According to the latest crime figures for England and Wales, “4.7 million incidents of fraud and computer misuse in the 12 months leading to September 2017 represented a 15% decrease from the previous year”.

The slight improvement on the results demonstrates that business owners, employees and internet users are becoming more vigilant on the topic of cyber security, yet more could still be done to educate IT users on how to be facilitate a tighter operation when it comes to cybercrime.

Training from an early age so that it becomes second nature to our next generation will be key to a successful cyber security future. Educating our younger users on how to stay safe online, what makes a good password and how firewalls and security software can protect their devices will eventually grow into the workplace as their careers develop.

In a recent article by bizjournals.com. It outlines ‘6 ways to improve your cybersecurity practices’ within business. It is hoped that some of these methods will become a natural and progressive step for our next generation of IT users which will positively improve the way in which businesses operate.  It also opens up the possibility for new careers and job roles within the IT industry which will be recognised for their knowledge and experience.

Some recommendations for staying safe online for both employers and employees include:

Educate your board – Boards need to understand the risks involved in terms of cyber security and the effects it could have on a business / organisation. By educating at this level, policy can be designed, agreed and implemented to tackle issues arising within the company.

Assess Company Needs & Structure – Assessing where cyber security risks could emerge within the company and which staff are responsible for education and training will allow businesses to develop a clear and concise plan. It should also be noted that ALL staff have a duty to protect against cyber security and not just Managers & Senior Employees.

Implementing A Cyber Security Expert – Creating a role for a cyber security professional offers a more focused method for tackling cyber security problems. A cyber security expert can not only deliver training to employees but can also report back to the Directors. They can implement new and secure ways of working and because of their expertise, cybersecurity experts can recognise and report on any vulnerabilities or at worst where a network has become compromised.

Employing a cyber security consultant – Looking outside the company for a third-party consultant can have its advantages. Often consultancy firms are used to dealing with multiple types of problems which are individual to the nature of the businesses they are working with. This gives them a broader scope in what is happening in the wider world and therefore they can draw on a greater depth of experience, foresee issues arising and keep abreast of the industry.

Determine a reporting structure – Because of the nature and implications involved in terms of cyber security, it is recommended that an appointed cyber security employee / consultant should regularly report direct to the CEO of the company. This ensures that as the head of the business, they are fully aware of any changes needed to be made within the company and can act quickly and accordingly so as to protect their brand reputation, financial interests and their client data.

For more information on how cybersecurity infrastructure could benefit your business and organisation, please contact our team, here at Crendon Insurance Ltd. Our cyber attack insurance packages are tailored to suit business needs, large or small and can provide invaluable insurance protection against a cyberattack whilst ensuring companies comply with correct cyber liability regulation.

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