prudent to hire a cybersecurity specialist, or contact your in-house IT department about other steps you can take to protect your business and your customers.

In addition, it is a good idea to discuss specifically tailored cyber insurance options with us. Our agents can help you select appropriate coverages to fit the needs of your business and give you an extra layer of protection in case the worst happens to you.

1. ^{Source: Symantec Corporation}