Tend to your small business’s cybersecurity risks without breaking the bank.

Cyber attacks and breaches are becoming so common that all businesses are at risk. Although your small business may not have the funds to implement the highest tech to protect data, there are some practices and insurance policies that you can actively use to safeguard your company. Putting up your defenses doesn’t have to break the bank – here’s how to develop a cybersecurity plan on a small business budget.

• Conduct a cyber threat assessment.

Do a thorough review of your network, software, and data to see where your vulnerabilities lie. Perhaps you have a weak network or sensitive data that can be accessed by any computer in the business. Understand what you need to do to protect your business.

• Implement policies.

Create cybersecurity policies for your company and its employees. Include guidelines on password strength, remote work, and bring-your-own-device options. This helps your employees keep data safe without having to put defenses up immediately.

• Embrace the phone for confirmation.

A classic mistake is relying on email to initiate or finalize financial transactions. Instead, call up the bank, vendor, client, or employee before completing a transaction to confirm their identity and amount. Consider implementing a two-step confirmation process so that funds are extra protected.

• Don’t skimp on cyber security insurance.

If the worst does happen, you want to know that you have insurance to protect you. Cyber liability insurance is there to help your business recover, giving you financial assistance when you need it the most. It may seem tempting to choose the cheapest option, but the right insurer will find you quality coverage without stretching your budget.
Are you ready to secure your business with the needed cyber liability insurance? Contact Young Insurance to get started on your Burbank, California policies today.