Key Strategies to Help Prevent Cyber Losses

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10/30/2024

Key Strategies to Help Prevent Cyber Losses

Source: Federated Insurance, October 22, 2024

Your employees are often your first line of defense in keeping your digital business assets secure. Using regular training programs and implementing a cyber risk management plan can be an effective way to build your line of defense against digital threats that could negatively impact your business, valuable information, and profits. Consider the following:

Conduct Frequent Employee Training

Phishing Awareness - Teach employees to recognize common phishing tactics, such as suspicious emails and fraudulent links.
Safe Browsing Habits - Instruct staff on best practices for navigating the internet securely, including how to identify secure websites.
Password Management - Encourage the use of strong, unique passwords and emphasize the importance of changing them regularly.
Regular Training - Use simulations and refresher courses to help reinforce cyber security knowledge.

Utilize a Risk Management Plan

Regular Vulnerability Assessments - Conduct routine checks to identify and evaluate potential cyber risks within the organization.
Automated Security Protocols - Implement automated systems to oversee security measures, ensuring timely updates and responses to threats.
Incident Response Plans - Develop clear and structured response strategies for addressing data breaches or cyberattacks effectively.

NAM Cyber Cover

Do you know how vulnerable your organization is to a cyberattack? How do you rank against others like you? Do you have critical risks you should address immediately?

Manufacturers continue to be a top target for hackers. Through GMA’s partnership with the National Association of Manufacturers (NAM), we offer an exclusive cyber insurance and risk management product designed specifically for manufacturers and their needs – NAM Cyber Cover.

NAM Cyber Cover proactively helps you avoid large losses due to a cyber incident and reassure industry partners that your company is protected by offering a complimentary cyber risk assessment (CRA) based on publicly available data.

Manage Your Risks

A complimentary Cyber Risk Assessment allows you to see the weaknesses that exist as easy targets for a hacker.
Patch manager scans your systems for out-of-date software and weaknesses. Immediate alerts are sent when something unusual is found.
Threat Monitor constantly monitors for new outside risks and notifies you before damage can be done.

Respond Quickly

Where law enforcement capabilities stop, the NAM Cyber Cover program for manufacturers begins.
24 hours a day, 7 days a week, 365 days a year – we’ve got you covered.

Mitigate the Severity

A training platform and simulated phishing emails help train your employees to avoid mishaps.
Enlist ethical hackers to find vulnerabilities in your systems with Hacker One Response – taking that burden off your team.

Recover from an Attack

Recovery is the key to survival of your business after an attack. Let us help you protect and defend your business.

Visit the NAM Cyber Cover Website

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