Are you Cyber Secure?
When was the last time you thought about the cyber security within your business? Or when did you last review your in-house mitigation policies and procedures? Have you got a cyber disaster response plan in place? What would you do if your entire IT infrastructure was compromised?
With the changes to Mandatory Data Breach Notification legislation in early 2018, and with more legislation and law amendments anticipated – there is no better time than now to assess the cyber security and mitigation procedures within your business.
WSIB’s Top Tips on Cyber Security;
1. Regularly Back up Data
Back up data frequently and store your backups off site and off your network to mitigate the risk of these being infiltrated should your system suffer a cyber-attack.
2. Update your Software and Install Anti-Virus Protection
Updates are often designed to strengthen cyber security so ensure these are done in a timely matter. Additionally, Anti-Virus Protection should be in place to guard against the ever-evolving threat from viruses.
3. Segregation & Verification Procedures
Segregation procedures should be in place to ensure at least two people are involved with fund transfers, deposits, issuance of cheques, stock control, adding new vendors, or adding new employees. It is further recommended that verification procedures are carried out to authenticate requests to change supplier or customer bank account details, or where large payment requests are received via email, regardless of who they seem to have been received from.
4. Cyber Incident Response plan
Develop a Cyber Incident Response Plan to ensure you can effectively and efficiently deal with an incident. Your Cyber Incident Response Plan should take into consideration the wide range of cyber exposures, from identifying what is a notifiable data breach to an entire system extortion threat.
5. Cyber Insurance
Speak to your Account Broker about how Cyber Insurance can provide further protection to your business.
Contact your Account Manager should you wish to talk about your Business and Cyber Security further.