Do you have the right type of technology solutions in place to ensure your organization not only survives a cyberattack, but also remains compliant and eligible for cybersecurity insurance? You deserve protection from all angles – and TeamMIS is the trusted IT ally to get you there.
The immediate costs of a data breach are significant and the latent costs and damaged reputation can be devastating. Having the right technology in place paired with a cyber insurance policy will protect you. We know the rise of ransomware has been a hot topic since the beginning of the pandemic, and it’s not slowing down. Many of your competitors have elevated their security solutions and signed up for cyber insurance (if they didn’t already have it). No matter your size or industry, it will be valuable for you.
While we leave the process of applying for cyber insurance to those experts, TeamMIS can provide you with insights into the technology solutions you need to have in place to even be eligible for it in the first place. For example, does your organization participate in regular phishing training and testing for employees? Is Multi-Factor Authentication (MFA) required for access to backup files? Do you have a Business Continuity & Disaster Recovery plan in place?
These are just a few of the questions you can expect to have to answer when filing paperwork for a cybersecurity insurance policy.
The Federal Trade Commission notes how important it is to do the right research and identify what needs to be in place for the policy you need, including protection from data breaches, natural disasters, and more. There’s also a handful of changes occurring in the world of cyber insurance this year that will impact not only how you use technology – but how protected your organization stays for the long-term.
We’ve interviewed insurance agencies to find out that you can expect these 3 things:
- A more comprehensive cyber insurance application process.
- Underwriters now requiring proof of cybersecurity tools.
- Automatic declines if key requirements are not in place.
TeamMIS collaborates with the industry best of breed security solutions to protect your company, using an architectural approach to strengthen defenses with detection, visibility, and intelligence. We’re dedicated to keeping your organization secure. We prevent problems from occurring, we detect threat when they come through, and we remedy problems quickly and efficiently. We also give you our honest advice – which is why we want you to be aware of all your options.
Contact firstname.lastname@example.org to learn about our key recommendations when it comes to having a multi-layered security approach.