With more and more companies conducting business online and moving their infrastructure to the cloud, protecting your business, employees, customers and data from cyber criminals has become a top priority. Even with a cybersecurity plan in place, cyber attacks can still happen if there are vulnerabilities with your internal controls, system procedures or information systems.
What is at risk?
Every organization faces its own set of unique cyber risks. The first step in knowing your business’s level of exposure is understanding where you are vulnerable. The second step is knowing how to protect against risks to keep your business running smoothly. These four areas of exposure can help to determine what could be at risk in your current cyber landscape.
Four factors to consider when evaluating your business for cyber exposure
- 1. Data security
If your data is lost, it can be extremely costly, damaging your business’s reputation and halting your day-to-day activities. Some examples of the information that could be at risk:
- Personally identifiable information (PII)
- Sensitive business information, such as financial information, sales or marketing plans or manufacturing specs
- 2. Networks and devices
Vulnerabilities can be attacked across your physical devices and software, including:
- Information technology related hardware and systems such as laptops, tablets and cell phones
- Operational technology such as manufacturing systems
- Payment card systems
It is essential to identify and respond to attacks while they are happening and before they impact your business's operations.
- 3. Network access
Unauthorized access to your network can result from a disgruntled employee or a via the actions of a careless employee. Additionally, criminals may utilize phishing tactics to persuade unsuspecting employees to willingly turn over credentials.
- 4. Third-party organizations
Having access to data or systems of third-party organizations, such as IT providers or IT integrators, can result in being targeted by cyber attackers. Unknowingly, you may transmit malware to the third-party’s system, resulting in their data loss, encryption of their systems or other damage.
The Hanover CyberSecure Program
With the Hanover CyberSecure Program, we have formed partnerships with industry leaders to help you keep an eye on possible threats and protect your business. These benefits are accessible to you as a Hanover policyholder at no charge or at a discount.
Keep data safe and recoverable
Our Hanover CyberSecure data backup and recovery program, provided by Metallic, helps to keep data safe, compliant and easily recovered from new and emerging threats all while reducing the risk and lessening the impact of a breach.
Data protection and recovery provided by Metallic
Minimize the cost of a breach
Our Hanover CyberSecure Program data breach response planning services, provided by eRiskHub, offer access to a portal that helps understand current exposures, establish a response plan and minimize the effects of a breach.
Data breach response preparation provided by eRiskHub
Explore our Risk Solutions Partners
Hanover Risk Solutions has a proactive and collaborative approach to risk management, designed to help keep businesses of all sizes as safe as possible. We form partnerships with a comprehensive array of industry associates that can provide you with the services you need to be prepared and help prevent losses.
View all Risk Solutions Partners
This material is provided for informational purposes only and does not provide any coverage or guarantee loss prevention. The examples in this material are provided as hypothetical and for illustration purposes only. The Hanover Insurance Company and its affiliates and subsidiaries (“The Hanover”) specifically disclaim any warranty or representation that acceptance of any recommendations contained herein will make any premises, or operation safe or in compliance with any law or regulation. By providing this information to you, The Hanover does not assume (and specifically disclaims) any duty, undertaking or responsibility to you. The decision to accept or implement any recommendation(s) or advice contained in this material must be made by you.
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