Photo credit: Travelers.com
When you think “business continuity,” you should think about your data and networks as well as your employees, customers and property. Financial data, intellectual property and data on employees, customers and suppliers are critical to your business. When you craft your general business continuity plan, take steps to also develop a plan specific to your data and networks.
1. Threat Assessment
Conduct a threat assessment. It can help identify the nature and likelihood of an event. According to Verizon’s annual Data Breach Investigations Report (DBIR), malware, phishing and misuse of credentials are major vulnerabilities.¹ Other events may involve unintentional actions such as an employee emailing a wrong file, sending it to the wrong person or misplacing a laptop or other electronic device that contains sensitive information.
Your plan should include ways to mitigate the impact of losses caused by these accidental or intentional acts or technological failures. It should also take into account weather-related or natural disasters, including tornados, hurricanes or earthquakes. Power outages and power grid failures also should be considered. […]
Excerpt from Travelers.com
We are excited to announce that Travelers Insurance will be a sponsor at our biannual NetDiligence Cyber Risk & Privacy Liability Forum this June 5-7 at the Hyatt Bellevue in Philadelphia. Travelers’ Tim Francis is one of the repeat speakers at this event. To find out more about this awesome CLE-accredited program click here, or contact us for more information, we would love to hear from you!