At Prosper Insurance, we realize that safeguarding your business isn’t just about securing physical assets and protecting against lawsuits.

Cyber Insurance has become a necessity for all businesses, big and small, old and new. Businesses rely heavily on technology, so it becomes crucial to protect your business from potential cyber threats or data breaches. 

Prosper Insurance can help you get policies that protect against these types of cyber threats: 

  • Loss or damage to your business’s electronic data 
  • Breach of customer, client, and employee confidential data 
  • Infecting others (often unknowingly) with damaging computer viruses 
  • Cyber extortion and ransomware 
  • Wire transfer fraud (often called social engineering) 

Here are a few ways to help prevent cyber-attacks: 

1. Educate Your Team 

Regularly educate your employees on the latest security measures and raise awareness about phishing emails. Provide employee education training or tests to help your team know the difference between a real email or phishing email.

2. Strong Passwords

Passwords can be easy for hackers to figure out if it has to do with personal information like a birthday, dogs name, childs name, or college.

Here are some tips to create a stronger password;

  • Contains at least 15 characters
  • Auto-generated by computer
  • A different password than used before

3. Multifactor Authentication

Multifactor Authentication or Two Factor Authentication allows you to opt-in to extra security when logging into websites or apps to confirm you are who you really are. Examples are typing in a pin number, password, text code or faceID after you login. The second step adds extra protection, making it harder for a hacker to get in to your accounts.

4. Keep Software’s Up to Date & Network Security 

Regularly update all software, and computer systems. Implement a firewall to protect your network. 

Being prepared for cyber-attacks is crucial for businesses of all sizes. Implementing strong cybersecurity measures, such as firewalls, encryption, and employee training, can significantly reduce the risk of cyber-attacks. However, even with the best preventive measures in place, no business is entirely safe to cyber threats. This is where commercial insurance steps in, providing an additional layer of protection and financial support in the face of cyber-attacks. 

Prosper Insurance works with over 30 insurance partners to find you the best coverage at a reasonable rate so you can feel confident your business is protected in every way.

Speak with a commercial agent today at (757) 248-5973 or visit our commercial page to request your quote!