Aiding Clients with Concerns Over Cyber Risks

With the recent attacks on Home Depot, iCloud, and Target, just to name the headline grabbers, many companies have a raised awareness of their potential to be hacked and are willing to listen to information pertaining to cyber risk and cyber security. Your clients concerns are your opportunity to help them in the battle to keep confidential material confidential.

Unfortunately, there’s no global delete button that can be pressed to simply erase your digital tracks. It would be an incredibly difficult task to even attempt, and any attempt at this would need to be done one web site at a time, be incredibly time consuming, and would garner only marginal success at best.

Because information is scattered everywhere in cyber space, it’s important to consider where valuable information is being stored. For example, how many web sites are storing customer credit card information? How many keep employee social security numbers and other personal info online? Many important documents, files, and videos are stored across the web daily. All of this sensitive data associated with various sites is up for grabs for hackers with the knowledge of how to get at this information for their own use. This is why cyber insurance is such a valuable tool in the fight against cyber theft.

Prioritize all of the most sensitive accounts

Suggest to your clients that they take inventory, and do some housekeeping, which will allow them to prioritize the most sensitive accounts and ensure they’re elevating their security levels in key areas to the highest available levels. They should prioritize their accounts by the sensitivity of the data, such as personal financial information, personal health records, etc.

They could have a classification of low, medium, and high for the levels of data sensitivity associated with each site they’re operating. Then, think about all of this sensitive data, and how much of an issue it would be if a particular account got hacked and someone had access to this information and could alter the data, make fraudulent charges, or even steal a customer’s identity?

Another key factor is for clients to set the strongest possible access control and authentication for their priority accounts. For example, for these priority accounts, they should elevate their security and privacy settings for each and every one.

Setting stronger passwords, regularly changing security questions, moving to higher levels of authentication where available, and implementing higher privacy settings can make a huge difference. You owe it to your clients to make sure that they also insure against cyber risk and cyber threats.