Cyber insurance is a specialized product to protect businesses from Internet and IT infrastructure risks that are excluded from traditional general liability policies. It covers losses such as data destruction, extortion, theft, hacking, and DDoS attacks, as well as providing security audits and post-incident support. It is advantageous because it facilitates recovery from major losses and often requires an IT security audit, improving business security. The policies help to distribute cyber risks fairly, correlating premiums to the level of expected risk, thus preventing dangerous concentrations of risk.
Cyber Resilience Assessment
- Analysis of the company’s security posture and readiness to address potential cyber incidents
Assessment Questionnaire
- A tool to provide a high-level overview of the organization’s security posture
Control Areas
- Categorization of security controls to protect against different cyber threats
Risk Scenarios
- Ransomware; Corporate Email Compromise; DATA Breach; Phishing and Social Engineering; Third Party Vendor Compromise
