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 carriers, 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 saw 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

  • 31 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.
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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. 

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Elaine Lamb

DIRECTOR, LA PLAYA INTERNATIONAL

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Email: elaine.lamb@laplayainsurance.com

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