Managing cybersecurity risk

The field of cybersecurity keeps evolving since cybercriminals and malware programmers keep developing newer and newer threats. According to McAfee, 100,000 new computer viruses are made every single day and released into the Internet. When one is aware of these threats, it can be quite scary to do business since a cybersecurity breach can negatively impact customer trust and ultimately, business continuity.

To better protect your company from these threats, you will need to invest in software and training. First and foremost, depending on how big your computer network is, you will need to purchase licenses for cybersecurity software like antiviruses, antimalware, firewalls, and encryption. Usually, the bigger the operations, the more specialized the protection.

After investing in software, you should also invest in the education and training of your employees. The most reliable and secure layers of cybersecurity are often the software, but hackers can dupe employees into letting them in through social engineering techniques. This is why you need to train employees into spotting scams and attempts to pry information from them.

Your employees also need to learn good cybersecurity hygiene, which means enforcing habits for the protection and privacy of data, such as using very strong passwords as account protection. They should also avoid clicking on links in their email, however innocent the link may seem.

By doing this, you're on your way to better cybersecurity protection for your company.

Risk management professional Michael Saltzstein specializes in alternate risk financing, loss control, technology solutions, workers' compensation, safety, occupational health and safety, crisis leadership, strategic alignment, change management, self-insured/deductible analysis, actuarial studies, retain/transfer decisions, win-win negotiations, coverage evaluation, and growth strategies. In the past, he optimized award-winning risk programs, economic strategies, reserving, and best practices and state-of-the-art coverage. For similar reads, click Michael Saltzstein..