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8 Ways to Protect Yourself Online

Our society certainly revolves around the internet today. Everything from social media to eCommerce to conducting business online is part of our everyday world now. It’s more important than ever to protect yourself online and keep your data secure. 

Just as the world has evolved into the virtual space, so has insurance. At Lake Region Insurance Agency, we work tirelessly to protect your information. And we offer cyber liability insurance for added security for those who need it.

Connect with one of our independent agents today to see how we can serve you and your insurance needs.

Protect Yourself Online in Every Way Possible

Viruses, malware, and hackers lurk everywhere. So it is wise to make use of the most thorough and reputable protection you can. In addition to paid security options, there are plenty of things you can do that don’t cost a dime. Here are eight ways to protect yourself online without spending extra money. 

1. Make It a Family Affair

Learning how to stay safe online requires education. As children are getting online younger and younger, it’s crucial that you teach them how to stay safe. Some of the essential rules for them to learn include:

  • Never tell their passwords to anyone but you. And make sure you know or have all of their passwords.
  • Never tell anyone online their name or location. 
  • Never send photos of themselves to anyone online. 

Keep children safe online by teaching them basic privacy rules.

Scammers, hackers, and other unsavory predators are extremely good at convincing children to break the rules. Try to keep your child within your sight when they are online.

Your children may not be the only ones vulnerable in this digital era. Your parents or grandparents are also likely targets for scammers. Be sure to help them learn how to stay safe online, as well.

2. Manage Your Passwords Carefully

Password management helps protect you and your assets by working to keep the bad guys at bay. Set a reminder on your phone or in your calendar to change your passwords every few months. At the very least, do this for your banking and credit card sites.

There is a surprising amount of easily-accessible data about you online. And hackers and bots will use that data when trying to guess your passwords. In general, create passwords that meet the following requirements:

  • Minimum of eight characters
  • A mixture of letters, numbers, and symbols
  • A combination of lowercase and uppercase letters
  • No version of your name – This includes first, middle, and last names. 
  • No pet names
  • No portion of your user name
  • No birth dates, anniversaries, or phone numbers
  • No social security numbers
  • Unique passwords for each site

If you struggle to create strong passwords, there are password generators available to help. And to keep them all secure, you can consider using a password manager, as well.

3. You’ve Got Mail

Protect yourself online by paying attention to signs of email scams.

Be cautious of emails you receive from an unknown source. Don’t click on links and never reply with personal information or bank account numbers.

Unfortunately, you must be wary of emails that appear to come from legitimate companies, too, such as Amazon or Apple. Many scams trick people into thinking the email is from a real account. And many of these attempts are very convincing.

No business or bank will ever ask you to send information like your SSN or credit card numbers to them by email. Always log into your accounts to handle any business with those institutions.

4. Be a Cautious Social Butterfly

Social media has become ever-present in our society. Millions of people use it to connect with others and to run their businesses.

But you must keep in mind that nothing you share on social media is truly private. No matter how many security measures are set up, that information is out of your hands once you share it. So be cautious about anything you post publicly.

5. Be Careful with Public Wi-Fi 

Avoid using any computer except your own or your company’s. Public devices do not have the same level of protection in place and carry greater risk. Remember to log out of every online account and web browser you use while on any computer but your own.

Similarly, be cautious when using shared, public Wi-Fi, such as at a coffee shop. Avoid accessing sensitive accounts when you are not on your home internet.

Be cautious when working on a public Wi-Fi.

Consider setting up two-step authentication for any account that offers it. Although it makes logging in a slightly longer process, it does give you extra protection. This option can help you protect yourself online no matter where you are.

6. Back It Up

Data breaches happen regularly. In 2019, there were more than 2000 events that exposed millions of people’s information.

Backing up your information to at least one secure location will allow you to retrieve your data. For some people, using an external hard drive might be enough. But most people also use a cloud storage system, such as Google. Many data storage providers have redundant security measures to keep your back-up safe.

7. Don’t Ignore the Operating System Updates

Your operating system often offers updates that may seem time-consuming. And you may not even notice any difference after an update. While this may feel like a waste of time, updating your operating system regularly is vital to your data security.

Updates frequently include measures to boost the capability of your malware and firewall. These systems need to remain up-to-date to protect your data from viruses and other attacks.

8. Pay Attention to Your Business Security

Cyber liability insurance helps you protect your business.

If you own a business, cybersecurity takes on a new level of necessity. Because you are working with other people’s data, you carry additional liability for its safety. Make sure you do everything possible to protect your clients’ and customers’ information.

Talk with your agent about purchasing cyber liability insurance to add more protection to your business. 

Protect Everything Possible

The extra steps you take in our digital world to protect yourself online can spare you heartache and financial catastrophe. Purchasing sufficient insurance coverage is another way to make sure you, your family, and your business have the protection you need. 

Contact Lake Region Insurance Agency at any of our three Greater Minnesota offices for a free review. Our independent agents are here to serve you in Cokato, New London, and Willmar, MN.

