Work from Home: Data and Systems Risk

Your company and employees’ health is important

Work from Home: Data and Systems Risk

During a national lockdown we cannot lose sight of staff health and safety. Most businesses have implemented a work from home policy in case of such an event and should note that their data and ICT systems become even more vulnerable to a cyber attack as a result of staff working from home and accessing systems remotely.

Data and systems become key assets during a lockdown because without them companies cannot operate remotely. The possibility of hackers getting into systems is a lot easier with staff working from a new environment using unfamiliar technology, accessing company systems through remote WiFi points, including having new distractions to deal with, such as looking after the kids. It has become increasingly difficult for companies and their staff to manage cyber risks remotely.

Cyber Insurance therefore becomes more critical when people are working remotely!

Cyber Insurance covers the resultant costs and damages from a privacy breach or a network security breach. The policy provides comprehensive first and third-party coverage with an expert incident response process. The cover is summarised and includes protection for the following;

  • Cyber extortion and malware (viruses, ransomware, or publishing of stolen data).
  • Denial of service attacks (disruption to operations).
  • Downstream attack (a compromise of your environment resulting in damages to others).
  • Hacking.
  • Insider and privilege misuse (unauthorised access and use of systems and data by employees and service providers).
  • Physical theft and loss (both devices and physical hard copy data).
  • Threats posed by third party access into a client environment.

Here are a few things to consider informing staff working from home about to help protect company data from cyber criminals:

  • Never disclose personal information such as passwords and PIN numbers whether via telephone, instant message or email
  • Don’t write down PIN numbers and passwords and avoid using simple and obvious passwords such as your name or date of birth
  • Use strong (and different) passwords for company systems access and change them regularly
  • Don’t print company documentation at home if you don’t need hard copies
  • Keep any company financial and confidential documentation locked away if you have it in printed format
  • When destroying hard copies of company information shred or burn it instead of simply throwing it away
  • Don’t use an unsecure WiFi (conferences, coffee shops, hotels, etc.) to do important and sensitive company work and wait until you are in a secure WiFi environment like your home
  • When you suspect any data tampering, loss or intrusion alert your company’s IT department immediately

Remember that cyber criminals take advantage in times of crises, like the lockdown as a result of the Covid-19 pandemic when people are distracted. It offers them an opportunity to steal data and cause a company great loss. Cyber Insurance is there to protect businesses in such instances.

Please feel free to #connect with us to discuss your cyber risks and the insurance solutions we can tailor for your business, especially during lockdown or during periods when your staff continue to work from home.