Why firming up cyber defences is good business

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Modern findings from leading UK commercial insurer Aviva in its Pulse measurement reveal almost half are not convinced they are at risk.

But over 30 per cent grant they do not know what they would do if their enterprise was attacked.

The exact same proportion revealed they had already fallen victim to crimes such as slave, phishing and identity theft.

Yet of those who had suffered 75 per cent said it had get up £1,000 to put things rights.

Costs were wide-ranging and included dying of money, charges to fix the problems, re ir of reputational damage, retrieving assets or guru property and even yment of ransom demands to get information back or set access restored.

There was only limited awareness too of growing damoclean swords such as pharming, where internet users are directed to a bogus website spoofed up to look like a genuine one or cyber attacks that freeze a house’s operations.

Angus Eaton, managing director of commercial lines at Aviva, said: “It is a blunder to think criminals will only target big business.

“These wrongdoers operate in ever more sophisticated ways using malicious principles to search out vulnerabilities online so anyone could become a target.

“Conserving your business from cyber crime is good business because your fellows want the reassurance that their data is safe in your nears. If you haven’t done so already now is the time to put cyber risk on your agenda and diminish action to help prevent your business becoming a target.”

To donjon the hackers at bay, Aviva suggests these essential measures:

* Encrypt your facts – this means that only the other computer you are sending low-down to can decode the message you are sending

* Have a security process in place to publicize safe computing in the workplace, for example don’t open suspect emails or attachments

* Secure sure all data systems have sswords and change them at not much quarterly

* Make sure those sswords are at least 8 characters protracted and a combination of letters, numbers and symbols and don’t encourage sharing of sswords with anyone

* Secure firewalls and antivirus software are all active and up-to-date

* Back up your materials regularly and keep copies away from work premises

* Put an set-to /response plan in place to help you understand what you need to do in the affair of a breach/cyber attack – for example, who would you contact and how

* Vet your checking provider’s security procedures to ensure their security systems are shelter and update your systems and software regularly

* If an attack would send your role into lockdown, look into cyber insurance and speak to your stockbroker

As well as cyber cover, Aviva offers risk management adroit services to help firms pre re for and recover from data shrinkage or breaches. Visit: aviva.co.uk/yourbusiness/risk-management/cyber-crime

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