Is your business cyber savvy?

Do not ignore the risks of cyber threats to your small or medium-sized business. Being cyber savvy starts by implementing cyber safety best practices.

While a robust cybersecurity plan can block many threats, no defense is foolproof. Cyber liability insurance provides protection in the event of an attack.

The first step to obtaining the right coverage is understanding your specific risks and starting to develop your plan.

While it is important to speak with a cyber security specialist to discuss the full range of strategies that are appropriate for your business, the checklist below can help you get a better understanding of whether you are taking the right steps to help safeguard your business from cyber risk.

What cyber risks might your business currently face?

Conducting a self-assessment of your business is the first step in developing a sustainable and effective cyber security plan. This begins by understanding your business’ existing systems, assets, data and capabilities to identify and manage cybersecurity risk.

Is your business taking the right steps to protect against cyber risk?

Do you have the appropriate safeguards in place to manage the security of your systems and data?

Does your business have a way to detect cyber threats?

Do you have the appropriate procedures in place to monitor and identify the occurrence of a cybersecurity incident?

Do you have a plan to respond to cyber threats?

Do you have an incident response plan that outlines the appropriate procedures that will be needed for your business to take action when a cybersecurity incident is detected?

Do you have a plan to help your business recover from a successful cyberattack?

Have you outlined the specific activities that would need to take place to restore any capabilities or services that are impaired due to a cybersecurity incident and to maintain plans for future resilience?