You may not realize it, but once you’ve signed on the dotted line, you’re agreeing to have a security framework and protocols in your organization. Fail to do so and your claim will likely be denied.
Whether you already have a policy or are shopping around for one, you need to know what the policy says and what you’re responsible for. Don’t assume that you’re completely covered just because you’re insured.
Cyber insurance is not a replacement for a good cybersecurity strategy. With ransomware incidents up more than 1000% since the start of the pandemic, insurers are doing more to make sure businesses aren’t slacking on their security posture.
Policies are including stricter requirements for companies, and if you don’t meet those requirements, the insurer will not pay your claim. But the good news is that if you do follow a cybersecurity framework, the odds of you having a security incident decrease dramatically.
Eric Rieger from WEBIT Services and Frank Haywood of Matsock Insurance are teaming up to explain what you need to know about today’s cyber insurance policies.
• Find out why cyber insurance policies are changing
• Understand the more rigorous underwriting process you’ll face
• Learn about the new CMMC framework and how that applies to your business
• Examine the role cyber insurance plays in a good cybersecurity strategy
• Don’t fall for common cyber insurance myths
There’ll also be time for Q&A after the presentation –so if you’ve got cybersecurity or insurance questions, this is your chance to ask.