Unfortunately, cyber incidents are on the rise, increasing by as much as 35% annually. This has caused premiums to increase exponentially in some cases. If your organization’s renewal is approaching, now is the time to review your network and the security measures in place. You should also request the current renewal form as soon as possible rather than waiting as some of the components required to qualify may take time to implement.
Our priority is to keep your network secure and manage your data following industry best practices. As a result, the technology stack CSOLVE utilizes can ensure your organization meets the requirements of your cyber insurance policy. There are many requirements for cyber insurance, and these are changing frequently. CSOLVE can assist with many, such as the implementation and enforcement of multi-factor authentication, which we covered in a previous newsletter. Our Remote Monitoring and Management tool ensures devices are regularly and automatically patched, and our regularly scheduled backup solution includes encryption of data at rest and in transit. Other measures, such as our ongoing Security Awareness Training, ensure your users are informed on how to detect and report malicious activity.