Computer Security Day – Your own employees could be your biggest security threat!

Cyber-crime

Authored by NMU

It’s extremely important that businesses are conscious of IT security and take steps to protect themselves from threats, but no one can ever be 100% secure

Cyber threats are rapidly evolving and there’s so many ways in which attackers can access networks and SME’s are as prone to an attack as larger companies are and, just as importantly, business sector has little relevance either anymore in a time where cyber criminals are certainly not discriminating between industries.

Despite around 60% of SMEs reporting a cyber attack in 2019, statistics show that only 10% of them actually purchased cyber cover.

What is even more of a concern is that research shows that over 90% of all cyber claims last year stemmed from some type of human error or behaviour, which could have been avoided.

Even the best IT security controls in the world won’t protect against events which don’t involve a third party accessing the network such as social engineering attacks or the actions of a rogue employee.

Both the strongest and weakest link in businesses’ armory can be its own people – so training, education, and awareness are all vital, particularly for key functions and management.

Education – Cyber Essentials

For businesses that are looking to increase their cyber security know-how, we recommend Berea’s Cyber AMI – Cyber Essentials product. This government-backed scheme explains common cyber threats and how to protect against them, and provides organisations with the option to purchase a certification upon completion.

Recognising Cyber Risks

During a recent BSI survey, 8 out of 10 businesses questioned said that cyber security is a high priority for their senior management board. More businesses have also expanded their staff in the last year, with roles relating to information security and governance. This shift indicates a growing acknowledgement of the risks cyber attacks present, although many SMEs are still unaware that cyber security on its own is not enough protection. Unfortunately, all businesses, even those with state-of-the-art cyber security systems, are at risk of a cyber attack; that’s why having proper cover in place that’s fit for purpose is essential.

Police CyberAlarm

Police CyberAlarm is a free tool to help understand and monitor malicious cyber activity. This service is made up of two parts; monitoring and vulnerability scanning.

Police CyberAlarm acts as a “CCTV camera” monitoring the traffic seen by a member’s connection to the internet. It will detect and provide regular reports of suspected malicious activity, enabling organisations to minimise their vulnerabilities. The data collected by the system does not contain any content of the traffic. The system is designed to protect personal data, trade secrets and intellectual property.

Members of Police CyberAlarm will become part of the wider UK cyber defence network, sharing collected data with Police for analysis at local, regional and national levels to identify trends, react to emerging threats and identify, pursue and prosecute cyber criminals.

Police CyberAlarm is already available in several regions in England and Wales and are working hard to make the scheme available to everybody. You can check for updates on availability or to Register your interest here https://cyberalarm.police.uk/live-regions/.

Get CyberSafe

Whilst the information and education above can help prevent cyber attacks and data breaches, no business can be 100% certain that they won’t be the next target for a cyber criminal.

CyberSafe has been designed specifically to address the threats SMEs face and in the unfortunate event that they are targeted, integrated breach response from ReSecure helps to get businesses get back up and running as quickly as possible.

To speak to someone at NMU about Cyber insurance, CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on.

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About NMU

NMU is an award-winning provider of specialty insurance solutions

We are the first choice for brokers looking for specialty insurance, offering solutions that are not simply off-the-shelf, but built upon a real understanding of the risks faced by policyholders. This, together with our ability to write risks such as storage, installation, construction and exhibitions outside of the UK and offer terrorism cover on overseas property, sets us apart from the competition.

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Our team of professionals based across the UK, provides customers with an in-depth product knowledge and a real personal service.

We provide bespoke insurance products that are not simply off-the-shelf solutions, but built upon a real understanding of the risks faced by policyholders as well as offering added value services to benefit our clients.

Our product and services range comprises:

Cargo InsuranceMarine cargo policies cover goods during import and export, including any incidental storage, as well as domestic distribution. Stock throughput polices can cater for all this plus other, intentional storage…read more

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Terrorism and Sabotage InsuranceStandalone terrorism cover can be a more flexible and cost-effective alternative to traditional placement routes…read more

Motorsport InsuranceDesigned for commercial risks, our motorsport policy offers 24/7 cover for teams at all levels across all disciplines…read more

Cyber InsuranceProviding SMEs with a simple, robust solution for cyber liabilities, cybercrime and restorative support…read more

Risk ControlWhilst we pride ourselves on our claims service, there is far more benefit to policyholders in preventing loss and damage in the first place…read more

Online FacilitiesTo complement our award-winning service, we use online facilities to assist NMU policyholders and brokers alike…read more

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