Showing posts from tagged with: trucking cyber liability

Cyber Security for Your Small Business

Posted on September 06, 2017

Cyber Security for Your Small Business

High-profile cyber attacks on companies such as Sony, Target and Zappos have generated national headlines and have raised awareness of the growing threat of cyber crime. Recent surveys conducted by the Small Business Authority, Symantec and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense of cyber security.

The statistics are grim; the vast majority of U.S. small businesses lack a formal Internet security policy for employees, and only about half have even rudimentary cyber-security measures in place. Furthermore, only about a quarter of small business owners have had an outside party test their computer systems to ensure they are hacker-resistant, and nearly 40 percent do not have their data backed up in more than one location.

Shockingly, despite these significant cyber-security exposures, 85 percent of small business owners believe their company is safe from hackers, viruses, malware or a data breach. This is largely due to the widespread, albeit mistaken, belief that small businesses are unlikely targets for cyber attacks. In reality, data thieves are simply looking for the path of least resistance. As more and more large companies get serious about data security, small businesses are becoming increasingly attractive targets—and the results are often devastating for small business owners.

In recent years, nearly 60 percent of the small businesses victimized by a cyber attack closed permanently within six months. Many of these businesses put off making necessary improvements to their cyber-security protocols until it was too late because they feared the costs would be prohibitive. Don’t make the same mistake. Even if you don’t currently have the resources to bring in an outside expert to test your computer systems and make security recommendations, there are simple, economical steps you can take to reduce your risk of falling victim to a costly cyber attack. The following list of easily implementable security procedures was developed during a Federal Communications Commission roundtable on effective cyber-security strategies for small business owners and is a great place to start:

  • Train employees in cyber-security principles.
  • Install, use and regularly update antivirus and antispyware software on every computer used in your business.
  • Use a firewall for your Internet connection.
  • Download and install software updates for your operating systems and applications as they become available
  • Make backup copies of important business data and information.
  • Control physical access to your computers and network components.
  • Secure your Wi-Fi networks. If you have a Wi-Fi network for your workplace make sure it is secure and hidden.
  • Require individual user accounts for each employee.
  • Limit employee access to data and information, and limit authority to install software.
  • Regularly change passwords.

Cyber security is a serious concern for all businesses—large and small. Contact Interstate Motor Carriers/Capacity Agency, LLC. to learn how our risk management resources and insurance solutions can help protect your business from cyber attacks.

Cyber Security for Truckers is an Emerging Issue

Posted on December 27, 2016

shutterstock_42770536 - CopyDigital security is a growing concern for the trucking industry, which is not surprising, considering it is gaining importance for most businesses in the country. Cyber security is a cost of doing business in the U.S. as there are cyber hackers waiting to attack at any time.

Many truckers now conduct both professional and personal business from their truck cab making their truck a target. It’s important for truckers to recognize that they need to consider cost-effective risk management practices that will protect them from cyber attacks.

Most truckers are aware of the need for and may have put into place protection for their hardware systems, including separate safety systems to shield their entertainment/information systems and vehicle-based technology. But software-based security systems have been slower to be adopted.

Here are some best practices that truckers may want to consider when it comes to digital security.

  1. Security-based design procedures
  2. Frequency and severity analysis
  3. Audit and monitoring policies
  4. Detection of vulnerabilities through self-testing

Many automotive manufacturers are now integrating security systems into the design of the vehicle and add-on features that include technology. As computers and cloud solutions become standard in vehicle systems used for everything from navigation to safety monitoring, cyber security is an issue rising to the top.

The issue of digital security in the trucking industry is a serious one. It is possible for cyber hackers to do almost anything to your vehicle, including controlling steering, brakes and lights. Right now cyber attackers are mostly pranksters, but in the future hackers may become more serious and could access financial information (such as credit card numbers) that are stored on computers in the trucks.

Vulnerable systems in a truck include adaptive cruise control, parking assist and pre-crash braking, as well as telematics. Truck manufacturers, government and industry groups need to take cyber security threats seriously and develop security systems. to protect truckers and the public. To learn more about protecting your transportation business, contact us.