CYBER INSURANCE… ONE HOT TOPIC

This week, one of Data-Guard365 colleagues returned from a CyberSecurity conference where he shared that “the entire focus was on CyberSecurity Insurance”. The minute I heard this, I was reminded that Data-Guard365 (“DG365”) owes Richard May, EPIC BROKERS, a renewed shout out for providing DG365 the keys to the kingdom on this topic, already LAST year this time! He and EPIC helped us get our heads around how insurance companies think and evaluate both the companies they cyber-insure as well as claims-worthiness. We have, since May 2021, been able to inform, share, and warn our customers about what they need to do to maintain the policies they have without large premium hikes, and to remain in good standing in the event of an unexpected, one-off cyber-incident.

(I say ‘one off’ because Data-Guard365’s reputation stands firm with a couple of decades of no loss, no breach track record which positions them strongly with clients accustomed to being fully protected/monitored/secured.) Still, a cyber insurance policy is every responsible company’s way to prepare for the unknown, thus, DG365 encourages its customers to be wise and maintain their cyber insurance.

Here are some phrases regarding Cyber Insurance. How much do you know about them?

• Putting MFA on privileged accounts
• Subrogation Clauses
• The Ransomware Supplemental Questionnaire
• Cybercriminals’ use of Double and Triple Extortion

Learn why the cyber insurance market has drastically changed and what you and your company can do tomorrow (!) to have, as Richard Mays says, “proper controls in place” so you’re always considered insurance and claims worthy:

Abbreviated PODCAST Part 2: EPIC Brokers with Data Guard365

(Full version of Part 2 podcast is accessible under ‘Resources/Podcasts“, at Data-Guard365.com)

Thank you Richard May, EPIC BROKERS, for “in good time” versus “just in time” insights. Data-Guard365 and customers have been the beneficiaries of your information about this swiftly changing, critical piece to insuring and ensuring the future of companies!

Pamla Davitt, Vice President Strategic Alliances for Data-Guard 365

Data-Guard365 is an MSSP firm headquartered in Indianapolis, Indiana, with offices in Chicago, Atlanta, and other strategic locations across the globe. The company is a one-of-a-kind business partner whose people, processes, and technology provide armored cybersecurity for a price point that pays for itself.

www.Data-Guard365.com / (317) 967-6767 / info@data-guard365.com