Premierline’s guide to responding to cyber-attacks for small businesses
Understanding the threat to small businesses
Before we delve into the response strategies discussed by the NCSC, it's crucial to understand the threats your small business could face. Cyber-attacks can come in various forms, from hackers seeking financial gain to nation-state actors looking for intelligence. Small businesses are often targeted due to their potentially weaker cyber-security defences compared to larger organisations which can therefore mean small businesses are seen as easy targets, especially those which rely on computer systems in their business.
As with many business risks, prevention is often better than cure which is why the NCSC recommends businesses take proactive measures to ensure that they have a solid foundation for protecting their business from cyber-crime from the outset.
Create a risk assessment
Secure your systems
Learning and improvement
Cyber insurance for small businesses
What is cyber insurance?
Cyber insurance can help cover the financial losses associated with a cyber-attack. It can include coverage for data breach response costs, legal fees, and other expenses related to efforts to mitigate reputational damage. Our advisors can discuss your needs and build a bespoke cyber insurance package for your business.
If your business has a website, handles the personal data of customers, employees or suppliers, or, if your business relies on computer systems for everyday business operations then you may need to consider cyber insurance. Whilst insurance can’t stop a breach from happening, it can help to protect your business from financial losses as a result.
Cyber-attacks are a growing threat to small businesses. By understanding the threats, implementing preventive measures, and knowing how to respond effectively, you can help protect your business from the potentially devastating impact of cyber-attacks. Additionally, you should consider taking out cyber insurance to provide an extra layer of protection to your business and to your employees, customers and suppliers.