During the pandemic, millions of Americans had to adjust to being quarantined at home. This led to many companies to rely on their employees to work from home. A compromise that benefits the business and employees. This change has caused many companies to consider allowing their staff to work from home on a regular basis. However, it is important to think about cyber security and what coverage you need to protect yourself and your business.
Working From Home Cyber Security Risks
GBK Insurance had many of its agents working from 2020. Although it allowed for work to get done, the company had to find a solution to security issues that came with the disruption of work life. Internet security has been a critical challenge in the digital age, especially for business. Distributing work has always had an increased risk to cyber threats.
However, employees that work from home have higher security risks. While computers at the workplace are on the same internet service and security system, an employee’s internet at home will be different. For most employees, their internet connections have less security. This makes it easier for hackers and criminals to break through their internet security. Furthermore, online tools and services that your company uses
But what effects can these risks have on your business?
Effects of Poor Cyber Security on Your Business
As mentioned above, employees’ personal internet services are less secure compared to the office. However, what risks and problems can your business face? Although the internet has become an integral part of the workplace, compromised internet connections can have a disastrous impact on your business. According to news articles, a business is breached every 39 seconds as a result of COVID. In addition, the money lost to cybercrime has reached 6 million and is expected to grow. This means breaches to your company can be devastating financially.
However, people lose more than just capital. Your business can lose its reputation, value, operations, and staff. After all, if you are stalled because of a cyberattack, it can make it impossible to meet the demands of your clients because your operation has been compromised. In addition, staff can negatively affect if their personal data is taken as well.
Getting Cyber Insurance with GBK
Cyber attacks are not limited to large businesses. Small businesses are at risk of suffering from cybercrimes. It is important to take every precaution to protect your data. While you can invest in VPNs and other security improvements, there is still a chance you can face a cyber attack. This is why GBK Insurance offers cyber insurance for small businesses. Cyber insurance helps mitigate the damage from a variety of cyber incidents, ranging from breaches, business interruptions, and network damage.
Protect your business and employees by investing in cyber insurance with GBK.
Contact us today to find how we can protect you from losing everything during a cyber attack.