Cyber Security Awareness Tips

The survey polled more than 1,100 business decision makers to better understand what they believe poses the gravest threat to their business. Many leaders reported the risks they identified as their biggest concerns are also the issues their businesses are least prepared to address.

In fact, more than half (53 percent) of business leaders cited computer, technology and data-related risks as a major concern, with a particular focus on computer viruses and hacking. The top four risks survey respondents reported keeping them up at night are:

- Viruses infecting computer systems
- Security breaches by a hacker
- Unrecoverable loss of the stored data
- Potential theft or loss of customer and client records.

With thoughtful planning, businesses can prepare for and often avoid these risks. Some quick and easy steps a business can take include:

1) Working with an independent broker to ensure all manageable exposures are covered.
2) Ensure that employees are exhibiting behaviors that limit cyber risks.
3) Utilizing available resources to help understand and navigate the growing threat of cyber risks.

The amount of coverage a business or organization needs depends on its level of risk. Talk with an independent insurance broker about cyber threats to learn about solutions that help protect businesses of all sizes, across all industries.

Rick Fermon is a Licensed Commercial Property & Casualty Insurance Broker with East Coast Global Insurance and works with many of the best insurance carriers in the market today. Feel free to send a connection request and/or inquire about your businesses risk and exposure coverage needs.

East Coast Global Insurance LLC is an appointed broker in good standing with Travelers.

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