The need for cyber deception insurance continues to grow as hackers become more and more sophisticated. No industry is immune to a cyberattack. These three tips can help your business be better prepared when a threat looms large.
The insurance firm AXIS states cyber attacks and threats are on the rise for businesses across industries. A cyber insurance policy helps cover financial losses incurred due to a data breach or other malicious attack on your network. It steps in to help during this time of crisis.
Once you have insurance to back your business up, you need to create and implement a response plan. Create a plan that deals with different types of incidents such as malware or spear-phishing attack. Implement a chain of command for implementing the plan should an attack happen.
As part of your response plan preparation, your business needs to have effective network security in place. The many available monitoring services can help detect suspicious activity. In many cases, the right programs can stop an attack before it becomes a problem. Spend time researching the various options to choose the best one for your business.
Cyber deception insurance is one way to protect your business against the growing risk of cyberattacks. By creating a robust response plan backed up with network security, your business can further decrease the risks of an attack from outside.