As an insurance agent, you have to manage a lot of information. You also probably store much or all this information on computer networks. The days of paper insurance policies are rapidly coming to an end, after all. Nevertheless, data faces its own threats, particularly theft and hazardous deletion. By implementing a backup system, you can reduce the risk of data losses that might compromise security. What can you do to implement these processes?
How Backups Work
When you undertake a system backup, you essentially make a copy of all the data on your existing networks. If done correctly, you’ll keep an extra copy of company and consumer information. That way, if something happens to your original data, you can turn to the extra copies.
Backups can happen in a few of different ways. Two common processes include:
- External backups let you transfer data from existing hard drives to other drives. You can often keep these drives on or off the agency’s premises. You can usually easily plug these drives in and withdraw the information.
- Cloud backups place data in an online cloud. Therefore, you can access the existing data from almost any computer, anywhere.
Often, you can set up backups to occur automatically. You can also let them overwrite previous backups. That way, you'll keep data current and consistent across platforms. An IT professional can help you set up backup schedules. They’ll ensure these backups have proper security to keep data as safe as possible.
The Importance of Data Backups
With regular backups, you can improve the overall efficiency of your business. For example, if you experience sudden data losses or deletion, you’ll have a copy to turn to. Also, in the event of cyber theft, hacks or ransomware attacks, you’ll likely still have secure information in another place. That might help reduce the severity of the occurrence.
Protecting Yourself with Cyber Liability Insurance
Another important type of data protection is cyber liability insurance. Though not a backup system, proper, this commercial asset does protect data. In cases of data losses, privacy breaches and data theft, this coverage can help you pick up the pieces. It might help you pay for data recovery, or identity theft monitoring for customers harmed by the loss. Therefore, both the business and its clients can come out on the other side easier.
Consider your cyber liability insurance as a supporter of your backup systems. Together, the two will make your agency, your insurance data and your clients more secure.
Also Read: Commit to an Annual Cyber Safety Review