Protect your jewelry business against cybercrime
As cyberthreats increase in frequency and severity, it's vital for businesses to take action now to prevent costly security breaches.
What is cybercrime?
Cybercrime refers to any criminal activity in the digital realm, spanning internet-connected devices, networks, social media accounts, and even bank accounts.
Cybercrime can have a significant impact on a business, including:
- Financial loss
- Reputation damage
- Day-to-day operational disruptions
39 seconds
According to Cybersecurity Ventures, there is roughly 1 cyberattack every 39 seconds
How to secure your business from cyberattacks
Enhance protection with cyber liability insurance
This add-on option to your business insurance policy covers loss of money due to financial fraud and liability claims. Talk to your agent about coverage. Contact us to find an agent.
Implement strong authentication
- Use strong passwords and avoid sharing them. Utilize passphrases for extra security, i.e., a short sentence or phrase made up of 15 characters.
- Avoid generic accounts, i.e., accounts used by multiple users and not assigned to a unique individual.
- Implement multi-factor authentication.
- Employ password management tools, e.g., Keeper and Bitwarden.
Employee training and access control
Cultivate a security-aware culture.
Manage information access appropriately.
Educate your staff on security awareness.
Strengthen technical controls
Install anti-malware solutions.
Encrypt your data.
Implement a firewall.
Apply timely security patches to your systems and software.
Important cyber considerations guide
Download our educational guide to help educate your staff on technology expectations and additional cybersecurity considerations to safely run your business.
What is cyber liability insurance blog
Learn from real-life examples of how cybercriminals target jewelry business and why cyber liability coverage is necessary, even with adequate jewelers block insurance.
Jeweler Safety and Security Academy - cybersecurity courses
Enroll in the online Safety and Security Academy today for in-depth courses on how to keep your business safe from cyber threats and more.
Founded by jewelers, Jewelers Mutual remains remains committed to safeguarding jewelry businesses for more than a century. We're exclusively endorsed by the industry’s leading organizations that contribute to the safety and well-being of jewelry businesses.
Our Business Owners Policy includes optional add-on coverage for data breach and cyber protection. This product covers first-party losses from financial fraud and liability claims related to lawsuits or regulatory penalties, including data compromise, e-commerce, computer fraud, funds transfer fraud, and identity fraud expenses.
Talk to your agent about coverage. Contact us to find an agent.
Have questions or concerns about cybersecurity? Email our experts.