Online securities that pose a threat to a business include company websites, as well as all social media and shopping sites that a business is affiliated with online. For instance, a hacker might break into a social media page of a business in order to steal the contact information of those individuals who have befriended the business. As for financial securities online, any time a business makes a monetary transaction, they are putting themselves and their customers at risk of hackers stealing personal and financial information.

Cyber risk is the danger associated with having data on the Internet. Businesses can be at risk whenever they transmit or store data, such as financial statements or corporate level documents. Hackers and scammers create cyber risks by breaking into computer networks and web-connected systems. These criminals then steal and sell, or use, bank account numbers, passwords and confidential information in order to make money for themselves. In order to protect against cyber risks, use wired systems whenever possible and make all passwords used online as difficult to decipher as possible. Also, install malware, anti-virus protection, tracking software, and encryption tools with your computers, business mobile devices and other electronics that access the web.

At Lloyd S. Berkett Insurance Agency,  located in Los Angeles, we offer a range of cyber liability coverages designed to help you in the event of a cyber breach.   We want to help you to maintain the utmost protection for your business with careful planning and proper protection. Contact us today for more information or to get a quote for insurance for your business.