Many businesses are at risk for a data breach. Almost just as many businesses don’t fully understand what the perils are. Data breach insurance is a great way to help mitigate your risks, but you should also try to familiarize yourself with the hazards.
- Employees: Insider risks are the most recognized danger to your company’s data. If you ever have to let an employee go, he or she may be able to access your company’s information and share it with the world. Disgruntled employees aren’t the only risk you have to watch for. Uneducated and careless employees can cause just as much trouble. Train your employees and terminate privileges when employees are let go.
- Third-Party Providers: Most companies turn to third-party providers to make their data more secure, but it can cause even more issues because of the use of remote access. Before you hire a third-party, make sure your data breach insurance will protect you.
- Mobile Devices: If employees use their own mobile devices to access company information, it can cause a huge problem. Make sure you implement mobile device policies to help reduce these breach dangers.How can you learn more about the hazards facing your company’s data? Your insurance agent may be able to help you learn about the challenges and reduce your risks through data breach insurance.