How’s your cyber health?

Cyber security should be top of mind for small business owners, but not everyone knows how to keep their business safe. Understanding the risks and how to address them can help keep your company safe from cyber criminals. 

The Hiscox Cyber Readiness Report 2023™ found that just 4% of US small businesses could be considered ‘cyber experts,’ meaning they’re doing everything they should to keep their firms safe from cyber criminals. Sixty-three percent are ‘cyber intermediates’ so they’re becoming more and more cyber savvy. But the rest (33%) are novices. How does your business stack up?

Do you know what it takes to keep your data safe? It’s a three-step process.  

Three steps to keeping your business safe from a cyber incident

Cyber threats continue to evolve, and staying one step ahead of the hackers is the best way to keep your business safe. 

Here’s a three-step plan to help keep your business safe. 

1.   Prevent a cyber attack

The best outcome is to prevent a cyber attack from happening in the first place.

“Proactivity is the best form of defense when it comes to cyber, and a team is only as strong as the weakest link – or least-trained employee – in the chain,” said Chris Hojnowski, Vice President and Product Head of Technology and Cyber for Hiscox USA. 

2.   Detect an attack early

Improving the cyber knowledge of everyone in your company will help them recognize an attack early, which can minimize the harm. Having a plan in place for dealing with an incident and making sure everyone knows their role is critical. 

3.   Mitigate the damage

Hiscox cyber security insurance not only protects you from the costs associated with a data breach, hack, or ransomware demand, but provides you with access to a team of breach response experts who will spring into action as soon as a breach is reported. Quick action by professionals will minimize the damage to your business and your reputation. 

Want to learn more about how to improve your cyber health? Download the Hiscox Cyber Readiness Report 2023 now.