During the cyber underwriting process, insurers determine appropriate policy coverage by utilizing tools such as non-invasive scanning, continuous monitoring assessments, breach history reporting, compliance verification, benchmarking, and cyber risk quantification.

Cyber insurance is a supplemental security measure, helping reduce the damaging effects of a breach and covering claims such as data damage, extortion, and liability.

Yes. If your business has already been the victim of a ransomware attack, the chances for a repeat attack are higher, often due to poor security, lack of continuous monitoring, or because the hacker never left.

The cyber underwriting process determines policy coverage and entails a comprehensive assessment by insurers of a company’s existing monitoring software, data management, security procedures, breach history, relative benchmark, and more.

Cyber underwriting is the process by which insurance firms assess businesses’ risk exposures and the extent to which they are mitigated when coordinating policy coverage.

Ransomware attacks cost governments, institutions, and companies billions annually, with total ramifications far exceeding financial losses—affecting reputation, productivity, and much more.

Cybersafe Solutions Chief Operating Officer Keith Strassberg explains common Microsoft 365 cybersecurity threats.

Businesses should be concerned with third-party cybersecurity risk because it can arise from anywhere, worsen with emerging trends, and cause irreparable harm.