CYBER LIABILITY INSURANCE
TIPS TO PROTECT YOUR SMALL BUSINESS FROM
CYBER THREATS
• Consult periodically with an IT firm
(appropriate in scale) specializing
in cybersecurity to help establish IT
security methods and policies for
your business. They can suggest a
contemporary approach to emerging
and constantly adapting risks. • Insurance is a critical line of defence,
but it should be your last line—a safety
net when all other methods of walking
the cybersecurity tightrope fail. First,
identify and manage your risk and
fortify your operations against cyber
threats.
• Anti-malware, anti-spyware,
and firewalls are basic security
mechanisms that each business must
employ if they are storing data of any
kind (their own, their clients, or even
vendor data). Data encryption, regular
off-site backups of data, and employee
training in practices such as phishing
are just as essential. • Investigate your responsibilities
as a business operator under the
information protection legislation in
your province and ensure that your
IT practices, cyber incident response
plan, and cyber liability insurance will
help operate within that framework.
When you find that they do, you’ll
simultaneously minimize your
vulnerability to cyber threats.
•
An incident response plan is necessary
to help you navigate a course to
recovery should your business suffer
the disorienting process of a data
breach or similar cyber event.
To find out more about how to protect your
business, contact Waypoint Insurance
at 310-8442 and connect with our
commercial specialists today. +
BY: PATRICK HICKEY
Patrick Hickey is an Account Manager in
our Nanaimo location. Patrick supports
Waypoint Commercial brokers and
clients through his extensive knowledge
of the commercial insurance marketplace.
Contact Patrick, or any one of our
Waypoint Specialists, at 310-8442 or visit
us online at waypoint.ca.
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