Five Ways to Avoid a Data Breach

Five Ways to Avoid a Data Breach

While data breach is on the rise, the majority of incidents are fully preventable. Here five key ways to avoid being caught out - from one of our key insurers, Beazley:

1. Encrypt your devices

  • Over 73 percent of the breaches serviced by Beazley in 2013 involving portable devices could’ve been prevented if the devices were encrypted.
  • Encryption is a safe harbour under virtually every breach notification law.

2. Automate patch management

  • From 2013 to August 2014, Beazley has seen a 20% increase in breaches due to malware or hacking. 
  • Staying on top of the latest available software patches and moving to automated patch management can protect against a breach.

3. Enforce password complexity

  • In 2014, the breaches serviced by Beazley due to hacking or malware cost 4.5 times more than the largest loss category (unintended disclosure).
  • Computer systems can now systematically cycle through all permutations of potential passwords. 
  • Don’t use “bad” passwords that are easy to crack… dictionary words are capable of being deduced with an algorithm.

4. Be alert to phishing

  • From 2013 to 2014, Beazley has seen a 10 percent increase in breaches attributable to someone inside the company, either an employee or contractor.
  • Most breaches occur because of human error. Training is a critical step in breach preparedness. It is important to train employees to spot the indicators of a phishing email.

5. Double check before hitting send

  • Thirty-one percent of the breaches serviced by Beazley in 2013/2014 were due to unintended disclosure.
  • It may be simple, but double-checking the contents of a file, email address or mailing details can really save – especially when sending data to outside vendors.
Cyber_Risks_Space_Invaders_2.jpg

“We've been putting off our insurance needs for far too long, and I feel we are now in safe hands.”

Martyn H, Redd & Whyte

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
Cancel Anytime
Benchmark Us
Quote within 24 hrs

About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language.  We’ll support you with great advice - helping you make good decisions for your business. 

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US
     
Photo from Science & Technology
HB-155-col.jpg

Hanna Beaumont FIRM

DIRECTOR, SCIENCE AND TECHNOLOGY

Direct Dial: +44 (0) 1223 200664

Mobile: +44 (0) 7795 473071

Email: hanna.beaumont@laplayainsurance.com

Twitter: @HannaBLaPlaya