Cybersecurity is one of the most important issues facing unions today. The risks are real, and the consequences can be devastating.
Cybersecurity is a broad term that encompasses a wide range of topics, including information security, IT security, and network security. All three terms refer to the protection of computers and networks from unauthorized access or harm.
In this article, we’ll talk about how to protect your union from cyber liability and what steps it can take to protect itself against cyberattacks.
Cyber Liability Insurance Coverage
A cyber liability insurance policy covers all cyber attacks, including ransom ware attacks. Ransomware is a form of malware that blocks access to your systems until you pay off the hacker by sending funds through bitcoin or other cryptocurrencies. The ransom amount varies depending on the severity of the attack and its impact on your business operations. In some cases, it can be as high as $1 million per individual computer or server attacked by hackers.
To protect your union against such cyber attacks, get an affordable Cyber Liability Insurance Policy from leading insurance companies like the fiduciary insurance company.
Keep Your Information Safe
Poor security practices are often the root cause of cyber attacks on an organization. Whether it’s an employee or a partner who loses their credentials or a hacker accessing your network through software vulnerability, there are many ways that information can be compromised.
Here are some tips for keeping your union’s data secure:
Use strong passwords. Use a password manager to generate and store unique, strong passwords for all your accounts. Use different passwords for different accounts and change them regularly. The damage will be limited to one account if you use strong passcodes if a breach occurs.
Minimize the amount of sensitive data you store in the cloud. Data stored on local devices are more secure than data stored in the cloud. There are some exceptions to this rule (such as customer records). Still, generally speaking, it is safer to store sensitive data on your systems rather than third-party services or applications.
Use two-factor authentication wherever possible. Two-factor authentication requires users to authenticate themselves twice — once with something they know (like a password) and once with something they have (like an SMS message with a code). This makes it much harder for hackers to break into your accounts even if they manage to steal your password because they won’t have access to your phone number when they try to log in unless they’ve stolen that too.
Train Staff and Volunteers
For most unions, the staff members who have access to the organization’s computer systems are key to maintaining the integrity of the organization’s information. These staff members should be trained to prevent cyber attacks, know what to do if an attack occurs, and how to respond.
Training is also important for volunteers who may have temporary access to union systems. These individuals should be aware of their temporary status and told not to use their own devices or bring personal information into the system.
Union leaders must also ensure that their employees are aware of the consequences of using their own devices at work. The use of personal devices raises concerns about privacy issues and employee rights. For example, suppose an employee uses their laptop at work and contains union data, such as member contact information or confidential financial information. In that case, the union may be liable for any breach resulting from using that device on its network.
You can hire professionals like a fiduciary insurance company to train your staff if you cannot do it yourself. Doing so will save time that you can spend on other things that will help your business.