The cyber underwriting process determines policy coverage and entails a comprehensive assessment by insurers of a company’s existing monitoring software, data management, security procedures, breach history, relative benchmark, and more.

Cyber underwriting is the process by which insurance firms assess businesses’ risk exposures and the extent to which they are mitigated when coordinating policy coverage.

Ransomware attacks cost governments, institutions, and companies billions annually, with total ramifications far exceeding financial losses—affecting reputation, productivity, and much more.

Cybersafe Solutions Chief Operating Officer Keith Strassberg explains common Microsoft 365 cybersecurity threats.

Businesses should be concerned with third-party cybersecurity risk because it can arise from anywhere, worsen with emerging trends, and cause irreparable harm.

Automated ransomware attacks can be quick and efficient, necessitating continuous security monitoring with rapid detection, response, and containment capabilities.

Cyber insurance is not a replacement for continuous security monitoring, but it adds an extra layer of protection from financial risks associated with a cybersecurity incident, including costs resulting from repairs, business interruption, and theft.

Risk assessments, penetration tests, compromise assessments, and breach and attack simulations evaluate a company’s strengths and weaknesses regarding preparedness in thwarting an attack and protecting sensitive data.