Cyber security is not just for businesses. If you use technology there are things you can do during Cyber Security Awareness Month to help protect your personal information at work and at home.
Protect Your Personal Information
Be careful when sharing personal and financial information online. Check that the website is secure when you are giving out any form of information. Also, watch for privacy settings on your devices and the website’s you’re browsing.
Manage Your Passwords
This is easier said than done, but having different usernames and passwords for your accounts will prevent someone who manages to log into one account to log into many of yours. Additionally, change your passwords periodically and make them hard to guess by combining letters, numbers, and characters. Be wary of saving your passwords on your devices, especially if they are not secured with a strong password.
Take Preventative Measures
There is a lot of different software you can get to protect your devices and information. Turn on your firewalls and anti-virus software to prevent hackers or bots from accessing information they shouldn’t be. Make sure you do backups often, both local and offsite. Your systems should be tested often. Also, hire a managed technology solutions team to make sure you’re systems are secure.
Update Your Systems
When your computer, website, or phone has an update, part of the update may have fixes to security issues that were discovered in the previous version. So stay up to date on the latest operating systems on your devices.
Watch Your Email
Be careful not to open emails or attachments from people that you don’t know. Never click links within these emails. If you’re ever in doubt when you have gotten an email from a website you’ve visited, use the normal link that you would use to access a website and not one in an email. This is common with banking and credit card emails.
Whether you’re a business owner or a parent, educating others that use your devices or handle your information is important. Social media sites often hold a lot of data, including your location. Also, having accounts that many people share access to can increase the risk of a security breach.
Who Is Cyber Insurance For?
Even if you have Cyber Insurance, the process of handling a loss of data can be a long process to mitigate. With all of today’s technology, cyber insurance has become a necessity for businesses. There are many laws regarding how businesses obtain, manage, and store personally identifiable information. Any loss in your customer database or your businesses information can cause a lot of harm, including the loss of customers trust in you.
New rules in the Canadian Digital Privacy Act (PIPEDA) are going into effect as of November 1st, 2018. Among those rules is the new mandatory notification of any data breach. Organizations will be obligated to promptly notify the affected individuals, third parties, as well as, the Privacy Commissioner of a data breach that can harm any individual known as ‘significant harm’. Failure to comply with any aspect of the mandatory data breach reporting and notification requirements can lead to fines of up to $100,000 per violation.
The new rules will increase the already strong and growing interest in Cyber Liability insurance in Canada. Cyber coverage could cover investigation, notification, liability, defence and other costs associated with responding to data breaches. The introduction of mandatory breach notification rules has significantly increased the need for Cyber Insurance.
See how BSI Insurance Brokers can help you with Cyber Insurance coverage. For more information, contact your nearest BSI Insurance Brokerage.