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.
If your company doesn’t have a cyber security plan in place or if managing cyber security feels overwhelming, you’re not alone. FCA is finalizing a Cyber Security Plan specifically for signatory contractors that will be released next month. This resource is designed to help contractors take practical steps to protect their business and manage risk in the event of a cyber incident.
Federated Insurance Risk Management Resources
FCA Supporting Partner Federated Insurance provided this content to help signatory contractors better understand and manage cyber risks. Federated offers additional resources on cyber security and risk management for contractors. To learn more, reach out to your local Federated marketing representative for information on how to help your employees prevent harmful cyber trends from impacting your business.