Although the boundaries of cyber risks are fluid, the potential impact of this fluidity can be devastating. In today’s world, Cyber Security Insurance coverage is crucial for businesses that heavily rely on information systems and emerging technologies. Any serious business owner must protect their business while complying with regulatory requirements. Cyber insurance also comes in handy to assure potential investors and essential business stakeholders of a company’s viability. To secure the best-fit cover for their business, owners must clearly articulate their risk landscape and the likelihood of its occurrence. However, for the most competitive pricing, preparation makes all the difference. If you are a business owner, this article provides general guidance to prepare for coverage that suits your unique cyber security needs.
Cyber Security Risk Assessment
Insurance is a key mitigation against cyber security exposures. You are responsible for ensuring sufficient preventive controls to protect your critical information assets. Conducting a Risk Assessment enables your insurer to understand the potential risk they need to cover in…
