How to Protect Your Business from Cybercrime

Cybercrime is often at the forefront of the news. Businesses are often targeted, resulting in financial loss or sometimes, even permanent shut downs.

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How can you protect your business from cyber threats?

First, begin with looking at your vendors. Often, threats come from vendors with low security protocols or safeguards.

When looking at your vendors, be conscious of how many vendors you have, especially vendors with access to your data.

This can include IT vendors, cloud storage vendors, suppliers, benefits providers and more.

Do you know how these vendors protect your data? Do they have access to more than they need?

After you’ve looked at your vendors, you may want to reach out to them with questions regarding security and risk.

Find out what security measures they have in place.

If you find any issues, work with your vendors to address any areas of potential concerns.

Look at your contracts with your vendors. Can they change their security protocols at any time? Or are they contractually required to have certain security measures in place?

You also want to examine your own security protocols. 

What safeguards do you have in place to protect your information and how secure is it?

It is essential to do full assessments of your cyber risks, so that you can address any potential issues.

Make sure to know of any weaknesses in your cybersecurity or your vendors’ cybersecurity, before it costs you your clients or your business.

If you need help with your vendors or cybersecurity, contact Rickard & Associates today!

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Do you need help with updating your Business Associate Agreement or negotiating contracts with third-party vendors?  We can help. Contact us today about your Business Associate Agreement, your vendor contracts or your other legal needs!

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