When was the last time you changed your password? How easy is your password for you to remember and does this mean it’s easier for someone to guess your password? Have you ever considered how easy you may have made it for someone to hack you?

Passwords are generally the gateway into your system, computer, server or device so it’s important that they’re strong and are changed frequently. Passwords are also critical gatekeepers to your digital identity, which allows you to access things like online shopping, dating services, banking, social media, private and business work and life communications, among others.

Today is World Password Day and it falls on the the first Thursday in May of every year. World Password Day is intended to help promote awareness and the importance of better password habits. Take the pledge to share a password tip on social media, to change an old password to a long, strong one or activate two-factor authentication for your important accounts. There are so many things you can be doing to protect yourself from being hacked.

Passwords are an integral aspect of cyber security but you can always be doing more! Cyber criminals always seems to be one, two or three steps ahead. Whilst we’re on the subject of passwords and cyber security, have you considered a Cyber insurance policy?

While technology continues to make the economy more efficient, it increases the risk of cyber attacks and opens up opportunities for hackers, criminals and malicious acts by known people, such as disgruntled employees.

Businesses increasingly rely on the interconnectivity and convenience of hardware, data storage, cloud solutions to manage data. This increased dependency creates an environment where predicting and preventing potential cyber attacks is difficult.

Cyber attacks have emerged as a serious threat for Australian businesses. The consequences of an attack can be severe, resulting in destruction of assets and reputational damage. As there is only a limited regulatory framework to protect the private sector, businesses need to take action to protect themselves and their liabilities to others.

Cyber insurance can help organisations get back to business after a cyber attack or a data breach. As organisations become more reliant on technology, insurance products need to adapt to the changing environment. Cyber insurance is a tailor made product that provides comprehensive Insurance cover for liability and expenses a business may incur arising out of unauthorised use of, or unauthorised access to, physical and electronic data or software within an organisations computer network or business.

For more information about Cyber insurance, please contact us or request a quote below and we’ll contact you at a time that’s convenient to you. And don’t forget to change your password habits to make it harder for you to be hacked!

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This article was written by Mark Gabell for SUREWiSE using information sourced from a variety of sources including but not limited to nationaldaycalendar.com.