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What is Cyber Liability Insurance and Why Do I Need It?

Business owners, we can guess that you practically have your “life” on your laptop. It’s certainly the way of modern business. Cyber liability insurance is your protection in a digitally vulnerable culture.

Customer data and sensitive information are just a few of the items most owners store online as part of their operations. Hackers want to access your systems and your company information for many kinds of exploitation.

When you purchase a cyber liability business policy from Lake Region Insurance Agency, you help protect everything you’ve worked tirelessly to build. Your operations, livelihood, and customers depend on safe and secure online systems. 

And if an issue arises for your business, your neighbors at Lake Region help you get back on your (cyber) feet with quick claims processing and payouts. Reach out today for a complimentary quote and insurance review.

Who Needs Cyber Liability Coverage?

There are more and more cyber data breaches each year, and hackers continually up their game and hone their skills. Malware and ransomware are getting more sophisticated. With each passing week, it’s more likely you or your business could be the target of cybercrime. 

You should consider getting cyber liability insurance if your business:

  • Emails Clients, Vendors, or Employees
  • Takes Payments Online
  • Advertises Online
  • Stores Customer, Vendor, and Client Data Electronically
  • Sends and Receives Documents Online
  • Maintains Social Media Business Pages 

These are just a few of the business scenarios where cyber liability insurance makes sense. The bottom line is that almost every business now has a virtual, online component to it. This fact makes just about every company vulnerable to cybersecurity concerns.

Policy coverage

Not only is your company data at risk online, but so are your operations and revenue streams if you lose control over your information. It’s crucial to ensure your policy covers lost income in addition to data recovery and system repair. Talk with your independent agent about including the following components in your policy coverage.

First-Party Damages

  • Electronic Data Damage or Loss: You could get hit by a hacker, a virus, or a denial-of-service attack. You want a policy that can cover costs associated with data recovery and system repair. Do you store data for someone else? Would you need to hire an expert to help you recover what you lost? You can include this kind of coverage in your cyber liability policy.
  • Ransom Attacks: Increasingly, there are situations where a hacker gains control of your data. Then they send a ransom note demanding payment from you to obtain data access. Or they threaten to launch a virus or further exploit confidential customer data. Your policy can protect you in this event, as well. Cyber liability insurance pays the ransom demand as well as other expenses you may incur in the demand response.
  • Income Loss and Extra Expenses: If your business operations cease or slow down while navigating a cyber attack, your policy should cover any lost income. Further, if you incur extra expenses while getting your business back up and running, your insurance should cover those, too.
  • Crisis Management: Hackers don’t just steal your data. They also damage your reputation. Your business success depends on your “know, like, and trust” factor. You may need to spend time and money rebuilding trust with your clients, customers, and industry. Your policy should cover expenses related to managing your reputation after a data breach.
  • Notification Costs: After a data breach, you have a legal obligation to notify anyone impacted by the crime. Reaching out to each of your clients, vendors, and employees can be costly and time-consuming. An effective liability policy will cover these cyber-repair costs. 

Third-party damages

  • Regulatory Proceedings: Depending on the situation, your company may incur a fine or penalty for non-compliance with data breach regulations. A cyber liability policy can defray the costs of legal representation during your response to the proceedings.
  • Network Privacy Liability: Your policy should protect you in the event of a negligence claim around your data privacy policies and procedures. For example, an employee could open a virus-containing email that compromises your system. Or you could fall victim to a denial-of-service attack. A sufficient business policy covers you if you are found negligent in your protection of customer and vendor data.
  • Electronic Media Liability: This coverage kicks in when there is a lawsuit for slander, libel, defamation, copyright infringement, or privacy invasion. This legal trouble often happens after the publication of data on social media or other internet platforms after a cyber attack.

Take Time to Understand Your Policy

Each cyber liability insurance policy is unique. Work with your agent to carefully examine your coverage requirements and craft the plan that best fits your business operations. For example, a medical office may need more extensive data privacy negligence coverage than a clothing boutique. 

Gone are the days when cybercrime seemed to impact only giant corporations or those in the financial field. Any company that utilizes an online platform to receive, send, or store customer data is at risk. 

Feel Secure Online with Lake Region Insurance Agency

At Lake Region, our customers are also our neighbors. We understand how hard you’ve worked to launch and build your business. 

And we know how essential a solid reputation is for small businesses across Greater Minnesota. We’ll help you guard your good standing in the event you are the target of cybercriminals.

For over 50 years, we’ve built our agency on the trust of our neighbors in Cokato, New London, and Wilmar, MN. Our knowledgeable staff will help you select the policies that meet your budget and needs. 

As independent agents, the Lake Region team can search for precisely what you need among hundreds of policy options. Sufficient coverage provides the peace of mind you need, whether you are online or running a brick-and-mortar.

Contact one of our independent agents today for a free insurance review and quote. We won’t stop until you and your business have excellent protection in the event of cybercrime. We hope the worst never happens, but with our coverage and customer service, you’ll be prepared if it does.