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Sink or Swim: How can Businesses Survive the Cybercrime Tsunami

WHITE PAPER

SINK OR SWIM:
HOW CAN BUSINESSES SURVIVE
THE CYBERCRIME TSUNAMI?

Cybercrime white paper cover

WHITE PAPER

SINK OR SWIM:
HOW CAN BUSINESSES SURVIVE
THE CYBERCRIME TSUNAMI?

Cybercrime white paper cover

Insurance companies are toughening requirements for cyber coverage. Without baseline cybersecurity controls, you won’t be insurable.

Insurance companies are toughening requirements for cyber coverage.

Without baseline cybersecurity controls, you won’t be insurable.

OVERVIEW

What is in this White Paper?

Mounting breach costs are taking their toll on insurance companies. As a result, insurers are restricting coverage, raising premiums, and enforcing baseline cybersecurity controls for businesses before they can obtain cyber insurance.

 

THE REQUIREMENTS?

1. Multi-Factor Authentication
2. Encryption
3. Air-Gapped Backups
4. Annual Security Awareness Training

IN THIS WHITE PAPER, DISCOVER:

Key risk trends in the cyber, business, and insurance landscapes;

The basics of multi-factor authentication, encryption, air-gapping, and security awareness training;

The best cyber security protocols for your business;

How your organization can become resilient to attack.

OVERVIEW

What is in this White Paper?

Mounting breach costs are taking their toll on insurance companies. As a result, insurers are restricting coverage, raising premiums, and enforcing baseline cybersecurity controls for businesses before they can obtain cyber insurance.

 

THE REQUIREMENTS?

1. Multi-Factor Authentication
2. Encryption
3. Air-Gapped Backups
4. Annual Security Awareness Training

IN THIS WHITE PAPER, DISCOVER:

Key risk trends in the cyber, business, and insurance landscapes;

The basics of multi-factor authentication, encryption, air-gapping, and security awareness training;

The best cyber security protocols for your business;

How your organization can become resilient to attack.

1. MULTI-FACTOR AUTHENTICATION

2. ENCRYPTION

3. AIR-GAPPED BACKUPS

4. SECURITY TRAINING

Why is it required?

Poor password habits combined with weak, default usernames are the biggest threats to organizational security.

Case in point: following Equifax’s infamous 2017 breach, researchers discovered web portals that were secured by just about the worst username and password combination possible: admin and admin.

Why is it required?

While backups are crucial to restoration, they do not guarantee that hackers have not copied an organization’s data prior to a ransomware infection.

This practice is known as data exfiltration, allows threat actors to blackmail victims by threatening to publish or sell the files if their demands aren’t met.

Why is it required?

Backing up data is a standard practice, but just how secure is your backup?

If ransomware is planted on even one device, it can quickly and covertly infect your entire network without being detected—including your network-connected backups.

Why is it required?

Human error is one of the leading causes of privacy breaches.

In fact, cyber claims data from Willis Towers Watson shows that 63% of security incidents in 2020 were caused directly by employees, be it through accidental disclosure, data loss, or a spoofing scam.

1. MULTI-FACTOR AUTHENTICATION

Why is it required?

Poor password habits combined with weak, default usernames are the biggest threats to organizational security.

Case in point: following Equifax’s infamous 2017 breach, researchers discovered web portals that were secured by just about the worst username and password combination possible: admin and admin.

2. ENCRYPTION

Why is it required?

While backups are crucial to restoration, they do not guarantee that hackers have not copied an organization’s data prior to a ransomware infection.

This practice is known as data exfiltration, allows threat actors to blackmail victims by threatening to publish or sell the files if their demands aren’t met.

3. AIR-GAPPED BACKUPS

Why is it required?

Backing up data is a standard practice, but just how secure is your backup?

If ransomware is planted on even one device, it can quickly and covertly infect your entire network without being detected—including your network-connected backups.

4. SECURITY TRAINING

Why is it required?

Human error is one of the leading causes of privacy breaches.

In fact, cyber claims data from Willis Towers Watson shows that 63% of security incidents in 2020 were caused directly by employees, be it through accidental disclosure, data loss, or a spoofing scam.

Learn how to protect your business.

LEARN MORE ABOUT CYBERSECURITY

For more information on cybersecurity, check out our blog posts or visit the toolkit link below for a deep dive into best practices to protect your business.

RISK MANAGEMENT ADVICE

For more information on cybersecurity, check out our blog posts or visit the toolkit link below for a deep dive into best practices to protect your business.

ACCESS THE CYBERCRIME WHITE PAPER

This white paper offers trends, insights, and strategies to help you become resilient in the face of attack and changing insurance requirements.

Discover the new conditions for obtaining cyber insurance—multi-factor authentication, encryption, air-gapping, and security awareness training—and how you can implement them within your organization.

Register to receive your copy today!

ACCESS THE CYBERCRIME WHITE PAPER

This white paper offers trends, insights, and strategies to help you become resilient in the face of attack and changing insurance requirements.

Discover the new conditions for obtaining cyber insurance—multi-factor authentication, encryption, air-gapping, and security awareness training—and how you can implement them within your organization.

Register to receive your copy today!


    Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits


      Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits

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