These days, cyber insurance is a necessity, not a nice to have. Cyber risk is increasingly one of the greatest threats facing businesses. At AXIS, we support businesses in becoming more resilient to cyber threats. Enabling them to function without interruption. Prepare, Protect, Respond is our three-pronged approach to helping businesses confidently embrace technology by providing cover for the cost of cyber incidents while reducing their likelihood and impact through a comprehensive list of pre and post incident services.
Prepare
To prepare for cyber threats, start by imagining what happens to a client when an unauthorized person gains access to their systems. Perhaps they hack into their customers’ data via their website. Now think about the potential outcomes – whether the client was prepared and spotted the intrusion early versus the attack being undetected for weeks, or even months.
It’s why we recommend having an Incident Response Plan not only prepared, but practised regularly. Clients should also implement cyber security controls, which, at a minimum, include, Multi-Factor Authentication, off-site back-up,…
