Protecting Your Business From Cyber Risks

Password protection and Multi-Factor Authentication is the simplest and most important cybersecurity measure your business can take. Artificial Intelligence has the capability to hack a 7 character complex password instantly, but 13 character complex password can take up to 47 years to hack. Without Multi-Factr Authentication, if your password is hacked, your accounts can be accessed and your data can be stolen and you won’t be alerted until it’s far too late. Some of the largest data breaches in the last 5 years have started by hacking a user’s password.

Endpoint Detection and Response software is a modernized and more capable antivirus software that monitors endpoint activity while learning the behaviors to effectively block and prevent data breaches. If a breach occurs, EDR mitigates the breach to the best of its ability and also provides analytics and forensics data to investigate the breach. This allows users to discover causes of potential breaches and configure their networks to prevent future attacks.

Properly backing up your business’s network data is crucial for cybersecurity and minimizing the downtime and cost of a network failure or breach. A very low percentage of businesses are able to survive a network breach without a regimented data backup system in place, and the longer your network is down, the more it costs. This is an important part of cyber insurance underwriting, and by having these systems in place you are keeping your insurance premium down and protecting your business.