Because of growing cyberthreats, insurance companies are demanding more complete and sophisticated cyber protections. As increasing amounts of data are stored in various electronic databases, the potential for misuse of that data increases exponentially, threatening your business, operations, customers, and employees. Critical areas of protection are needed for all organizations include data privacy, network security and coverage for business interruption causing a loss of revenue and extra expense.
Our Team helps you understand your cyber risks. We will work with your existing cyber insurance broker to ensure your are in compliance with your policy requirements. If you do not have cyber insurance, we are partnered with several companies and together we will assess your business needs and recommend coverage levels and benefits to provide a customized approach which includes:
- Risk assessment, leveraging the capabilities of risk assessment to estimate cyber exposures on your business
- Benchmarking, catastrophe modeling and policy analysis
- Designing and executing customized risk transfer programs
- Assisting in the development of an integrated incident response plan
- Claims Advocacy, including executing an incident response plan
Compliance with IT requirements mandated by federal and state laws, industry standards, vendor contacts and cyber insurance policies. And when there’s a forensic investigation or lawsuit following a breach, the burden is on you to prove the right security controls were put in place and managed properly.
