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Between 2020 and 2022, there was a great migration to remote working. Many businesses, both large and small, are embracing this trend. As a result, a large percentage of the office workforce is working remotely. It appears this will continue in 2022 and well beyond. The change in work location has created a number of challenges for employers, including new cyber risks.
Because of the COVID-19 pandemic’s new remote-working environment, cybersecurity has become a major concern for businesses all around the world. Given the need for more rigorous and robust cybersecurity to safeguard individuals working remotely, organizations should start looking into more advanced solutions, such as investing in a zero-trust architecture and identity-centric services, that provide a better approach to these frequent attacks.
Remote employees’ devices are vulnerable to penetration by malware, ransomware, or a trojan virus, which then attempts to propagate over any network the user connects to due to a lack of effective cyber protection and user constraints.
According to a survey conducted by a leading cyber firm Tenable, cloud services and apps, personal devices, and remote access capabilities have effectively erased enterprises’ security perimeters, resulting in increased cyberattacks and compromise as IT administrators struggle to manage the new technology.
Here’s what leading cyber risk prevention firms recommend to reduce the likelihood of a successful cyber-attack:
A good cyber liability insurance policy is essential for every company. Businesses must contend with business interruptions, income loss, and litigation. It’s crucial to keep in mind that no company is immune to the effects of cybercrime. As a result, cyber liability insurance has become a must-have for any risk management strategy.
Cyber liability goes beyond your commercial insurance coverage. General liability insurance does not cover losses resulting from cyber or data breaches. Furthermore, client data is worth significantly more than physical assets, so having the proper protection in place when you need it is critical.
Supplementing your commercial insurance with cyber liability coverage will provide you peace of mind that your company’s financial and reputational well-being will be safeguarded in the event of an attack.
As Merced County’s largest independent insurance agency, the professionals at Leap | Carpenter | Kemps Insurance Agency understand business risk management. We offer all types of Business Insurance including General Liability, Cyber Liability, Workers’ Compensation and Business Property. We also work with more than 200 insurance companies so we can get you what you need at the best price.
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Leap | Carpenter | Kemps Insurance Agency provides Commercial Business Insurance, Employee Benefits, Life and Health Insurance, and Personal Insurance to all of California, including Merced, Atwater, Los Banos, Mariposa, Madera, Fresno, Modesto, Turlock, and Stockton.
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Merced Office
3187 Collins Drive
Merced, CA 95348
Phone: (209) 384-0727
Additional Contacts
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Fax: (209) 384-0401