[vc_row bg_type=”” dima_canvas_style=”” translate_x=”0″ dima_z_index=”0″ delay=”” delay_duration=”” delay_offset=””][vc_column min_height=”” bg_type=”” dima_canvas_style=”” translate_x=”0″ dima_z_index=”0″ delay=”” delay_duration=”” delay_offset=”” width=”1/1″][text]Increases in cyberattacks are causing businesses to purchase cyber insurance. However, the rise in cyber events is making it more difficult to acquire such protection. This is due to cyber insurers expanding qualification requirements while raising premiums for the businesses that are covered.
Our previous post discussed the importance of cyber insurance and touched upon some security controls that will be considered by cyber insurers. The following checklist imparts most of the security controls that insurers expect a business to have in place.
If your business is worried about qualifying for cyber insurance, then this list is for you.
With weak or stolen passwords being exploited to infiltrate systems, MFA helps reduce the risk by requiring the user to provide two or more credentials, such as security tokens through text or mobile apps, in order to be granted access to the application.
To protect against malware or data leakage, use content-filtering solutions to scan and examine web applications, emails, texts.
Users should have access to only the systems and data that are necessary for their jobs. Limited access for users is important for reducing cyber threats.
The ability to access company resources at any place comes with responsibility. By applying security measures, the risk is reduced.
Most data breaches are caused by human error or negligence. To protect from social engineering attacks, implement regular security awareness training to give users the tools needed.
Hackers will target devices that are close to their “end of life” as they are most likely overlooked security-wise. Insurers don’t want the risk of outdated or poorly handled systems
EDR solutions continuously monitor devices connected to your corporate network and identify and protect from hidden threats.
In the event of a cyberattack, backup data is an effective target to prevent recovery, especially if your backups can be encrypted or modified. It is recommended to keep backups that are untouched, as they are always recoverable.
To stay updated about your system and network, enable security event logging. Review and analyze those logs regularly for detecting systems that have been compromised.
To limit exposure to cyberattacks, the process of patching and applying updates to software in order to fix or improve it.
It is imperative that your business have a formal incident response plan with specific procedures on how the business will respond in the event of a cyberattack. This plan should outline steps for maintaining both technical and business operations.
Now that your business is looking into ways to qualify for cyber insurance, you might be wondering what’s the next step? Our team at DDKinfotech is here to help you get ahead. Contact us to discuss your cyber insurance requirements and how we can help you meet them.[/text][/vc_column][/vc_row]
