Cyber Security & Compliance  04/25/2017 NAPA RSS Icon

Four Cyber Security Myths Independent Agents Believe

By Todd Sexton

Don't make the mistake of thinking that as an independent insurance agent you are immune to a data breach. 62% of cyber-breach victims are small to mid-size businesses.

Here are the top four cyber security myths that independent agents believe:

1. My business is too small for hackers to target

Actually, statistics show that 43% of all data breach victims are small businesses. This is often because small businesses usually have fewer resources dedicated to managing security. Consequently, this can make information easier for criminals to steal.

2. My data isn’t considered sensitive information

As an insurance professional, many of your digital communications likely contain Personal Health Information (PHI), which is required by law to be secured.

3. Security products are too difficult to use so I don’t bother

In the past, security products and services were costly, difficult to understand and often required IT professionals to implement. Today, it's a very different story. There have been significant advances in cyber security and products now exist that are both cost effective and user-friendly. There are no longer any valid excuses to not secure your client data.

4. I could handle it if my data was breached

Don't be so sure. Statistics show 60% of small businesses fail within six months of a data breach.

NAPA offers independent agents access to a complete line of cyber security products and services to help keep your data safe, including:

Sources:

  • Small Business Trends
  • The Denver Post

Webinar (September 22nd at 1:00pm): "Staying Safe As Cyber Liabilities Increase"

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