Are You Cyber-Insured While Working from Home?

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insurance

Recent years have seen a massive rise in the amount of technology we’re using in the workplace. Entirely new kinds of businesses have been made viable by these advances, and entirely new kinds of insurance product have been devised to tailor to the needs of those businesses. 

With this technology has come an entirely new kind of vulnerability. While we once might have worried about a person physically breaking into our premises in the dead of night and making off with sensitive files, we now have to worry about an intruder doing the same thing over the internet.

Data breaches, phishing, denial of service attacks: they all pose a significant risk to businesses of every kind – because nowadays, we all rely on the internet to some extent or other. 

Technology insurance products typically fulfil many of the same functions as an error-and-omissions package that might protect other kinds of professional. When the network goes down and you suffer losses as a result, the insurer can step in to compensate you. To assess the risk, the insurer will need to know what your arrangements look like – and you might find that you aren’t covered if you haven’t apprised them of the changes to your arrangements. The requirements of individual insurers can vary, so get in touch with yours to make sure that you’re covered, before disaster strikes.

Keeping Secure while Working from Home

Digital technology has allowed us to adapt to the arrival of Covid-19. Rather than risk congregating in a centralised workspace, we can instead do our work remotely, either using a computer we already own, or using a device provided to us by our employer.

This practice confers many benefits, some of which go far beyond limiting the spread of a deadly pathogen. For example, working from home means that we spend less time commuting. It’s better for the environment, and, if we do it right, better for our mental well-being. For this reason, many of the technology giants have pledged to retain their working from home practices long into the future.

Unfortunately, working from home isn’t perfect. This is particularly so from a cybersecurity perspective. When work is performed in an office, the company will have oversight over the security measures in place. When work is performed at home, that level of scrutiny isn’t possible. For one thing, the employee might not have the skills required to keep their network secure. For another, they might not have the technology available. 

What are the Vulnerabilities?

The workplace might help their employees to install a Virtual Private Network on their device in order to securely communicate with their workplace. But software like this isn’t fool-proof. If the VPN isn’t active, or isn’t being used in the right way, a vulnerability might arise which a third party might exploit. There’s also the danger of Bring-Your-Own-Device policies, which is just as prevalent when the device in question is remote as when it is local. If you use a laptop for leisure, and then for work, then you might provide malware with a back-door into the company system.